
Asset management and Brokerage firm Korea Investment & Securities (KI&S) has predicted that SM Entertainment will bring in 43.7 billion KRW (approximately $40.3 million USD) in revenue, and 13.7 billion KRW (approximately $12.6 million USD) in profit for the fourth quarter of 2012.
The sales are expected to increase by 11% compared to last year, and a profit increase of 51.3% over Q4 2011. Even though the company’s third quarter results fell short of analyst expectations, they are still growing as a content-producing enterprise and theirgrowth doesn’t seem to be slowing down. The company is actively promoting in Japan and China, and there will also be a synergy effect for SM C&C. SM C&C plans to expand as an Asian video content and drama production center, in addition to becoming a global acting management business.The projected results are based from Girls’ Generation‘s single and full album release in Japan, as well as their plan for a Japanese arena tour and American album release early next year. The SM TOWN concerts also brought in an incredible number of audience members in Singapore and Thailand. Not only so, but the Super Junior KRY unit had their own concert in Japan in front of an audience of 15,000, and they’ve added more dates due to demand. TVXQ has also started their world tour.
EXO is also said to have a new album slated for release in December, and will enter the Chinese market next year as well. 1-2 new groups will also debut next year, and f(x) along with BoA will be re-entering the Japanese market as well. The company also saw an incredibly successful year in Japan not only from Girls’ Generation, but also SHINee and Super Junior.
A researcher from Korea Investment & Securities said, “Based on their activities, the earnings that they receive from Japan is estimated to be around 20 billion KRW (approximately $18.4 million USD).Their domestic and foreign sales are increasing as well.“
source: allkpop
omg @ '1-2 new groups will also debut next year'
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Date: 2012-11-29 03:39 am (UTC)Um, aren't they already in the Chinese market? lol
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Date: 2012-11-29 06:32 am (UTC)(no subject)
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Date: 2012-11-29 03:40 am (UTC)no subject
Date: 2012-11-29 04:09 am (UTC)(no subject)
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Date: 2012-11-29 03:42 am (UTC)PLEASE redeem the fail that was Identity!
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Date: 2012-11-29 03:53 am (UTC)(no subject)
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Date: 2012-11-29 03:44 am (UTC)WHAT. To me it feels like EXO debuted yesterday...
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Date: 2012-11-29 12:38 pm (UTC)The problem is, till then EXO will have released only another mini and 3 digital singles, mark my words.
they were supposed to comeback in october ffsOh, and I bet one of the new groups will be an SM the Ballad vol.2 with the Open Arms line-up.
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Date: 2012-11-29 03:52 am (UTC)as long as jino is there, then yes pls. or solo debut
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Date: 2012-11-29 03:55 am (UTC)For EXO in China, I think they're referring to OT12 doing promotionals because fans in China took quite a liking to all of them together. Although I love to see them as one big group, I think they should establish EXO-K in Korea but you know LSM's determination for the Chinese market.
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Date: 2012-11-29 06:31 am (UTC)(no subject)
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Date: 2012-11-29 03:57 am (UTC)no subject
Date: 2012-11-29 04:14 am (UTC)but hm i'm not too surprised they're debuting another group...SM has actually had been consistently debuting artists every year until 2009 when f(x) came out. think about it. dbsk 2003, trax 2004, cjsh the grace and suju in 2005, iconiq and zhang li yin 2006, snsd 2007, shinee 2008, f(x) 2009...
then i guess they focused all efforts on what LSM called "M1" and "M2" or whatever and out came the awesomeness that is EXO for 2012.
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Date: 2012-11-29 11:32 am (UTC)M3 is coming. I hope it's true and that Jino is in it.
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Date: 2012-11-29 04:16 am (UTC)no subject
Date: 2012-11-29 04:29 am (UTC)no subject
Date: 2012-11-29 04:30 am (UTC)And if one of the debuts happens to be a girl group I AM GOING TO BE SO FUCKING MAD SM WHAT ARE YOU DOING WHY DID YOU EVEN DEBUT F(X) UGHHHHHHHHHHHHHHHHHHHHHHH.
If anyone debuts it better be this precious ball of sunshine:
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Date: 2012-11-29 05:09 am (UTC)no subject
Date: 2012-11-29 05:34 am (UTC)no subject
Date: 2012-11-29 06:29 am (UTC)no subject
Date: 2012-11-29 06:38 am (UTC)And considering that everyone literally debuted, made a comeback on top of each other this year I can't imagine how unorganized it is at SME right now. And just as a small reminder F(x) still doesn't have a fanclub name or color. I know they don't sell very well but I mean COME ON! Work on that shit not a new group!
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Date: 2012-11-29 06:47 am (UTC)(no subject)
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Date: 2012-11-29 07:13 am (UTC)no subject
Date: 2012-11-29 07:26 am (UTC)Also, Miles Walker (he did work on their new Jp album) said on Twitter today that he was looking forward to working on the US album.
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Date: 2012-11-29 07:32 am (UTC)BoA back to Japan? YES PLEASE. Although I still feel like they should have worked her comeback better.
F(X) is for me just almost non-existent. I don't know how their actual popularity is in Korea, but it feels like they are always trailing behind. The Japanese (and Korean for that matter) version of Hot Summer was horrible, I couldn't stand it in English and apparently it sounds awful in every language. They (SM) should have worked their comeback better tbh.
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Date: 2012-11-29 07:42 am (UTC)f(x) - i pray you practiced japanese since hot summer. practiced hard.
1-2 groups...must be whatever jino is doing and a girl group...i don't particularly want new groups at this point though. i'm sure most of that has to with disappointments with exo. maybe try ask me again after their album :)
edit: when they say entering the chinese market...i secretly hope it's for exo m to have some sort of show. any kind please.
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Date: 2012-11-29 08:57 am (UTC)no subject
Date: 2012-11-29 10:43 am (UTC)no subject
Date: 2012-11-29 10:43 am (UTC)I was think EXO entering China seriously meant more variety, fan signings, and performances for M but what if they mean a tv show or OT12?
EXCITING TIMES!
f(x) has sold well digitally and physically since the two singles last year plus NuABO did well and got them well known with Vic's appearance on We Got Married. They win #1s so I'm okay with a new girl group. I just wish SM took them to China or Taiwan to capitalize on Vic's popularity and tv show instead of Japan but Japan is where the big money is.
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Date: 2012-11-29 11:18 am (UTC)OMG, I think it's "M3" (the new boys group) and the girls group!
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Date: 2012-11-29 12:25 pm (UTC)Lose your Mind, Valenti, Brand New Beat...we miss ya!
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Date: 2012-11-29 01:31 pm (UTC)I don't care about their new groups tbh, EXO K needs work.
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Date: 2012-11-29 01:33 pm (UTC)no subject
Date: 2012-11-29 01:36 pm (UTC)