A short JYPE news post
2013-08-28 10:34 pm
2PM accounts for 79.91% of JYP Entertainment's profits in first half of 2013
After JYP Entertainment's US branch suffered a heavy blow, the company ended up in the red for the past fiscal year.
According to Korea's Financial Supervisory Service, in the beginning of the year, JYP Entertainment earned 9,900,000,000 KRW (approximately $8,890,000 USD) in sales, and 2,000,000,000 KRW (approximately $1,796,000 USD) in net profit. However, taking last year into account, the company had a net loss of 400,000,000 KRW (approximately $359,200 USD). The loss came from JYP's United States branch JYP Entertainment Corporation, where JYP holds 90% of the stocks.
Because of this, the JYP Entertainment stock on the KOSDAQ fell 6% to 16,620 KRW (approximately $15 USD). JYP Entertainment still has some risk because of the fact that 2PM makes up most of JYP Entertainment's profits. 2PM was responsible for 61.63% of JYP Entertainment profits in 2011, which rose to 72.42% in 2012. So far in 2013, it rose to an even higher 79.91%.
Source: Korea Economy via Nate + akp
JYP Entertainment to debut a new girl group this year + possible miss A comeback
JYP Entertainment has big plans for the second half of 2013!
Sunmi's having a pretty successful solo promotion with "24 Hours", and J.Y. Park himself will make his return. Additionally, JYP Entertainment will be continuing on their march with a new girl group! Reportedly, the current plan is for the new girl group to debut around in October. Since the Wonder Girls are on an indefinite hiatus, they're expected to take the baton next.
miss A is also going to have a comeback soon! Nothing is confirmed for sure yet, but the girls are planning to release a song before the end of the year.
source: akp
JYPE refutes rumors of Wonder Girls' disbandment
Whispers and speculations have been afloat since the announcement of Sun's marriage that Wonder Girls may be disbanding. However, JYP Entertainment refuted the rumors once again, revealing that the Wonder Girls have yet to discuss any plans for their disbandment.
The speculations surrounding their possible disbandment were brought up by insiders who stated that Yenny, Yubin, and Sohee are currently thinking over the renewal of their contract once it expires this year or early next year. It has also been revealed that Yenny wants to continue learning as a songwriter under JYP Entertainment, Sohee wants to expand on her budding acting career while the other members plan to continue on their individual activities as well. Sun is also residing in Canada with her husband as an expectant mother and according to a close friend, plans to return to Haiti as a missionary six months after giving birth, leaving the possibility of the Wonder Girls performing on one stage up in the air.
JYP Entertainment responded on the 29th, "The [Wonder Girls] are currently in the middle of their individual activities, and like we've said since the beginning, there hasn't been any internal talk about the disbandment of the Wonder Girls."
The agency also didn't lead fans on too much though, as they stated realistically, "Although they are not disbanding, it will be difficult for them to return to the stage in the same way they used to... The members plan to focus on their individual activities for the moment."
source: MyDaily via Nate, OSEN via Naver + akp
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Date: 2013-08-29 03:19 am (UTC)(no subject)
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Date: 2013-08-29 03:19 am (UTC)no subject
Date: 2013-08-29 03:20 am (UTC)Isn't it time to quit US dreams and concentrate on Japan where the real money is.
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Date: 2013-08-29 04:17 am (UTC)(no subject)
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Date: 2013-08-29 03:27 am (UTC)Re: JYP TRAINEES
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Date: 2013-08-29 03:36 am (UTC)no subject
Date: 2013-08-29 03:48 am (UTC)2PM activities in Japan and Suzy promos paying for all of JYP...and I thought Big Bang and YG were bad.
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Date: 2013-08-29 04:15 am (UTC)i am not amused with a new group debuting when jype can't even manage and promote the groups they have right now, miss a was supposed to be fucking huge by now if they had done them right.
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Date: 2013-08-29 05:44 am (UTC)(no subject)
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Date: 2013-08-29 04:27 am (UTC)New girl group? Nope stop right there, how about you give more love to Miss A, pretty much your "active" girl group, then JJ Project who hasn't even had ONE COMEBACK and then... poor Joo, the basement dweller. 15& too.
And then JYP himself is having a comeback? DNW. :/
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Date: 2013-08-29 04:31 am (UTC)jype is losing fandom and that is not good and a new group won't help.
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Date: 2013-08-29 04:28 am (UTC)no subject
Date: 2013-08-29 04:29 am (UTC)MAKE IT HAPPEN JYPE, YOU WOULD HAVE ALL THE MONEY, I SWEAR!
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Date: 2013-08-29 04:42 am (UTC)And the rest of profit must comes from Miss A? Or just Suzy
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Date: 2013-08-29 05:17 pm (UTC)no subject
Date: 2013-08-29 04:44 am (UTC)no subject
Date: 2013-08-29 05:10 am (UTC)he took one of the best debuts a group has ever had and did nothing with it. miss a should be on the level of f(x) and 4minute but these long breaks are doing them so much harm
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Date: 2013-08-29 01:29 pm (UTC)twerking away)...Or they could just not have a YEAR LONG break. 6 months away is too much IMO too
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Date: 2013-08-29 05:26 am (UTC)There is also a rumor that he wants to keep the brand WG and replace the entire group with all new members. This news just come out at the time they're announcing a new girl group debut with words like "take the WG's baton".
Be afraid. Be very afraid...
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Date: 2013-08-29 06:28 am (UTC)(no subject)
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Date: 2013-08-29 05:42 am (UTC)Give us Miss A or stfu. We all know WG are over, come on it's time to Miss A to shine, their debut was awesome, they're supposed to be huge. Plus Mimi xD
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Date: 2013-08-29 06:40 am (UTC)the company's depending too much on 2PM (and Suzy) right now. i don't know, but it seems a little risky. what with 2PM having to enlist someday, so unless they start to manage their other groups properly and grow the fandom, the company is in danger of a huge loss (there's a rumor 2PM's extended their contract to 3 more years though so they have until 2018 to work on their other groups). all the money hottests spend on 2PM basically goes to other artists/stuff in the company, so you better invest and use that money properly, jype.
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Date: 2013-08-29 07:24 am (UTC)no subject
Date: 2013-08-29 08:27 am (UTC)+1
It seems like they're totally unprepared in terms of marketing making their ventures flop. :/
and, hello there Reita. :D
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Date: 2013-08-29 08:01 am (UTC)they should add joo to the new girl group tbh so she doesn't get stuck in the basement for the rest of her contract.
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Date: 2013-08-29 10:16 am (UTC)Also I want better miss A song, cuz I really didn't like I need a man :/
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Date: 2013-08-29 11:42 am (UTC)well fuck you too JYP
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Date: 2013-08-29 08:26 pm (UTC)At least he still lets 15& study in school properly.
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Date: 2013-08-29 09:18 pm (UTC)Stop lying to me! I know WG is over, just say it. I can handle it! ;-;
Why are you trying to debut a new girl group?! You just murdered one and about to kill off another due to lack of promotions. Miss A's debut was amazing and they should be snatching wigs right now!
Try an depend on 2PM all you want, they have to go enlist one day. What you gonna do then?
Oh, and they better not drop the ball with Sunmi! She has a hit song. Use it!
*pissed*
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Date: 2013-08-30 12:37 am (UTC)no subject
Date: 2013-08-30 01:13 am (UTC)also, not surprised about 2PM giving them so much money... it seems JYPE doesn't try too hard to focus on more than one group at a time...
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Date: 2013-08-30 02:06 am (UTC)no subject
Date: 2013-08-30 02:29 am (UTC)