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Posted by heartfacee5 pts Tuesday, September 6, 2011

YG Entertainment surpasses SM Entertainment's mid-year profits for 2011

YG Entertainment�stunned the industry when it was revealed that they've surpassed SM Entertainment�in terms of sales for the first half of 2011! YG Entertainment is home to artists like 2NE1, Big Bang, and Psy, while SM Entertainment hosts artists likes�SNSD, Super Junior, and TVXQ. YG Entertainment has made 44,744,823,563�won (approximately $41,756,037 USD) from January 1st to June 30th. Meanwhile, SM Entertainment has made 40,592,465,358 won, which is approximately $37,867,691 USD, for that same period.�It's speculated that the profit leap for YG Entertainment came from GD&TOP's album, Seungri's solo activities, Big Bang's new album,�and 2NE1's latest mini-album and concerts. YG Entertainment maintained their sales numbers from last year; however, SM Entertainment made 6.9 million won less, since they recorded 47,527,869,269�won in the first half of 2010. YG Entertainment's net profit is said to be around $6,718,774 USD, while SM Entertainment's net profit is reported to be around $3,659,605 USD. Source: EDaily via Naver

  1. SM ENTERTAINMENT
  2. YG ENTERTAINMENT
  3. PROFITS
  4. PROFIT REPORTS
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