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

December 9, 2013 @ 11:44 am
by alim17
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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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sant0
· Posted December 12, 2013 @ 2:25 pm
This makes sooo much sense, hope that the company now can right the ship...
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SunnyNWonderful
· Posted December 10, 2013 @ 6:06 am

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
· Posted December 10, 2013 @ 2:13 am

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

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axalones
· Posted December 10, 2013 @ 1:13 am

about time

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newinst2310
· Posted December 10, 2013 @ 12:34 am

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

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anna_sueweeties
· Posted December 9, 2013 @ 11:11 pm

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
· Posted December 9, 2013 @ 11:06 pm
This comment has been removed due to violation of our TOS. (Reason: spammer)
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cjiang
· Posted December 9, 2013 @ 10:39 pm

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
· Posted December 9, 2013 @ 9:58 pm

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
· Posted December 9, 2013 @ 9:50 pm
Thanks god...! Ok now please bring 2AM back to JYP!!! Jebal ~~
daegustyle_
· Posted December 10, 2013 @ 12:25 am
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
· Posted December 10, 2013 @ 7:43 am
@daegustyle- Quite frankly i don't think Big Hit manage them well. :(
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kkochmuch
· Posted December 9, 2013 @ 9:35 pm

I'm loving this!! I always thought that JYP should not have a lot of subsidiaries bcoz it looks like they're also managed by jyp. but for the case of Big hit, i think they're being independent enough.. 

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june
· Posted December 9, 2013 @ 9:34 pm

that's a good news i really wonder why JYP let missA go under AQE even though he cares for them but now that missA is in JYPE they will be full time in care with JYP :)

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SNSD_godesses
· Posted December 9, 2013 @ 8:55 pm

Good for them so that they have the FULL support of JYPE.. 

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denn1sable
· Posted December 9, 2013 @ 8:11 pm

it's really ridiculous that jyp is even considered as competitive to yg and sm. their revenues and profits are so small in comparison. if they want to compete as part of a big 3 rivalry, jyp, cube and loen should merge since they already have a very close relationship anyway. then they should buy starship plus dsp or fnc before sm or yg gobbles them up.

ninguyen
· Posted December 9, 2013 @ 8:15 pm
Big company doesnt mean rich company but the company's artists are all successes
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SNSD_godesses
· Posted December 9, 2013 @ 8:53 pm
dumb biatch.. they called the big 3 not in terms of money they have but in terms of the "SUCCESS" the artists received.. gosh! there are so many kids nowadays..
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root4jypnation
· Posted December 9, 2013 @ 9:22 pm
I agree with all of the above.Jyp ent may not be the third company which the richest but all of them are loved and admitted by korean & people all over the world.Moreover,JYP create the trend of KPOP since RAIN,Wondergirls,2pm,etc.
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kkochmuch
· Posted December 9, 2013 @ 9:37 pm
they're not meaning to compete with yg and sm in terms that you are thinking. They are just organizing their company. dumbass >_<
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kevinkhhottest
· Posted December 10, 2013 @ 7:48 am
Big Company doesn't mean huge in term of financial perspective. It's about strong company image, reputation, goodwill and their product (artists). JYP is the first company who make kpop breakthrough the world globally back in time. Rain become worldstars, GOD first korean artist that sell album in millions numbers, WonderGirls make KPOP go worldwide and now 2pm, Miss A is one of KPOP strongest foothold in the industry and a true rival compare to YG and yeah SM somehow!
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totonguyen6
· Posted December 9, 2013 @ 7:51 pm

if Big Hit is under JYP, then is BTS under JYP? Since 2AM is then is BTS? 

totonguyen6
· Posted December 9, 2013 @ 7:52 pm
*Since 2AM is, then is BTS considered to be in JYP Nation?
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mizukana
· Posted December 9, 2013 @ 8:11 pm
Big Hit manages 2AM but is also it's own company. They have GLAM and BTS, which are it's own bands, which are not part of JYP Nation
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kkochmuch
· Posted December 9, 2013 @ 9:39 pm
2am is managed by both jyp and big hit. BTS is solely managed by big hit. but if you come to think of it, maybe the production or the money spend by big hit for BTS and GLAM are from JYPE also.
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daegustyle_
· Posted December 10, 2013 @ 12:26 am
big hit isnt under jyp, jyp only takes care of 2am with big hit, but big hit artists have nothing to do with jype.
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casby_arina
· Posted December 9, 2013 @ 6:58 pm

really miss the real JYP nation under JYP. Wonder Girls 2AM 2PM Miss A Joo JJ Project !!

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kkrazy
· Posted December 9, 2013 @ 6:28 pm

My condolences to miss A and Baek Ah Young on now being closer to micro management by JYP himself.

kkrazy
· Posted December 9, 2013 @ 6:30 pm
BUT, I do hope this means better overall management because I sort of feel that miss A and Baek Ah Young have been a little mismanaged... Need more exposure!!!
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kari_p
· Posted December 9, 2013 @ 6:17 pm

I think merging liquidating all those sub-companies is to manage their artists well.

They just need to liquidate Big Hit Entertainment and they will have all artists fully on JYP. However i wonder how J. Tunes will work since Rain was the CEO and now its Mir's brother but its a branch of JYP. 

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dseg30
· Posted December 9, 2013 @ 5:38 pm

The whole thing is confusing...

kkochmuch
· Posted December 9, 2013 @ 9:41 pm
AQ Ent. is a subcompany of JYPe. Now, they are in process of vanishing AQ and the artists therein will be managed by JYPE solely.
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babyblackjack
· Posted December 9, 2013 @ 5:16 pm

Idek with JYP anymore, like is it even right to say that their artists are under JYP bcuz I mean they're basically managed by different sub-labels with other artists who aren't even recognized as part of the "JYP Nation".