跳到主要內容

簡易檢索 / 詳目顯示

研究生: 歐霏
Zsófia Ottóffy
論文名稱: 數位時代的創新行銷策略 – HYBE企業個案
Innovative marketing strategies in the digital age – A case study of HYBE Corporation
指導教授: 劉秀明
Liu, Sandra
口試委員: 陳春龍
Chen, Samuel
林月雲
Lin, Carol
學位類別: 碩士
Master
系所名稱: 商學院 - 國際經營管理英語碩士學位學程(IMBA)
International MBA Program College of Commerce(IMBA)
論文出版年: 2021
畢業學年度: 109
語文別: 英文
論文頁數: 81
中文關鍵詞: 韓國流行音樂音樂行銷社群媒體粉絲平台
外文關鍵詞: K-pop, Music Marketing, Social Media, Fandom, Platform
DOI URL: http://doi.org/10.6814/NCCU202100571
相關次數: 點閱:379下載:89
分享至:
查詢本校圖書館目錄 查詢臺灣博碩士論文知識加值系統 勘誤回報

  • For years now, the global music industry suffers from slow growth and insecure revenue sources, which became even more apparent during the COVID-19 pandemic. However, the South Korean music label HYBE Corporation showed remarkable growth in recent years, growing from a small national label to a global competitor listed on the Korean stock market. This thesis analyses the marketing strategies of HYBE that made this outstanding success possible.
    A case study approach was adopted to study the marketing strategies of HYBE. The sources of information were secondary data and ten personal interviews conducted with HYBE artists' fans. The analysis showed that HYBE's success could be attributed to three aligning strategies. Firstly, the company showed a novel approach to engaging with fans on social media through artist-to-fan direct communication amplified by company-produced content. Secondly, it adopted a new diversification strategy that includes content from the broader entertainment industry. Finally, HYBE ventured into technological innovation and built a one-stop solution platform for fan engagement and management.
    HYBE is currently at the beginning of its global journey, but it is already clear that it will not stay within the boundaries of the music industry. Whether they can build a long-lasting market power will primarily depend on the success of their platforms and secondary if they can repeat their customer data-based artist-branding under new circumstances.

    Table of Contents
    1. Introduction 1
    1.1. Revenue Sources in the Music Industry 2
    2. Literature Review 10
    2.1. Business Model 10
    2.2. Empathy Map 11
    2.3. Platform Business Models 11
    2.4. Marketing Practices in the Music Industry 13
    3. Methodology 15
    4. Findings 17
    4.1. Target Audience Empathy Map 17
    4.2. Unique Value Proposition 27
    4.3. Channel Innovation (Weverse and Weverse Shop) 48
    4.4. Enhanced Customer Relationships (Co-creation with Fans) 52
    4.5. Strategic Partnerships 58
    4.6. Overview of HYBE’s Business Model 61
    5. Discussion 66
    6. Limitation and Further Research 69
    7. Reference 70
    8. Appendix 80

    Reference
    Ballard, J. (2019, July 30). Millennials are the loneliest generation. YouGov. https://today.yougov.com/topics/lifestyle/articles-reports/2019/07/30/loneliness-friendship-new-friends-poll-survey
    Bandwagon. (2021, February 21). Big Hit Entertainment and Universal Music Group partner for “next great era for music,” announce global auditions for new boy group. Bandwagon. https://www.bandwagon.asia/articles/big-hit-entertainment-bts-universal-music-group-global-audtions-boy-group-weverse-announce-strategic-partnership-venewlive-2021
    Bell, C. (2020, October 5). How Much Does It Cost to Go Number One? PAPER. https://www.papermag.com/bts-blackpink-taylor-swift-stan-fundraisers-charts-2647856794.html?rebelltitem=29#rebelltitem29
    Bennett, L. (2012). Patterns of listening through social media: online fan engagement with the live music experience. Social Semiotics, 22(5), 545–557. https://doi.org/10.1080/10350330.2012.731897
