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omonatheydidIt’s been belatedly revealed that JYP Entertainment liquidated their subsidiary U.S. company, ‘JYP Creative‘, which they established back in November of 2011 in the U.S., after 1 year in November of 2012.
JYP Entertainment, headed by J.Y. Park, invested $1.2 million into the subsidiary for their activities in the U.S. However, JYP Creative recorded a net loss of 119 million KRW ($106,000) in 2011, and the loss continued, resulting in a net loss of over 1.7 billion KRW ($1.5 million) in 2012.
To help with JYP Creative activities, J.Y. Park had opened up his Korean BBQ restaurant ‘Kristalbelli‘ in New York, but it’s said the restaurant has faced losses as well. However, for the time being, the restaurant will continue to operate.
Although they’ve liquidated their American firm, the agency states that there is no change in promotion plans for their artists.
JYP Entertainment assured, “There is no problem with the agency artists promoting domestically or internationally.”
They continued, “Currently, 2PM, miss A, and other agency artists are promoting more within Asia like the countries of Japan and China, rather than the U.S. There is no immediate plans for promotions in the U.S., so there is nothing that has changed because the American firm has been dissolved.”
Source: Money Today, Newsis, Sports Seoul + akp
JYP Entertainment, headed by J.Y. Park, invested $1.2 million into the subsidiary for their activities in the U.S. However, JYP Creative recorded a net loss of 119 million KRW ($106,000) in 2011, and the loss continued, resulting in a net loss of over 1.7 billion KRW ($1.5 million) in 2012.
To help with JYP Creative activities, J.Y. Park had opened up his Korean BBQ restaurant ‘Kristalbelli‘ in New York, but it’s said the restaurant has faced losses as well. However, for the time being, the restaurant will continue to operate.
Although they’ve liquidated their American firm, the agency states that there is no change in promotion plans for their artists.
JYP Entertainment assured, “There is no problem with the agency artists promoting domestically or internationally.”
They continued, “Currently, 2PM, miss A, and other agency artists are promoting more within Asia like the countries of Japan and China, rather than the U.S. There is no immediate plans for promotions in the U.S., so there is nothing that has changed because the American firm has been dissolved.”
Source: Money Today, Newsis, Sports Seoul + akp
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Date: 2013-03-22 05:42 pm (UTC)no subject
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Date: 2013-03-23 04:21 am (UTC)no subject
Date: 2013-03-23 05:01 am (UTC)(then we can sue them cause THIS IS AMERICA)
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Date: 2013-03-23 04:21 am (UTC)no subject
Date: 2013-03-22 05:51 pm (UTC)no subject
Date: 2013-03-22 05:58 pm (UTC)i wonder if this is why jype (finally) started to promote fei really hard (thank god), since in the end, miss a is (currently )their only girl group. maybe this mean that this good circle of promotions that is getting fei everywhere will continue and pass to the other members and miss a will grow as a group in popularity and status.
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Date: 2013-03-22 07:04 pm (UTC)no subject
Date: 2013-03-22 07:11 pm (UTC)and jype always takes long with comebacks.
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Date: 2013-03-22 09:40 pm (UTC)no subject
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Date: 2013-03-22 06:03 pm (UTC)YOU BETTER BE PRACTICING OUR HALF AIR HALF SOUND WHEN HAVING SEX!
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Date: 2013-03-22 06:16 pm (UTC)you're too kind but you know you didn't do that for me.
HAHS, the one and only. I'll be out soon and get you back on your feet.
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Date: 2013-03-22 06:22 pm (UTC)no subject
Date: 2013-03-22 05:54 pm (UTC)no subject
Date: 2013-03-22 05:59 pm (UTC)Restaurant will be closed by years end and WG are official done with America. No one from JYP will ever try that market again.
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Date: 2013-03-22 06:00 pm (UTC)no subject
Date: 2013-03-22 06:03 pm (UTC)I just remembered, weren't WG going to get a show on Nickelodeon after that movie :'D
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Date: 2013-03-22 06:18 pm (UTC)no subject
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Date: 2013-03-22 06:26 pm (UTC)no subject
Date: 2013-03-22 06:27 pm (UTC)no subject
Date: 2013-03-22 06:51 pm (UTC)But we can rest knowing he won't screw Miss A or any other group by trying that market again, since he clearly doesn't know how to do it.
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Date: 2013-03-22 08:56 pm (UTC)thank goddess for that
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Date: 2013-03-22 08:58 pm (UTC)no subject
Date: 2013-03-23 01:03 am (UTC)So i don't doubt in the groups potential but i don't trust the management.
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Date: 2013-03-22 07:13 pm (UTC)I'm guessing the WG's U.S. activities are done forever?
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Date: 2013-03-22 07:30 pm (UTC)I just hope this means they start making Miss A a priority and start actually using the group like they SHOULD be used; a DANCE group. I want CHOREOGRAPHY, I want BEATS, I want it ALL. JYPE, or whatever the fuck side-label they're on, wastes Miss A.
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Date: 2013-03-22 10:35 pm (UTC)and from the way that promotions are going for people, it looks like they hired someone without stars in their eyes and shit for brains to manage the company
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Date: 2013-03-22 10:41 pm (UTC)Just miss my girls so much /weeps
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Date: 2013-03-23 01:55 am (UTC)(what about G-Soul though wow)
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Date: 2013-03-23 04:17 am (UTC)