20110412
YG, SM, JYP total revenue hit record high in 2010 [NEWS]
KPOP’s top three management agencies, SM Entertainment (SME), YG Entertainment (YGE), and JYP Entertainment (JYPE), have recorded all-time high revenues in 2010, exceeding 150 billion won (137 million USD) in total when combined together, local media Star News Money Today reported in an exclusive report today. Star News acquired revenue audit reports of all three labels through an internal system built by the Financial Supervisory Service from Jan. 1st to Dec. 31st of last year, as they were given access to each company’s total sales, sales revenue, and net profit in the cited period. According to the report, all three companies recorded a surplus in revenue, which was more than 150 billion won (137 million USD) altogether.
SME’s total sales from 2010 were 86.4 billion won (79 million USD), an increase from 61.7 billion won (57 million USD) they recorded in 2009—the highest in company history. Their sales revenue also rose by 15 billion won (14 million USD) to 25.4 billion won (23 million USD) compared to the previous year, while their net profit reached 21.8 billion won (20 million USD), surpassing the 20 billion won mark for the first time as well.
YGE too had the best year in terms of total sales and net profit. The hip hop label’s total sales were 44.7 billion won (41 million USD), sales revenue 10.3 billion won (9.4 million USD), and net profit 9.7 billion won (8.9 million USD) in the past year. It only took them one year to break their previous high which was set in 2009.
JYPE had the lowest net revenue among the three, but nonetheless put up quite impressive numbers. Their total sales from last year was 21.6 billion won (20 million USD), more than twice the amount from 2009, while their sales revenue came in at 5.9 billion won (5.4 million USD), a remarkable growth from the previous year’s 230 million won (210K USD). What’s more impressive is the fact that JYPE was finally able to turn things around and record a surplus of 904 million won (830K USD). In 2009, JYPE ran a deficit of 468 million won (430K USD) due to their investment in Wonder Girls’ US promotions.
Source: Star News
via Soompi
Read more: http://www.bigbangupdates.com/2011/04/yg-sm-jyp-total-revenue-hit-record-high.html#ixzz1JMZFVGDB
20110409
Reasons why showbiz is welcoming Big Bang's contract renewal [NEWS]
Recently, the disbanding of idol groups is like how the wildfire burning and it is not uncommon for them to have fights between themselves too, let’s look at how these challenges can be resolved.
Although Shinwa still retains their name but they do not belong to the old company anymore and whether they can keep on working towards the same goal despite their differences is still unknown.
The top idol band, BIGBANG renewed their contracts with YG Entertainment after their 5-year contract has ended. The release of this piece of news has shocked the showbiz. A representative of YGE said, "Ever since they were trainees, we have been together for 10 years already and on 7th, the members of BIGBANG have renewed their contracts with YG."
He continued, "BIGBANG members and YGE are just like a family when we are together. Since they debuted, the agency has planted trust and confidence in them and we are thankful to them too. We are very pleased that we can satisfy what the fans want- BIGBANG can keep on being active under this name for a long time." He said it with a huge smile spread on his face.
After 5 years of getting together, most popular groups would be disbanded or stopped being active due to the conflicts among members or friction between the company and the members. However, BIGBANG has broken this curse and all of the rumors ceased because of the contract renewal.
After the 2 years and 3 months hiatus, BIGBANG has comeback after their solo and duo activities which showed how well they can digest different music styles. They proved that such kind of rumors about the disbanding of the idol groups are false.
Source: Osen
Translation: Rice @ bigbangupdates
Although Shinwa still retains their name but they do not belong to the old company anymore and whether they can keep on working towards the same goal despite their differences is still unknown.
The top idol band, BIGBANG renewed their contracts with YG Entertainment after their 5-year contract has ended. The release of this piece of news has shocked the showbiz. A representative of YGE said, "Ever since they were trainees, we have been together for 10 years already and on 7th, the members of BIGBANG have renewed their contracts with YG."
He continued, "BIGBANG members and YGE are just like a family when we are together. Since they debuted, the agency has planted trust and confidence in them and we are thankful to them too. We are very pleased that we can satisfy what the fans want- BIGBANG can keep on being active under this name for a long time." He said it with a huge smile spread on his face.
After 5 years of getting together, most popular groups would be disbanded or stopped being active due to the conflicts among members or friction between the company and the members. However, BIGBANG has broken this curse and all of the rumors ceased because of the contract renewal.
After the 2 years and 3 months hiatus, BIGBANG has comeback after their solo and duo activities which showed how well they can digest different music styles. They proved that such kind of rumors about the disbanding of the idol groups are false.
Source: Osen
Translation: Rice @ bigbangupdates
REblog: EviLHika
Yang Hyun Suk hints at Big Bang’s future direction in music [NEWS]
Amidst the news of the Big Bang members extending their contracts with YG Entertainment for another 5 years, it has also been revealed that the group and the company discussed and settled upon new agreements.
Big Bang is expected to embark on a new path in the music industry to gain recognition as artists rather than just idols. In order to strip away from the typical idol image that is prevalent in the K-pop scene today, Big Bang will be launching a more advanced music style.
Through a recent phone call with OSEN, Yang Hyun Suk revealed, “[The] Big Bang members have extended their contracts to another 5 years, and they will be creating a different music style. The members have promised to work even harder in order to be recognized as artists rather than idols.”
Big Bang already stands prominently in terms of high-quality music and impressive stage presence, so many fans are highly anticipative of what the group will be bringing to the table.
Source: OSEN via Nate
Translated by saykimchi @ alkpop
Big Bang is expected to embark on a new path in the music industry to gain recognition as artists rather than just idols. In order to strip away from the typical idol image that is prevalent in the K-pop scene today, Big Bang will be launching a more advanced music style.
Through a recent phone call with OSEN, Yang Hyun Suk revealed, “[The] Big Bang members have extended their contracts to another 5 years, and they will be creating a different music style. The members have promised to work even harder in order to be recognized as artists rather than idols.”
Big Bang already stands prominently in terms of high-quality music and impressive stage presence, so many fans are highly anticipative of what the group will be bringing to the table.
Source: OSEN via Nate
Translated by saykimchi @ alkpop
Kredit: @EviLHika
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