News Q3 results of the big 4 (2 Viewers)

[Moguri]

interesting JYP


HYBE:

• Revenue: $375.01 million
• Operating profit: $38.51 million
• Net profit: $994,728

SM:

• Revenue: $172.09 million
• Operating profit: $9.45 million
• Net profit: $11.37 million

JYP:

• Revenue: $121.14 million
• Operating profit: $34.39 million
• Net profit: $27.57 million

YG:

• Revenue: $59.33 million
• Operating profit: -$2.56 million (loss)
• Net profit: -$639,468 (loss)

Q3 results of 4 major K-pop entertainment companies – Pannkpop

pannkpop.com

 

[Selfmate]

it's interesting because does that mean the other companies are worse at managing their expenses

OR

is JYPE just being stingy and keeping more of the profit to the detriment of the artists and groups

 

[Moguri]

it's interesting because does that mean the other companies are worse at managing their expenses

OR

is JYPE just being stingy and keeping more of the profit to the detriment of the artists and groups

ofc you would say that as a competitor

 

[Selfmate]

ofc you would say that as a competitor

but it is a very valid question from a business perspective

 

[catonkatonk]

it's interesting because does that mean the other companies are worse at managing their expenses

OR

is JYPE just being stingy and keeping more of the profit to the detriment of the artists and groups

JYPE doesn't embezzle as much money or rent out LA mansions to host "paid appearances" by broadcast jockeys probably

I saw a while back that apparently HYBE pays the most to their employees in general, followed by JYPE, but I don't know if that's accurate.

JYPE is different from the other big three in that it is almost entirely a music-focused company. The others have acting divisions, distribution arms, tech platforms, etc. JYPE spun-off its acting division in the past and is only just now starting non-music agency again with Innit Entertainment (which is a wholly owned subsidiary). They basically focus on what is profitable for them (selling albums and concert tickets).
Even if you compare their overseas ventures to HYBE, JYPE works by partnering with companies abroad rather than doing everything from scratch. So while HYBE bears the cost of Katseye, JYPE does not bear the cost of Vcha. JYPE just focuses on the production.

HYBE has some very profitable divisions (Big Hit, Pledis, Ador) and others that burn money like there's no tomorrow (HYBE America, Weverse). I bet if you looked at Big Hit you'd see profit ratios similar (at least) to JYPE.

SM has a history of corruption. As you will be well aware, Lee Soo Man's main area of focus was embezzlement. His second area of focus was instilling a specific culture within the company (that culture being: embezzlement). So even with him gone, we're hearing about corruption amongst the executives. Like how they paid a ridiculous amount of money to acquire The Hub (the production company most associated with Nmixx), despite them rarely using The Hub for their own artists.

I don't think YGE did anything in the period covered? Their next report should be much healthier because Babymonster does numbers.

 

[RandAlThor]

seems like JYP is lean.

Hybe has too many international subsidiaries that are bleeding cash.

SM has more net than gross which sounds like accounting games :)

 

[Selfmate]

JYPE doesn't embezzle as much money or rent out LA mansions to host "paid appearances" by broadcast jockeys probably

I saw a while back that apparently HYBE pays the most to their employees in general, followed by JYPE, but I don't know if that's accurate.

JYPE is different from the other big three in that it is almost entirely a music-focused company. The others have acting divisions, distribution arms, tech platforms, etc. JYPE spun-off its acting division in the past and is only just now starting non-music agency again with Innit Entertainment (which is a wholly owned subsidiary). They basically focus on what is profitable for them (selling albums and concert tickets).
Even if you compare their overseas ventures to HYBE, JYPE works by partnering with companies abroad rather than doing everything from scratch. So while HYBE bears the cost of Katseye, JYPE does not bear the cost of Vcha. JYPE just focuses on the production.

