All threads and topics are hidden to non-members!!
Please register and log in to view them.

Access to Sandara Park International Online requires log-in
Please enter your information. Thank you!!

Welcome to SPIO, we hope you'll have a wonderful stay :]

HomePortalFAQSearchRegisterMemberlistUsergroupsLog in

Share | 

 Earning and profits for SM-YG & JYP for '09

Go down 
Forum Moderator
Forum Moderator

Number of posts : 2141
Age : 42
Registration date : 2009-05-16

PostSubject: Earning and profits for SM-YG & JYP for '09   Fri Apr 23, 2010 12:33 pm

Earnings and profits for ‘Big 3′ SM-YG-JYP for year 2009 revealed!

How much were the earnings and net profits for Korea’s top 3 management companies – SM Entertainment, YG Entertainment, JYP Entertainment – in year 2009?

Managing the top idol groups in Korea, Lee SooMan (SM), Yang HyunSeok (YG) and Park JinYoung (JYP) are also the largest shareholders of the companies. And there have been great interests in the rivalry going on between these 3 entertainment giants amongst fans.

On the 12th, Financial Supervisory Service revealed the earnings of YG Entertainment for year 2009. YG recently reported their earnings on the 9th, so did the other 2 companies, through an electronic announcement system under the service.

Under sales, SM Ent (The only KOSDAQ listed out of the 3) is #1 with 61,788,490,000 KRW in sales. Increase from 43.7 billions KRW recorded in 2008

SM Ent manages some of the biggest idol groups in Korea including So Nyeo Shi dae, Super Junior, SHINee, Dong Bang Shin Ki, f(x) and BoA etc.

But in terms of increase from the previous year, YG Entertainment is #1 with 35,693,360,000 KRW in terms of earnings in 2009, up 92% from the record of 18.5 billions KRW in 2008. This is also the first time the company broke through 30billions KRW in earnings in 10 years since its establishment.

2009 has been a good year for YG En with Big Bang doing well with their concert, GDragon, DaeSung, SeungRi and TaeYang with their solo activities. 2009 was also the debut of their female group 2NE1 which had roped in earnings through their various albums and CFs released.

As for JYP, their earnings last year was 10,163,540,000KRW. There is a drop in 7% in terms of earnings but considering that WonderGirls has been inactive in Korea, this is good results. Idol group 2PM also played a decisive role in the company’s earnings last year with all the saga going on.

Under operating profits taking away sales costs and salaries:

1. SM – 9,266,340,000 KRW
2. YG – 7,390,890,000 KRW
3. JYP – 230,000,000 KRW

Also, under net profit

1. SM – 4,471,310,000 KRW
2. YG – 4,162,260,000 KRW
3. JYP – lose of 4,677,770,000 KRW

For JYP case, it was not the lose for the company and its artistes, but rather the lose was absorbed by the investors for WonderGirls’ American debut last year. So with that, the assessment of loss can only be attained based on the WonderGirls’ success in their legitimate American activities this year.

Credits: StarNews
Source: Kbites
Back to top Go down
Earning and profits for SM-YG & JYP for '09
Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
 :: Everything Sandara :: NEWS-
Jump to: