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omonatheydid
Through a business conference held today, CEO Jung Wook of JYP Entertainment announced their intention of branching out into more areas outside of music.
"Until we became 'One JYP' with the merger of JYP Entertainment and JYP, we've been focusing on making good music and artist management... With the merger, starting from this year and on, we plan to branch out into performances, actor management, movies, musicals, drama production, as well as travel business," he said.
This kind of move from the company has been expected for a while now as SME and YGE have all branched out into different areas already.
YG Entertainment has worked on getting into the field of animation and Asian movie distribution, and also kicked off a 3D hologram project with Everland. SM Entertainment on the other hand has set foot in various productions, travel, and mobile businesses through SM C&C.
Reps from JYPE revealed their anticipation of venturing into travel as they said, "If you look at entertainment companies that have already started up a travel business, the sales from fan tours make up quite a big portion."
So this could mean fun things up ahead for fans who are interested in purchasing travel packages and fan tours that are connected to the artists under JYPE!
[Update] - In more recent reports, it has been mentioned that in addition to branching out, the agency has also revealed that we can expect to see 3-4 new groups make their debut! It is said that 2 male groups and 1 female group are in preparation. One report also mentions that there is also plans for a male group that will be targeting the Japanese market composed of Japanese members.
Sources: allkpop and Newstomato via Nate (1) (2)
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Date: 2013-09-13 01:48 am (UTC)no subject
Date: 2013-09-13 01:48 am (UTC)like miss a should be on top but they don't have frequent enough comebacks and good enough management pls make something of them jyp/aqe
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Date: 2013-09-13 01:59 am (UTC)ugh yes
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From:no subject
Date: 2013-09-13 01:50 am (UTC)One of those better be JB, Jr., and whoever else is gonna be in JJ Project 2.0.
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Date: 2013-09-13 11:19 pm (UTC)no subject
Date: 2013-09-13 01:50 am (UTC)no subject
Date: 2013-09-13 01:57 am (UTC)(no subject)
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Date: 2013-09-13 01:58 am (UTC)Why Not Focus On The Groups You Havw
Date: 2013-09-13 01:58 am (UTC)I mean damn son...plus Wonder Girls and Sunmi
Re: Why Not Focus On The Groups You Havw
Date: 2013-09-13 02:45 am (UTC)Re: Why Not Focus On The Groups You Havw
From:no subject
Date: 2013-09-13 02:01 am (UTC)no subject
Date: 2013-09-13 02:03 am (UTC)Japanese group sounds like a flop already. If you're not a japanese company you pretty much have no chance to have a homegrown group.
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Date: 2013-09-13 02:05 am (UTC)no subject
Date: 2013-09-13 02:06 am (UTC)no subject
Date: 2013-09-13 02:14 am (UTC)no subject
Date: 2013-09-13 02:22 am (UTC)no subject
Date: 2013-09-13 02:33 am (UTC)no subject
Date: 2013-09-13 04:24 am (UTC)(no subject)
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Date: 2013-09-13 02:40 am (UTC)no subject
Date: 2013-09-13 02:44 am (UTC)no subject
Date: 2013-09-13 02:46 am (UTC)no subject
Date: 2013-09-13 02:58 am (UTC)no subject
Date: 2013-09-13 03:01 am (UTC)but yeah debuting 4 new groups doesn't sound like a good idea when you can't properly manage the ones you already have
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Date: 2013-09-13 03:09 am (UTC)(no subject)
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Date: 2013-09-13 03:05 am (UTC)no subject
Date: 2013-09-13 03:09 am (UTC)no subject
Date: 2013-09-13 11:24 pm (UTC)no subject
Date: 2013-09-13 03:40 am (UTC)no subject
Date: 2013-09-13 04:02 am (UTC)plus i need a miss a comeback asap, i still listen to the touch mini
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Date: 2013-09-13 04:21 am (UTC)no subject
Date: 2013-09-13 04:33 am (UTC)G-soul is working on his own music in the US, i don't think he's a trainee.
JOO doesn't have many fans so she won't bring huge money.
15& and Ahyeon can't have big fandoms either.
Miss A and 2AM are preparing to their comebacks now.
JJ project is coming back with 2-3 new members in Dec/Jan.
New girlgroup is debuting in Oct this year and 3rd group next year, 4th group isn't even confirmed yet.
I know JYP's management is bad, but people overreact imo. Argument 'they should focus on the artists they have' doesn't work here because they NEED new groups and it's not like YG/SM didn't do the same thing even though they had artists that were poorly promoted.
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Date: 2013-09-13 06:54 am (UTC)