Half-year financial reports are out and netizens are talking about SM Entertainment, YG Entertainment, JYP Entertainment, and Big Hit Entertainment's operating profits in the first half of 2020.
On August 22nd, a post on a popular online community gained attention for comparing the top 4 entertainment labels' operating profits in the first half of this year. The original post simply listed the operating profits of these firms, which are as follows:
SM- 14.8 billion KRW (~ $12,418,764 USD)
YG- negative 300 million KRW (~ negative $251,731 USD)
JYP- 22.5 billion KRW (~$18,879,878 USD)
Big Hit- 49.7 billion KRW (~$ 41,703,553 USD)
Some of the comments are: "I hope YG continues to sink smh"
"Big Hit really had a 'big hit' this year. Please treat BTS well"
"I think YG artists are doing just fine. It's their organizational losses"
"GodWICE"
"YG has a lot of assets in its book. It's not going to go down anytime soon"
What do you think?
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All I can say is Bang PD knows what he is doing. In a year that will destroy most smaller k-pop companies, Big Hit is thriving. I mean, sales are up by 47% over same time last year. BTS obviously contributes a substantial portion of that. Having said that, this is not a year to wish ill on other entertainment companies. The idols with these cos don't deserve that. I hope something turns around for the other big three.
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