    Berger, M. W. (2018, November 9). Social media use increases depression and loneliness. Penn Today. https://penntoday.upenn.edu/news/social-media-use-increases-depression-and-loneliness
    Bialik, K., & Fry, R. (2020, May 30). Millennial life: How young adulthood today compares with prior generations. Pew Research Center’s Social & Demographic Trends Project. https://www.pewresearch.org/social-trends/2019/02/14/millennial-life-how-young-adulthood-today-compares-with-prior-generations-2/
    Big Hit Entertainment. (2020, September 27). BTS “BE (Deluxe Edition)” Release Notice [Press release]. https://weverse.io/bts/notices/492
    BIGHIT MUSIC. (2017, December 12). About LOVE MYSELF. LOVE MYSELF. https://www.love-myself.org/post-eng/about-love-myself/
    BIGHIT MUSIC. (2019). Journey of LOVE MYSELF. LOVE MYSELF. https://www.love-myself.org/eng/journey-of-love-myself/
    Bong, B., Ryu, J., & Nam, S. (2018, October 10). “Thank You BTS” BT21 Collaborated Goods are Selling Like Hot Cakes! JoongAng Ilbo. https://mnews.joins.com/article/23035096?IgnoreUserAgent=y#home
    Bruner, R. (2019, October 8). The Mastermind Behind BTS Opens Up About Making a K-Pop Juggernaut. Time. https://time.com/5681494/bts-bang-si-hyuk-interview/
    Bruner, R. (2020, October 15). BTS’s Parent Company Is Going Public. Here’s How the Music Industry Could Replicate Its Massive Success. Time. https://time.com/5899791/bts-bighit-ipo/
    BTS Projects. (2021). 2020 r/bangtan census report. Reddit r/bangtan. https://www.reddit.com/r/bangtan/comments/mv0l4n/2020_rbangtan_census_results/
    Chartmetric. (2020). Music Industry Trends From H2 2020. https://www.chartmetric.com/music-industry-trends/6mo-report
    Choi, H., & Burnes, B. (2013). The internet and value co-creation: the case of the popular music industry. Prometheus, 31(1), 35–53. https://doi.org/10.1080/08109028.2013.774595
    Dahir, I. (2020, October 16). BTS’s Virtual Concerts Connected People On A Global Scale Not Seen Before The Pandemic. BuzzFeed News. https://www.buzzfeednews.com/article/ikrd/bts-map-of-the-soul-one-concert-experience
    DaSilva, C. M., & Trkman, P. (2014). Business Model: What It Is and What It Is Not. Long Range Planning, 47(6), 379–389. https://doi.org/10.1016/j.lrp.2013.08.004
    Elberse, A., Woodham, L. (2020). Big Hit Entertainment and Blockbuster Band BTS: K-Pop Goes Global. HBS No. 9-520-125. https://hbsp.harvard.edu/cases/
    Fixmer, A. (2021, February 10). BIG HIT, YG, UMG and KisWe Join Forces for Global Live Streaming Platform. UMG. https://www.universalmusic.com/big-hit-yg-umg-and-kiswe-join-forces-for-global-live-streaming-platform/
    Fox, M. (2004). E-commerce Business Models for the Music Industry. Popular Music and Society, 27(2), 201–220. https://doi.org/10.1080/03007760410001685831
    Frater, P. (2021). BTS Agency Big Hit Entertainment to Invest $63 Million in Rival YG. Variety. https://variety.com/2021/biz/asia/bts-agency-big-hit-entertainment-invest-in-yg-1234893216/
    Goldman Sachs. (2016). Music in the air - starway to heaven (equity research). https://www.goldmansachs.com/insights/pages/infographics/music-streaming/reports.html
    Gray, D. (2017). Updated Empathy Map Canvas. Medium. https://medium.com/the-xplane-collection/updated-empathy-map-canvas-46df22df3c8a
    Griggs, D. (2021, March 2). How Tech Can Revolutionize The Music Industry During The Pandemic. Forbes. https://www.forbes.com/sites/theyec/2021/03/03/how-tech-can-revolutionize-the-music-industry-during-the-pandemic/?sh=2b0beca631b3
    Grover, C., Ciocirlea, R., & Santero, N. (2020). 2020 ARMY Census. BTS ARMY Census. https://www.btsarmycensus.com/results
    Hagel, J. (2015). The power of platforms. Deloitte. https://www2.deloitte.com/content/dam/Deloitte/za/Documents/strategy/za_The_power_of_platforms.pdf
