YG Entertainment quarter 2 financials

Discussion in 'K-POP' started by KawaiiSamii, Aug 12, 2019.

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  1. KawaiiSamii

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    https://entertain.v.daum.net/v/20190812181007404

    "YG announced on the 12th that its consolidated operating profit was tentatively estimated at KRW 210 million in the second quarter. Compared to the same period last year, it decreased by 84.4%. During the same period, revenue increased 24.5% to W78.25 billion, but net profit recorded a deficit of W6.4bn."

    Thats a measly 179K usd operating profit, and negative 5.25 million usd net profit. So now they have even less on hand to pay LVMH back.

    [Cross Post]

    Interesting statement though "Their oh-so-expensive-looking MVs were all funded on the backs of prostitutes, so I wonder how are they gonna pay for their artists' new content now"

    YG needs to get their shit together and figure out a way to make some money that isn't illegal. Now with them being investigated its the perfect time for them to start treating their artist right. Just a bit hard to do so when there isn't enough money to do so. Even if their tickets are 75 dollars and the venue is only at 60 - 70% capacity, BP's domes should be enough to fund a comeback for them. Not to mention the merch available. Hope YGE changes things before they end up hurting their own artist.
     
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  2. Joshy0714

    Joshy0714 Public Figure

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    They'l be fine, but thanks for your fake concern.
    Anticipate Blackpink's comeback & T13's debut
    Also possibly OT4 Bigbang..
    :cool::cool::cool:
     
    #2 Joshy0714, Aug 12, 2019
    Last edited: Aug 12, 2019
  3. superblink Married to @nebula351
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    imagine if yg didn't have blackpink :(
     
  4. superblink Married to @nebula351
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    LMAOOOOO
     
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  5. Lubby00

    Lubby00 Worldwide Star

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    For real, a lot of their income comes from doing stuff they got no business doing, when it could be made with actually promoting their acts
     
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  6. ketchUp

    ketchUp Trendsetter

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    200k operating profit, how they gonna pay 67m to LVMH.
    Something have to be liquidated.

    Edit:

     
    #6 ketchUp, Aug 12, 2019
    Last edited: Aug 13, 2019
  7. KawaiiSamii

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    You're welcome sis lmao what kind of wack ass drag im-
     
  8. KawaiiSamii

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    Tbh, BP is the face of the company. They need to be treated better
     
  9. MirajaneAlpha22

    MirajaneAlpha22 Super Rookie

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    although BLACKPINK is one of their newest group and the most promising one, they are not their only group. She can be concerned about a group, company or artist future without stanning them.
     
  10. ITZ_U

    ITZ_U Public Figure

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    Didn’t yg steal bp tour money lmao.
     
  11. bigbangteamb

    bigbangteamb Trendsetter

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    yikes fake concern everywhere:nervousk:
     
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  12. Joshy0714

    Joshy0714 Public Figure

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    Thanks for your fake concern
     
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  13. LucyCollins

    LucyCollins Rookie

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    I do not think they should rush a comeback tho...
     
  14. CABRITA

    CABRITA Newbie

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    200k profit, 5M loss

    ByeG
     
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  15. choi_tan

    choi_tan Trainee

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    hopefully SM will come buy YGE.
     
  16. lookinglass

    lookinglass Trendsetter

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    I’ve so much loss on this that I’m not even having any expectation...
     

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