Former singer of ‘Seo Taiji and Boys’ Yang Hyun-Suk currently representing YG Entertainment has stated that the revenue and operating profit were much higher than anticipated from that of the previous year.
On Feb. 9th, LIG Investments and Securities ‘YG Entertainment member idols X-File belonging to public (Jeong Yu-seok, an analyst)’ It is reported that this year’s sales had increased 122.7 percent to about 167 billion won, a 167.4 percentage higher than the anticipated 36 billion won. The current target price (based on 8 days) was predicted as 48,150 won but was 81,000 won, nearly doubling up ‘buying’ were revealed.
This report pertains to YG Entertainment’s singers Big Bang, 2NE1, Se7en, Gummy, Psy, Tablo, and Actors/actresses Yoo In Na, Kang Hye Jung, Jung Hye Young whose activities were more vigorous than ever this year, and thus saying the performance improvement was expected. In particular, Yang Hyun-Suk audience brought nearly 15.0% for SBS ‘Kpop Star’ in his appearance on episode ‘The Boss is at Work’ where he also predicted that Big Bang and 2NE1 would increase rapid growth in sales.
During Big Bang’s comeback activities last year alone brought a revenue of 29 billion won. This year’s scheduled comeback for Big Bang is expected to increase even more sales. The report says, the scheduled March 2-4th Big Bang concert is expected to raise the revenue of 4 billion won. They are working with the music industry in the United States for 2NE1’s collaborations, even more growth than last year is predicted to show up for them as well.
Last years report in the case of Big Bang, the sales (280 million) more than doubled to 78 billion won and could reach to over 200 million won a day in increase sales are being analyzed. Big Bang’s 38 billion won in sales revenue of the concert, record’s revenue 12 billion won and, advertising revenue was estimated at 5 billion won.
This year alone, 2NE1 brought in 30 billion won in sales from last year’s 220 million. It is predicted to increase by 27% in the coming year. 2NE1’s report shows 15 billion won in concert revenues, record earnings and source as 50 billion and 30 billion in advertising revenue.
2NE1 debuted three years ago in July 2009, and soon another new group will be presented. Mnet’s ‘Superstar K’ Kim Eunbi and Kang Seung Yoon who appeared with eight other trainees, are currently being prepared for their debut.
Report written by Jeong Yuseok Analyst states that “YG Entertainment invests 70.1% on Big Bang and 2NE1’s sales which are too high a risk. But with the other celebrities and the new group being introduced, this will advent these risks gradually and even out the odds.”
Source: Korean Herald via Nate
Translation: Yoophoric @YGLadies.com
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