    Halperin, S., & Frater, P. (2021). BTS Label Owner HYBE Merges With Scooter Braun’s Ithaca Holdings for $1 Billion (EXCLUSIVE). Variety. https://variety.com/2021/music/news/hybe-merges-ithaca-holdings-scooter-braun-bts-1234943092/
    Hiatt, B. (2021). A Deep Conversation with BTS’ RM on His Group’s Early Years, Drake, Whether BTS Is K-Pop, and More. Rolling Stone. https://www.rollingstone.com/music/music-features/bts-band-rm-cover-story-drake-k-pop-1167258/
    Hiatt, B. (2021c). The Triumph of BTS. Rolling Stone. https://www.rollingstone.com/music/music-features/new-bts-song-2021-worlds-biggest-band-1166441/
    Hoffower, H., & Akhtar, A. (2019, October 10). Lonely, burned out, and depressed: The state of millennials’ mental health in 2019. Business Insider Nederland. https://www.businessinsider.nl/millennials-mental-health-burnout-lonely-depressed-money-stress?international=true&r=US#if-youre-struggling-with-depression-get-help-14
    HYBE Corp. (n.d.). HYBE / Company / Business. hybecorp.com. Retrieved June 5, 2021, from https://www.hybecorp.com/eng/company/business
    HYBE Corporation. (2020). 2020 Operations report (KR). https://hybecorp.com/eng/ir/archive/sale/152
    HYBE Corporation. (2021, May 4). Q1 2021 Earnings Report [Press release]. https://hybecorp.com/eng/ir/archive/result/427
    HYBE LABELS. (2021, April 5). HYBE x Ithaca Holdings [Video]. YouTube. https://www.youtube.com/watch?v=VOeYeb2ro9M&t=462s
    Jääskeläinen, P. (2019). Brand VS Brand: Global Marketing Analysis on Two K-pop Groups, NCT and BTS (Thesis). https://www.theseus.fi/bitstream/handle/10024/266081/Jääskeläinen_Petra.pdf?sequence=2&isAllowed=y
    Jun, Y. J., & Im, G. H. (2020, October 10). BTS’ Big Hit focuses on sustainable fandom-based business model. The Korea Economic Daily Global Edition. https://www.kedglobal.com/newsView/ked202009220002
    Kaszycka, I. (2017). Consumer Behaviour in Music Industry: Generations X and Y. Annales Universitatis Mariae Curie-Skłodowska, Sectio H, Oeconomia, 51(2), 113. https://doi.org/10.17951/h.2017.51.2.113
    Kelley, C. (2019, April 28). BTS Made $18.5 Million At The Box Office With “Burn The Stage: The Movie.” Forbes. https://www.forbes.com/sites/caitlinkelley/2018/12/07/bts-box-office-burn-the-stage-movie/?sh=622b7f05bf7b
    Kim, Y. J. (2021). #KpopTwitter achieves new record of 6.7 billion Tweets globally in 2020. Blog.Twitter. https://blog.twitter.com/en_us/topics/insights/2021/kpoptwitter-achieves-new-record-of-6-billion-tweets-globally-in-2020.html
    Langley, P., & Leyshon, A. (2017). Platform capitalism: The intermediation and capitalization of digital economic circulation. Finance and Society, 3(1), 11–31. https://doi.org/10.2218/finsoc.v3i1.1936
    McGraw, T. (2020). Spending 2020 Together on Twitter. Blog.Twitter. https://blog.twitter.com/en_us/topics/insights/2020/spending-2020-together-on-twitter.html
    Mehta, S. (2020). The World’s 50 Most Innovative Companies. Fast Company. https://www.fastcompany.com/90457458/big-hit-entertainment-most-innovative-companies-2020
    Millman, E. (2020, April 28). How Do You Sell Concert Tees Without Concerts? Merch Companies Are Up Against a Wall. Rolling Stone. https://www.rollingstone.com/pro/features/music-merchandisers-fighting-coronavirus-pandemic-990652/
    Ming, C. (2017, December 29). How K-pop made a breakthrough in the US in 2017. CNBC. https://www.cnbc.com/2017/12/29/bts-and-big-hit-entertainment-how-k-pop-broke-through-in-the-us.html
    Ming, C. (2017, December 29). How K-pop made a breakthrough in the US in 2017. CNBC. https://www.cnbc.com/2017/12/29/bts-and-big-hit-entertainment-how-k-pop-broke-through-in-the-us.html
    Moazed, A., & Johnson, N. L. (2016). Modern Monopolies: What It Takes to Dominate the 21st Century Economy (Illustrated ed.). St. Martin’s Press.
    Naveed, K., Watanabe, C., & Neittaanmäki, P. (2017). Co-evolution between streaming and live music leads a way to the sustainable growth of music industry – Lessons from the US experiences. Technology in Society, 50, 1–19. https://doi.org/10.1016/j.techsoc.2017.03.005
    Novi Yanti. (2017, December 31). Purple taehyung 💜 [Video]. YouTube. https://www.youtube.com/watch?v=OUUuaAqCwSg
    Osterwalder, A., & Pigneur, Y. (2010). Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers (The Strategyzer series) (1st ed.). John Wiley and Sons.
    Parker, K., & Igielnik, R. (2020, May 30). On the Cusp of Adulthood and Facing an Uncertain Future: What We Know About Gen Z So Far. Pew Research Center’s Social & Demographic Trends Project. https://www.pewresearch.org/social-trends/2020/05/14/on-the-cusp-of-adulthood-and-facing-an-uncertain-future-what-we-know-about-gen-z-so-far-2/
    Parker, K., & Igielnik, R. (2020, May 30). On the Cusp of Adulthood and Facing an Uncertain Future: What We Know About Gen Z So Far. Pew Research Center’s Social & Demographic Trends Project. https://www.pewresearch.org/social-trends/2020/05/14/on-the-cusp-of-adulthood-and-facing-an-uncertain-future-what-we-know-about-gen-z-so-far-2/
    Parry, G., Bustinza, O. F., & Vendrell-Herrero, F. (2012). Servitisation and value co-production in the UK music industry: An empirical study of Consumer Attitudes. International Journal of Production Economics, 135(1), 320–332. https://doi.org/10.1016/j.ijpe.2011.08.006
    Reddit K-Pop Census Results 2020. (2020, October 2). [Reddit Post]. Reddit. https://www.reddit.com/r/kpop/comments/j3i4hf/reddit_kpop_census_results_2020/
    Ruvo, C. (2019, August 7). Sony Makes Bigger Push Into Music Merch. Advertising Specialty Institute. https://www.asicentral.com/news/web-exclusive/august-2019/sony-makes-bigger-push-into-music-merch/
    Sony Corporation. (2018). Annual Report Pursuant to Section 13 or 15(D) of the Securities Exchange Act of 1934 for the Fiscal Year Ended March 31, 2018. https://www.sony.com/en/SonyInfo/IR/library/FY2017_20F_PDF.pdf
    Sony Corporation. (2020). Annual Report Pursuant to Section 13 Or 15(D) of the Securities Exchange Act of 1934 for the Fiscal Year Ended March 31, 2020. https://www.sony.com/en/SonyInfo/IR/library/FY2019_20F_PDF.pdf
    Stafford, S.A. (2010). Music in the Digital Age: The Emergence of Digital Music and Its Repercussions on the Music Industry.
    Stassen, M. (2021, March 17). Big Hit Global CEO Lenzo Yoon on K-Pop, BTS, their fans and the future of the global entertainment industry. Music Business Worldwide. https://www.musicbusinessworldwide.com/big-hit-global-ceo-lenzo-yoon-on-k-pop-bts-their-fans-and-the-future-of-the-global-entertainment-industry/
    Tubiera, A. (2020, April 24). BTS used their cute BT21 characters to invade Facebook Messenger with covert K-pop branding – are animated. . . South China Morning Post. https://www.scmp.com/magazines/style/celebrity/article/3081261/bts-used-their-cute-bt21-characters-invade-facebook
    UNICEF. (2018). "We have learned to love ourselves, so now I urge you to “speak yourself.””. https://www.unicef.org/press-releases/we-have-learned-love-ourselves-so-now-i-urge-you-speak-yourself
    UNICEF. (2020). BTS heartfelt message to young people at UNGA. UNICEF Latin America and Caribbean. https://www.unicef.org/lac/en/BTS-LoveMyself
    Vivendi. (2017). Financial Report and Audited Consolidated Financial Statements for the year ended December 31, 2017. https://www.vivendi.com/en/publication/financial-report-and-audited-consolidated-financial-statements-the-year-ended-december-31-2017/
