3:35 pm - 11/16/2012

YG Entertainment making bank, expect more GD songs about being rich

YG Entertainment currently brought in more than 15 billion KRW (approximately 13.8 million USD) so far this year.

The amount includes the profits brought in by artists active in 2012 such as  Se7en, Big Bang, G-Dragon, PSY, and 2NE1, but because it has currently only counted up to September of this year, additional profits from Psy, Epik High and Lee Hi will be added on later. With the new earnings counted later for the fourth quarter, the total is expected to jump even more. The 15 billion KRW estimate is about a 17% increase from last year’s 12.8 billion KRW (approximately 11.8 million USD) revealed during the same quarter.

Experts are expecting a large profit from Psy, who recently has won or will win awards at the MTV EMA and AMA, as well as from Epik High and the ‘monster rookie’ Lee Hi, who is continuing to dominate music charts.

This doesn't even include the alive tour. $420,000 for the sold out 1400 person VIP section alone.

Source: allkpop & nate

love_keiko 16th-Nov-2012 09:00 pm (UTC)
the ALIVE tour is doing REALLY REALLY well. i hope this means we'll get another world tour out of them---and soon.
mizzyoung 16th-Nov-2012 09:17 pm (UTC)
THIS
I need them to come back ;_;
djlancerock 16th-Nov-2012 09:05 pm (UTC)
surely this will inspire some more awesome music about how rich and cool they all are, can't wait!
burger 16th-Nov-2012 09:11 pm (UTC)
lmao
minho_lover 16th-Nov-2012 09:19 pm (UTC)
Proves how bomb YG entertainment is!
Lol @ gif.
ashiva 16th-Nov-2012 09:23 pm (UTC)
I really wonder what kind of deal YG has with Livenation as their profit from Big Bang's tour will depend on it.

Also I wonder if YG stock will drop with this news item as 70% increase in SM's profit was too little for analysts.

Edited at 2012-11-16 09:33 pm (UTC)
rinn1e 16th-Nov-2012 09:40 pm (UTC)
I think SME problem, was that they hyped themselves up a lot last year, SNSD international ventures, being on US shows, etc etc. but then disappear this year in terms of presence. While YGE didn't really hype it, they really have Psy that is making wave in international water, BB tour. I think, for analysts, they were kind of unexpected of YGE to strike gold this year, with Psy. Last year, or earlier this year, they were afraid of YGE in the open market because of how little acts they have. For YGE, when they see the profits, it'll go back up.

Also, I read that SME didn't give out a warning for analysts that their expectations were too high. Thus created a dominoes effect. Something that all big corp should do? Even Apple gives out warnings regarding their profits with analysts' high expectations.
soramai 16th-Nov-2012 09:27 pm (UTC)
lmao your title OP.

Edited at 2012-11-16 09:27 pm (UTC)
flumes 16th-Nov-2012 09:30 pm (UTC)
when are they/he going to disband

Edited at 2012-11-16 09:30 pm (UTC)
kiminikaeru 16th-Nov-2012 09:46 pm (UTC)
too bad everything they've released this year except for blue and 1234 was shit
fantaesticbaby 16th-Nov-2012 09:57 pm (UTC)
I'm pleased for the company as a whole but I'm still unhappy about how 2NE1 has been shafted this entire year.
Even if 2NE1 didn't comeback as a whole I would have loved some CL/Minzy solo promos :(
miwa201 16th-Nov-2012 10:19 pm (UTC)
Girl. Last year when YG updated their artists' photos there was a shot of just CL and Minzy and I got my hopes up they were going to release an album like GD&TOP. :(
xxmannequin 16th-Nov-2012 10:08 pm (UTC)
I was wondering this for some time now ~ but does anyone know what happened to that ~ *supposedly finished track* ~ G-dragon did with Ludacris?
There were news about it months before GD's comeback and it was never mentioned again.
odd_fish_stick 16th-Nov-2012 11:29 pm (UTC)
isn't GD supposed to come back early next year? maybe it'll be done then. but then again people were debating he'll come back at all with his producing of the new group
reelrecnizereel 16th-Nov-2012 10:11 pm (UTC)
The title LML
asnindie 16th-Nov-2012 10:49 pm (UTC)
OP that title is scary.

Can we talk about YG stans becoming insufferable though. So bad right now.
anconeous 16th-Nov-2012 11:13 pm (UTC)
Haven't they always been insufferable?

/bricked by YG stans
odd_fish_stick 16th-Nov-2012 11:31 pm (UTC)
imo YG is getting shafted with PSY in N.A. scooter shouldn't get all the western profits
markthatcoin 17th-Nov-2012 12:19 pm (UTC)
Does he? Psy seems too business savvy to do something like that, to ~forget where he came from, even if he hasn't been on yg that long
hopelessheartz 17th-Nov-2012 04:53 am (UTC)
interesting...wish I could read all the netizen comments.
turdferguson 17th-Nov-2012 12:28 am (UTC)
i hope they see now that a YG family world tour is necessary
atelierlune 17th-Nov-2012 02:59 am (UTC)
I would put my life on hold for that.
phililen3 17th-Nov-2012 08:35 am (UTC)
YG is laughing right now...
markthatcoin 17th-Nov-2012 12:23 pm (UTC)
Lmao that gif killed me, sometimes I love the omona gif arsenal
b1gay4 17th-Nov-2012 05:30 pm (UTC)
yg is making money but part of me thinks yg is kind of blowing a bubble here?????
harmlessbondage 18th-Nov-2012 01:40 am (UTC)
definitely.
mjspice 18th-Nov-2012 05:27 am (UTC)
Get dat money.
miko_nyappy 19th-Nov-2012 01:57 am (UTC)
I'm still butthurt over 2ne1 getting shafted. Let's see an album already
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