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SM and YG Entertainment record all time highest quarterly profits!

By yckim124   Friday, May 13, 2016   84,216   13,645   79
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Both SM and YG Entertainment have recorded their all time highest quarterly profits, this 1st quarter of 2016. 


According to reports by Herald POP, YGE gained a total of 9.4 billion KRW (~8.2 million USD) in operating profit for the 1st quarter of 2016. This is a 32.6% increase since last year, and the highest profit earned since the label's establishment in 1996. 


SM Entertainment's operation profit for the 1st quarter came out at 9 billion KRW (~7.7 million USD), a 139.8% increase since last year. 


SEE ALSO: Actor Shin Dong Wook opens up about his rare, incurable illness


In addition, SM Entertainment also marked its highest sales profit this 1st quarter of 2016 by earning a total of 90.5 billion KRW (~77 million USD). YG Entertainment's total sales profit reached 72.9 billion KRW (~61.6 million USD), an incredible 64.3% increase since the prior year. While SM Entertainment's sales profits were divided between  overseas market sales and SM C&C's drama production market sales, while YG Entertainment's focused on domestic and overseas market sales. 


Maybe the most surprising thing is, both labels can still go up from here! Congratulations, Lee Soo Man and Yang Hyun Suk!

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    Tags:

    1. misc.
    2. yg entertainment


    federick Saturday, May 14, 2016

    They should join Show Me the Real Money

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    Arachi Friday, May 13, 2016

    Hoping SM artists are actually seeing this raise on their pay check as well!

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    Kim_Powers Friday, May 13, 2016

    Well, just with Taeyeon SME are making money this First Quarter of 2016 with Digitals sales: Rain, Secret and  Jeju Blue Night got 6 million+ downloads and 46 million+ streams (GAON info) and the other SM Station song are making some money also, not at Taeyeon level but every cent counts :) Plus every single SNSD, EXO, SJ, RV, F(x) member are doing CFs, dramas, shows... and nothing is for free..............................Gaddess Taeyeon!!!

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    pseudonymousX Kim_Powers Friday, May 13, 2016

    gaddess !!!

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    Exo_Leia Friday, May 13, 2016

    I wonder how much it will go up when SNSD and Exo comeback... Hopefully F(x) too

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    Eva69 Exo_Leia Friday, May 13, 2016

    I think it would be a big hit for SM when Exo comes back this june :D Do u know Suju's ticket is sold out including Kyu's solo concert and upcoming SJ super camp. What a surprise even half of SJ still on military duty but Sj still can slay now thats why SJ is called The king of the kpop. Moreover SM town live concert will be held this years so wait SM's income will more increase a lot. Lol

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    Exo_Leia Eva69 Friday, May 13, 2016

    Wow that's really good! I know that they have a large fanbase, but I thought that the income wouldn't be as much do to them being on military duty. I'm so happy for them! And I'm sooo looking forward to SM town live concert, I'm waiting for an english song hahaha Thanks for the information! ^-^

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    Eva69 Exo_Leia Monday, May 16, 2016

    Yup SM and its artist will always slay, ur welcome. Me 2 very looking forward for SM town live. ;)

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    kokoro666 (Banned) Friday, May 13, 2016

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

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    Fan  kokoro666 (Banned) Friday, May 13, 2016

    Sn didn't sell a big amount of album. All of their 2016 comebacks flop.

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    kokoro666 (Banned) Fan Friday, May 13, 2016

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

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    SalimatouBaldeOh Friday, May 13, 2016

    SME gets their money from EXO.

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    Mira_jung SalimatouBaldeOh Friday, May 13, 2016

    Yeah thats why exo hasnt had a comeback idiot

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    SalimatouBaldeOh Mira_jung Saturday, May 14, 2016

    And Idiot, that's why EXO is making a comeback in JUNE and SME is taking their time on them to make more money. And, dumb-ass before you reply have you not seen how much money the EXO members movies have been making. So you may take this L. Without EXO SME is just like JYP makes OKAY and not as much. Without EXO YGE would have made more money than SME.

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    Fan Friday, May 13, 2016

    I don't know how SM overcome all of disasstera and I'm glad. They achieved this flop after flop this year, they didn't even released anything strong. I think other branches also doing good. Keep going. I'm so proud of you

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    Lynnbia Friday, May 13, 2016

    YG is doing well with only Winner's inachieved comeback , and Leehi (recently AKMU) i can't belive they did better without BIGBANG i guess YG really did use all the money they gained for IKON last year

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    shf_ren Lynnbia Friday, May 13, 2016

    Music is not YG's only profit resource.

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    Fan Lynnbia Friday, May 13, 2016

    Bigbang still has concerts and they're making most of the money from it.

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    Lynnbia shf_ren Friday, May 13, 2016

    i know but BB is supposed to be YG's money maker

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    Lynnbia Fan Friday, May 13, 2016

    yeah , now that you said it it totally makes sence

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    Natsumejy Lynnbia Friday, May 13, 2016

    But remember BigBang made their 'made japanese series' and it was well sold plus the final concerts in seoul and japan, plus the fanmeetings tour, that's a lot of money imo

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    shannnnt Lynnbia Friday, May 13, 2016

    Isn't this solely based on first quarter? Big Bang's comeback last year wasn't during the first quarter.

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    ALF Lynnbia Friday, May 13, 2016

    Much of that profit is the MADE tour Japan. And the fan meeting in China. And some millionaire CFs the BigBang and the GD. So yes, BigBang is the main responsible for this for profit YG.

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    mingkyjoey Lynnbia Friday, May 13, 2016

    IKON has been touring Asia with their iKoncert Tour like crazy, I'm sure thats a big part of YG's revenue plus BB's MADE tour

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    Lynnbia mingkyjoey Saturday, May 14, 2016

    In the end it's all about concerts :')

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    kaiasma Friday, May 13, 2016

    woah, wait till exo comes back 0_0

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    melenay Friday, May 13, 2016

    didn't leave lee soo man SM? I mean he isn't the CEO anymore right?

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    Lotus_Girl melenay Friday, May 13, 2016

    he is the owner of the company

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    MMelissa (Banned) melenay Friday, May 13, 2016

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

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    1Minoz melenay Friday, May 13, 2016

    He's the chairman who is the CEO's boss. He just doesn't manages his artists.

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    melenay Lotus_Girl Friday, May 13, 2016

    I know he is but I did read somewhere that he left after his wifes dead. I don't know what anymore.

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    Lotus_Girl melenay Friday, May 13, 2016

    Not been the CEO doesn't mean he isn't the owner anymore

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