    Vivendi. (2020). Financial Report and Audited Consolidated Financial Statements for the year ended December 31, 2020. https://www.vivendi.com/en/publication/financial-report-and-audited-consolidated-financial-statements-for-the-year-ended-december-31-2020/
    Warner Music Group Corp. (2018). Annual Report Pursuant to Section 13 Or 15(D) of the Securities Exchange Act of 1934 for the Fiscal Year Ended September 30, 2018. https://investors.wmg.com/static-files/825b1309-f0e1-48f7-8b59-adfc7400a3b5
    Warner Music Group Corp. (2020). Annual Report Pursuant to Section 13 Or 15(D) of the Securities Exchange Act of 1934 for the Fiscal Year Ended September 30, 2020. https://investors.wmg.com/static-files/4dbfc45b-5763-4cb0-8a83-ea79ca8fd064
    Watanabe, C., Naveed, K., & Neittaanmäki, P. (2015). Dependency on un-captured GDP as a source of resilience beyond economic value in countries with advanced ICT infrastructure: Similarities and disparities between Finland and Singapore. Technology in Society, 42, 104–122. https://doi.org/10.1016/j.techsoc.2015.04.003
    Wikström, P. (2013). The Music Industry in an Age of Digital Distribution. OpenMind. https://www.bbvaopenmind.com/en/articles/the-music-industry-in-an-age-of-digital-distribution/
    Yoon, J. S. (2020). Distribution of the audiences at BTS (Bangtan Boys) concerts held in Seoul in South Korea in October 2019, by age. Statista. https://www.statista.com/statistics/1116290/south-korea-bts-seoul-concerts-audience-distribution-by-age/
    Social Media Posts
    @01Btsxarmy. (2021, May 25). You’re updating charts now too. What’s next?? Voting?? 👀 We’re so close of getting jobless 🤧. Anyways, congratulations legends!! [Tweet]. Twitter. https://twitter.com/01btsxarmy/status/1397211708117094410?s=21
    @augkkive. (2019, September 26). I love when people compliment my koya keychain and whenever I see someone with bt21 merch I always compliment them [Tweet]. Twitter. https://twitter.com/augkkive/status/1176932948043620353
    @BT21_. (2020, June 26). You know what we do, SPREAD LOVE. 💕 BT21 X International Vaccine Institute stickers are coming. 🎉 All [Tweet]. Twitter. https://twitter.com/BT21_/status/1276425108073009154
    @BTS_twt. (2018, May 2). 절규 -진 [Tweet]. Twitter. https://twitter.com/bts_twt/status/991587420020719616?lang=en
    @BTS_twt. (2021, May 25). 여러분들의 큰 성원 덕분에 있을 수 없는 일이 일어났습니다. 진심으로 감사드립니다 ㅜㅜㅜㅜㅜ 항상 감사한 마음 잊지않고 노력하겠습니다 감사하고 사랑합니다 !!! [Tweet]. Twitter. https://twitter.com/BTS_twt/status/1397178944445509642
    @BTSArabFans7. (2021, May 26). تحديث جيمين على التويتر بفضل دعمكم الكبير ، تم تحقيق المستحيل. شكرا جزيلا من أعماق قلبي ㅜ ㅜㅜㅜㅜ [Tweet]. Twitter. https://twitter.com/BTSArabFans7/status/1397299791718232065
    @BTSARMY_Salon. (2020, April 4). This is cuteFace with tears of joy "My coworker’s wearing a mask marked BT21 so I asked about it. The [Tweet]. Twitter. https://twitter.com/BTSARMY_Salon/status/1246455680808054784
    @choi_bts2. (2021, May 25). trans) Something impossible happened because of your big support. Truly thank youㅜㅜㅜㅜㅜ I’ll always work hard without forgetting the thankfulness [Tweet]. Twitter. https://twitter.com/choi_bts2/status/1397181268404625413
    @iIlejeons. (2020, December 3). #Abyss by Jin Lyrics and message translations [Tweet]. Twitter. https://twitter.com/iilejeons/status/1334511023991246861
    @JiminPuertoRico. (2021, May 21). TRAD Front-facing baby chick | 25.05.2021 — #지민 @BTS_twt "Gracias a su gran apoyo, cosas imposibles suceden. [Tweet]. Twitter. https://twitter.com/JiminPuertoRico/status/1397229246758727681
    @TwitterData. (2020, December 8). n a year of so much change, it’s nice to see a few things remain constant. . .. like BTS dominating the [Tweet]. Twitter. https://twitter.com/TwitterData/status/1336042649313304576

    QR CODE
    :::