Through a business conference held today, CEO Jung Wook of JYP Entertainment announced their intention of branching out into more areas outside of music.

"Until we became 'One JYP' with the merger of JYP Entertainment and JYP, we've been focusing on making good music and artist management... With the merger, starting from this year and on, we plan to branch out into performances, actor management, movies, musicals, drama production, as well as travel business," he said. 

This kind of move from the company has been expected for a while now as SME and YGE have all branched out into different areas already.

YG Entertainment has worked on getting into the field of animation and asian movie distribution, and also kicked off a 3D hologram project with Everland. SM Entertainment on the other hand has set foot in various productions, travel, and mobile businesses through SM C&C.

Reps from JYPE revealed their anticipation of venturing into travel as they said, "If you look at entertainment companies that have already started up a travel business, the sales from fan tours make up quite a big portion."

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[Update] - In more recent reports, it has been mentioned that in addition to branching out, the agency has also revealed that we can expect to see 3-4 new groups make their debut! It is said that 2 male groups and 1 female group are in preparation. One report also mentions that there is also plans for a male group that will be targeting the Japanese market composed of Japanese members.

Source: Newstomato via Nate (1), (2)

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