SM, YG, & JYP Entertainment earned a combined revenue of $150 million USD in 2010


It was recently revealed that Korea’s ‘Big 3′ music agencies – YG, SM, and JYP Entertainment – earned a combined revenue of $150 million USD in sales for 2010, a $50 million increase compared to 2009.

According to a report released by Financial Supervisory Service’s DART (Data Analysis, Retrieval and Transfer System) on March 30th, SM Entertainment declared that they had made $86,400,963 USD in sales in 2010. Compared to their total of $61,788,496 USD last year, the agency managed to increase their profits by $25 million USD in a year.

In 2009, their net profit during the term was recorded at $4.5 million USD. In 2010, the agency saw an increase by five times the amount, since they recorded a profit of $21.8 million USD.

In the same report made on April 12th for YG Entertainment, the agency recorded $44,772,895 USD in sales last year, with $9.8 million USD recorded in net profit during the term. Having recorded $35,693,365 million USD in 2009, the agency saw nearly a $10 million USD increase within a year. Their net profit also doubled from $4.1 million USD in 2009.

As for JYP Entertainment, the agency saw an increase from $10,163,540 USD in 2009 to double that of $21.6 million USD in 2010. The company was also previously reported to be at a deficit of $4.7 million USD in 2009, but recorded a net profit of $904,340 USD in 2010.

SM Entertainment also saw a sharp increase in their royalty income. After closing 2009 with $44.1 million USD, the agency made nearly a $20 million increase by recording $24.5 million USD this year. As for advertisement endorsements, the agency saw a $4.5 million USD increase from $21.1 million USD in 2009 to $25.6 million USD in 2010.

YG Entertainment’s endorsement income also increased from $6.9 million USD in 2009 to $10.4 million USD in 2010. Performance/concert income rose from $4.9 million USD to $6.3 million USD in 2010.

JYP Entertainment saw an increase in their album sales, which recorded at $1.3 million USD in 2009, and jumped to $2.3 million USD in 2010. In contents sales, the agency recorded an even bigger jump with $2.1 million USD in 2009, and finally $5.5 million USD in 2010.

Source: allkpop
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About asia4you

Hey guys I'm Maya(Maryam,Maria) and I'm living in Germany but I was born in Asia.(Y) ..=D .. please..please..please leave comments I want to know, if you like my posts.
This entry was posted in 2AM, 2NE1, 2PM, After School, B2st, Big Bang, C.N. Blue, F.T. Isand, Girl generation, Girl's Day, Jay Park, JYJ, K-PoP, KARA, Miss A, Se7en, SHINee, SS501, Super Junior, T-ara, Teen Top, TVXQ, U-Kiss, VNT, Wonder Girls. Bookmark the permalink.

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