YG Entertainment surpasses SM Entertainment's mid-year profits for 2011

YG Entertainment stunned the industry when it was revealed that they've surpassed SM Entertainment in terms of sales for the first half of 2011! YG Entertainment is home to artists like 2NE1, Big Bang, and Psy, while SM Entertainment hosts artists likes SNSD, Super Junior, and TVXQ. YG Entertainment has made 44,744,823,563 won (approximately $41,756,037 USD) from January 1st to June 30th. Meanwhile, SM Entertainment has made 40,592,465,358 won, which is approximately $37,867,691 USD, for that same period. It's speculated that the profit leap for YG Entertainment came from GD&TOP's album, Seungri's solo activities, Big Bang's new album, and 2NE1's latest mini-album and concerts. YG Entertainment maintained their sales numbers from last year; however, SM Entertainment made 6.9 million won less, since they recorded 47,527,869,269 won in the first half of 2010. YG Entertainment's net profit is said to be around $6,718,774 USD, while SM Entertainment's net profit is reported to be around $3,659,605 USD. Source: EDaily via Naver