According to Edaily Korea, SM Entertainment has reported that their first quarter 2009 revenue sales was 14,400,000,000 won (around $11,600,000 dollars). This was the best quarter in SM Entertainment's history and the good fortune is due to SNSD / Girls' Generation "Gee." Last year, SM Entertainment was in the red and reported losses (TVXQ record sales far outpaces SNSD however) for most of the year, but SNSD helped turned things around in 2009 and has put SM back in the black. With SHINee making their comeback very shortly, things are looking up once again at SM Entertainment. Lee Soo Man must be very happy.
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