HYBE has some very profitable divisions (Big Hit, Pledis, Ador) and others that burn money like there's no tomorrow (HYBE America, Weverse). I bet if you looked at Big Hit you'd see profit ratios similar (at least) to JYPE.

SM has a history of corruption. As you will be well aware, Lee Soo Man's main area of focus was embezzlement. His second area of focus was instilling a specific culture within the company (that culture being: embezzlement). So even with him gone, we're hearing about corruption amongst the executives. Like how they paid a ridiculous amount of money to acquire The Hub (the production company most associated with Nmixx), despite them rarely using The Hub for their own artists.

I don't think YGE did anything in the period covered? Their next report should be much healthier because Babymonster does numbers.

interesting

also I have never been convicted of embezzlement - how dare you slander my good name!!!

 

[catonkatonk]

interesting

also I have never been convicted of embezzlement - how dare you slander my good name!!!

Lee Soo Man was convicted! He got a prison sentence but was pardoned by the president

Remember That Time Lee Soo Man Was Wanted By INTERPOL? Here's Why

Lee Soo Man had previously been on the Interpol wanted list for corruption charges.

www.koreaboo.com

 

[Moguri]

JYPE doesn't embezzle as much money or rent out LA mansions to host "paid appearances" by broadcast jockeys probably

I saw a while back that apparently HYBE pays the most to their employees in general, followed by JYPE, but I don't know if that's accurate.

JYPE is different from the other big three in that it is almost entirely a music-focused company. The others have acting divisions, distribution arms, tech platforms, etc. JYPE spun-off its acting division in the past and is only just now starting non-music agency again with Innit Entertainment (which is a wholly owned subsidiary). They basically focus on what is profitable for them (selling albums and concert tickets).
Even if you compare their overseas ventures to HYBE, JYPE works by partnering with companies abroad rather than doing everything from scratch. So while HYBE bears the cost of Katseye, JYPE does not bear the cost of Vcha. JYPE just focuses on the production.

HYBE has some very profitable divisions (Big Hit, Pledis, Ador) and others that burn money like there's no tomorrow (HYBE America, Weverse). I bet if you looked at Big Hit you'd see profit ratios similar (at least) to JYPE.

SM has a history of corruption. As you will be well aware, Lee Soo Man's main area of focus was embezzlement. His second area of focus was instilling a specific culture within the company (that culture being: embezzlement). So even with him gone, we're hearing about corruption amongst the executives. Like how they paid a ridiculous amount of money to acquire The Hub (the production company most associated with Nmixx), despite them rarely using The Hub for their own artists.

I don't think YGE did anything in the period covered? Their next report should be much healthier because Babymonster does numbers.

Lee Soo Man was convicted! He got a prison sentence but was pardoned by the president

Remember That Time Lee Soo Man Was Wanted By INTERPOL? Here's Why

Lee Soo Man had previously been on the Interpol wanted list for corruption charges.

www.koreaboo.com

So selfmate lied to me all this time

It's great to see someone put him and his shady company into their (criminal) place

 

[Moguri]

but it is a very valid question from a business perspective

you are just making assumptions, we could make the same assumption about all other companies and just add that they are missmanaging their money in other places and that's why it's not as notable

 

[Selfmate]

you are just making assumptions, we could make the same assumption about all other companies and just add that they are missmanaging their money in other places and that's why it's not as notable

there's no assumption

I merely had a thought that was related to the topic

I distinctly said

"
it's interesting because does that mean the other companies are worse at managing their expenses

OR

is JYPE just being stingy and keeping more of the profit to the detriment of the artists and groups"

both are valid perspectives my friend

 

[Selfmate]

Lee Soo Man was convicted! He got a prison sentence but was pardoned by the president

Remember That Time Lee Soo Man Was Wanted By INTERPOL? Here's Why

Lee Soo Man had previously been on the Interpol wanted list for corruption charges.

www.koreaboo.com

shhhh!!!!

we don't talk about that

nothing to see here people - carry on!!!