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JYP Entertainment liquidates its sub-label AQ Entertainment in charge of managing miss A and Baek Ah Yeon

By alim17   Monday, December 9, 2013   54,693   143   84

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On December 9, a rep from the business world of investment banking revealed that JYP Entertainment has decided to liquidate its sub-label, AQ Entertainment, at the the latter's meeting of shareholders.  Currently, JYP Entertainment is undergoing the liquidation process of AQ Entertainment, which is known for managing miss A and Baek Ah Yeon.  Only these two artists under JYP Entertainment were active under both JYP and AQ Entertainment.


The rep explained that AQ Entertainment was established in 2008 because at the time, JYP wanted to secure more diverse content and speed up the decision making process.  AQ Entertainment's sales and net profit in the first half of this year were 210 million won (~ $198,000 USD) and 15 million won (~ $14,000 USD) respectively.  JYP Entertainment explained, "The organization relied on AQ Entertainment to manage and make plans for miss A and Baek Ah Yeon's album, music video production, and music production."


SEE ALSO: JYP Entertainment and JYP merge + 2PM, 2AM, Wonder Girls, & JJ Project earnings for first half of 2013


After JYP Entertainment had merged with unlisted company (not listed on stock market exchange) JYP, it appeared that there was no need to separately manage a portion of the sub-labels, which may have led to the liquidation of AQ Entertainment.  JYP Entertainment may have acted upon the point that it became less effective to manage a company with a dispersed profit.


It was also revealed that J.Y. Park was the largest shareholder of JYP Entertainment, currently having a 18.08% stake in the company stock.  It was also revealed that LOEN Entertainment holds 7.19% of JYP Entertainment stock.  Although LOEN Entertainment held 25.45% of then private company and unlisted JYP, after the merger, LOEN's ownership stake was converted into stock into JYP Entertainment.  


It appears that after the liquidation of AQ Entertainment, miss A and Baek Ah Yeon will now be solely under JYP Entertainment.

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    Tags:

    1. miss A
    2. Baek Ah Yeon
    3. J.Y. Park
    4. jyp entertainment
    5. aq entertainment
    6. loen entertainment

    sant0 Thursday, December 12, 2013

    This makes sooo much sense, hope that the company now can right the ship...

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    SunnyNWonderful Tuesday, December 10, 2013

    I hope all these mergers will also mean better management of ALL JYP artists. I'm so tired of people joking JYP. The talent is there, there are fans behind them... it's a constant waiting game with JYP. YG stans always complain how their artists don't comeback enough, but we rarely see JYP artists because they never promote at the same time.

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    katiekraze Tuesday, December 10, 2013

    Good, AQ Ent. never made much sense, miss A is too good to not be directly under JYP Ent.

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    axalones Tuesday, December 10, 2013

    about time

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    newinst2310 Tuesday, December 10, 2013

    Loen holds quite a large number of stocks from JYP, I smell a merge :D

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    anna_sueweeties Monday, December 9, 2013

    Thanks AQE, especially Manager oppa for taking a good care of uri Miss A girls since debut ^_^ really appreciate it. Looking forward with JYPE full care & hope for a better future after this >_< by the way miss Manager oppa already <3

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    dc222 Monday, December 9, 2013

    This comment has been removed due to violation of our TOS. (Reason: spammer)

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    cjiang Monday, December 9, 2013

    I never saw the purpose of AQ anyway, hope JYP finally realizes what he needs to do and get his shit back together.

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    IU.Fanboy Monday, December 9, 2013

    JYP finally sick of trailing behind SM and YG. ;

    Now with this, means JYP have full control over their artists and are open to more profitable income. But also means more work and better management...

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    kevinkhhottest Monday, December 9, 2013

    Thanks god...! Ok now please bring 2AM back to JYP!!! Jebal ~~

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    daegustyle_ Tuesday, December 10, 2013

    there's no need for that if big hit manages them well. with 3 new groups debuting under jype next year, adding 2am would be too much.

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    kevinkhhottest Tuesday, December 10, 2013

    @daegustyle- Quite frankly i don't think Big Hit manage them well. :(

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