BTS was crowned the champion of 2021 IFPI Global Recording Artist of the Year Award.
The IFPI said the news marks a “critical moment” for the record industry, as the South Korean group is the first artist to win the award for two years in a row.
Awards are based on the artist or group’s worldwide performance across digital and physical music formats during the year, from live to vinyl, and include the full spectrum of the artist’s work. surname.
BTS entered the IFPI Global Artist Rankings for the first time in 2018, coming in at No. 2.
The 2020 rankings see the global superstars become the first Korean artists to win the award, as well as the first winner to perform primarily in a language other than English.
In the latest chart, BTS was joined by fellow K-pop stars SEVENTEEN, who appeared on the chart for the first time at number 9.
This proves K-Pop’s growing popularity with music fans around the globe, IFPI said.
Based on IFPI’s State of Industry 2021 Reportedly, a record year for K-Pop in 2020 propelled South Korea to 44.8% growth, making it the fastest-growing major market in 2020.
With that in mind, BTS’ latest award should come as no surprise to those who’ve been following the group’s industry transformations in 2021.
Butterreleased in May 2021, peaked at number 1 in the US Billboards Hot 100 chart for seven consecutive weeks, while in July the single Right to dance also debuted at No.1 on the Hot 100, replacing himself at the top of the chart.
In September, Coldplay and BTS released My universealso ranked number 1 in the US.
In Asia, BTS released their most successful album in Japanese BTS, THE BESTtopped Oricon’s Year-End Albums Chart – the first time a non-domestic artist has done so in 37 years, IFPI said.
HYBE, the company behind BTS, also had a very successful 2021.
In February 2022, the Korean-headquartered company started Big Hit Entertainment – and remains the home of BTS – posted recognize annual revenue for 2021.
That revenue reached 1.257 trillion Korean Won (KRW), according to investor profile, up 58% over the same period last year. That translates to $1.098 billion at the average annual exchange rate.
BTS broke into the top three of the IFPI Global Artist Rankings by two-time winner Taylor Swift, who finished in 2nd place for the second year in a row. Before that, she topped the 2019 chart.
Swift is the highest charting solo artist, followed by Adelewho secured third place, returning to the leaderboard for the first time since winning in 2015.
Drake (2016 and 2018 winner) and Ed Sheeran (2017 winner) came in at 4th and 5th respectively, while Olivia Rodrigo made a first impression on the leaderboard after coming in at No. 10th place.
“BTS’s phenomenal success over the past year is a testament to their creativity, hard work, and unwavering commitment.”
Frances Moore, IFPI CEO, said, “BTS’s phenomenal success over the past year is a testament to their creativity, hard work and unwavering commitment to continuing to find ways to bring music to life. theirs to the world.
“By performing in three different languages, they have demonstrated their extremely unique global appeal, and their dynamic and passionate fan base has made them the first artist in history to stand topped the Global Artist Chart for two consecutive years.
“We want to wish RM, Jin, SUGA, j-hope, Jimin, V and Jung Kook and all who work on their team great congratulations on winning the Global Recording Artist Award of year and another year of great success.”Worldwide music business
https://www.musicbusinessworldwide.com/bts-named-global-recording-artist-of-the-year-by-ifpi-for-second-straight-year/ BTS was named Global Recording Artist of the Year by IFPI for the second year in a row