Entertainment News Roundup: BTS' label Big Hit posts profit as it prepares for IPO; Virus spike pushes Sarajevo Film Festival online and more

K-Pop group BTS' label Big Hit posts profit as it prepares for IPO Big Hit Entertainment, the management label of hugely popular South Korean K-Pop group BTS, saw 49.7 billion won ($41.9 million) in half-year profits as its online concert and merchandise sales more than offset event cancellations during the COVID-19 pandemic.

Following is a summary of current entertainment news briefs.

Miel Gibson: Chilean honey vendor in a sticky situation with Braveheart star

A pun on the Spanish word for "honey" and the name of one of the world's most famous actors has landed a small scale Chilean vendor in a sticky situation. Yohanna Agurto used an image of Mel Gibson from the 1995 movie "Braveheart" to promote her honey, Miel Gibson, along with the slogan "only for the brave."

Virus spike pushes Sarajevo Film Festival online

The Sarajevo Film Festival will be launched entirely online on Friday after a spike in coronavirus cases forced organizers to cancel plans to stage Europe's first in-person movie fair since the outbreak of the pandemic. Just ten days ago a huge projection screen was set up at a spacious open-air cinema and chairs placed according to physical distance rules. Organizers had said face masks and disinfectants at cinema entrances would be a must.

Details emerge for Trump's convention plans, as Democrats line up music stars

Vice President Mike Pence will deliver remarks from historic Fort McHenry in Maryland during the Republican National Convention, a campaign official said on Friday, while President Donald Trump said he will likely give his address from the White House. The plans for the convention, which starts on Aug. 24, have already drawn criticism from Democrats and ethics experts, who have raised concerns about the use of the federal property for partisan advantage.

K-Pop group BTS' label Big Hit posts profit as it prepares for IPO

Big Hit Entertainment, the management label of hugely popular South Korean K-Pop group BTS, saw 49.7 billion won ($41.9 million) in half-year profits as its online concert and merchandise sales more than offset event cancellations during the COVID-19 pandemic. Earlier this month, Big Hit received preliminary approval for its planned initial public offering (IPO), with a listing expected later this year. Some analysts have forecast the IPO could value the company at 4 trillion won ($3.4 billion) or more.

(With inputs from agencies.)