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IOI made over 8 million USD in the past year?

By beansss   11 days ago   61,146   9,181   105
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According to reports, IOI may be raking in over 10,000,000,000 KR₩ (approximately 8,400,000 USD) by the end of their promotions. 


The project girl group began officially promoting under the name IOI last April, and will be disbanding this January, after their domestic farewell concerts 'Time Slip - IOI' taking place from January 20-22. 


Insiders claim that IOI will be bringing in earnings from 10 endorsement models as a team, excluding deals signed by individual members. Revenues from these endorsement deals will result in about 2,500,000,000 KR₩ (approximately 2 million USD).


Moreover, insiders expect IOI's revenues from magazine pictorials to be around 30,000,000 KR₩ (approximately 25,000 USD). Earnings from IOI's music releases, including their debut song "Dream Girls", their unit song "Whatta Man", and their latest hit "Very Very Very", will amount to around 1,200,000,000 KR₩ (approximately 1 million U$D). 


Finally, IOI's estimated revenues from performances and events may be around 1,000,000,000 KR₩ (approximately 800,000 U$D). Insiders say that the sum of this, combined with the profit that the individual members likely earned through promotions in their respective groups, broadcast activities, and more, will definitely amount to over 10,000,000,000 KR₩. 


It's been revealed that IOI's earnings will be distributed as such: 25% will go to CJ E&M, the creator of 'Produce 101', 25% will go to YMC Entertainment, who was in charge of managing the group throughout the past year, and 50% will be distributed to the members and their labels. 


SEE ALSO: YMC talks about IOI's pending disbandment after their concert

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    3percenter 10 days ago

    The girls themselves will end up with squat after the shits-in-suit managers stuff their pockets.

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    krell 10 days ago

    I suspect that *not* in their 'wildest dreams' did CJ E&M Agency (MNET TV) expect to get $8 MILLION USD in this manner out of IOI Group. I am IMPRESSED !!!

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    Somethingnew 10 days ago

    So Somi and Sohye will come out with the most money. Because JYP artist don't have trainees debt and Sohye's father is companies ceo :D Somi and Sohye are rich. 380 k is a lot, especially when you are 16. I feel sorry for other members, they probably don't even see this money. Because they have to pay their own debts plus their group mates debts.

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    krell Somethingnew 10 days ago

    Yes, I too *wondered* about how MUCH of the MONEY would actually flow *directly* to the IOI members, so that they could *personally* keep it NOW. It seems *exploitative* that the PD101 TV Show did *not* openly PAY *all* the participants *some* money. I could also *wish* that some of the say 'finished' 20-100 contestants get *some* of this IOI Group money too. After all, the 20-100 'losers' did generate INTEREST in the IOI Group too.

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    beyondordinary Somethingnew 10 days ago

    sad reality, it may not be disposable income for most of them but that's true if you look at the bright side, the earnings lightens the debt load a bit.. I wonder how much $ really gets invested in trainees

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    krell beyondordinary 9 days ago

    Yes, in terms of how MUCH that an AGENCY *bills* for TRAINING and PROMOTION 'per hour' to the TRAINEES, one *does* wonder. It seems NOT like the TRAINEES have 'auditors' to determine IF their 'billings' from their AGENCY are reasonable or not. DAHEE (GLAM Group) was like $370,000 USD in DEBT to her AGENCY when her BLACKMAIL event took place involving LEE BYUNG HUN. One can *see* where a 'failed' K-pop Group member *might* be an 'easy target' for a 'SPONSOR' type situation involving 'sexual' favors.

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    beautiful_flower 10 days ago

    Then why they have to disband ? They are doing good as rookie sooo no need to disband ????? :::(

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    ChanelOberlin beautiful_flower 10 days ago

    it was meant to only last 1 year to gain popularity and the schedules wont fit every member, ETC. Cheyeon would have to promote, IOI, DIA, ACTING, Commercials and Reality shows...that wont work AT all. Same goes for other members who have their own group to promote...

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    JeffBenson ChanelOberlin 9 days ago

    These girls are insane workers ... I can't imaging being in TWO idol groups!!!

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    beautiful_flower 10 days ago

    Then why they have to disband ???

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    pablo27 beautiful_flower 10 days ago

    Because they are a project group... the date of disbandment was already set the moment they formed IOI...

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    samael 10 days ago

    biggest thing in this article is: and their labels, they probly wont see much of this themselves.

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    Funky_Angel 10 days ago

    They still have too much to offer to just disband like this

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    JeffBenson 10 days ago

    Its a pretty amazing sum of money when you think about it.

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    BakaKaori 10 days ago

    And how much of this will the girls see after their label gets their cut?

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    Alexgp 10 days ago

    Sohye is the real star of 2016 hahaha, she hit it big time!

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