YG Entertainment quarter 2 financials

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

Tags:
  1. KawaiiSamii

    KawaiiSamii Trendsetter

    Joined:
    May 18, 2016
    Messages:
    5,007
    Likes Received:
    10,821
    Currency:
    5,100
    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.
     
    choi_tan and gh05t like this.
  2. Joshy0714

    Joshy0714 Public Figure

    Joined:
    Dec 29, 2018
    Messages:
    2,862
    Likes Received:
    7,885
    Currency:
    2,800
    Occupation:
    YGE Stan ツ
    Location:
    L.A.
    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

    superblink Super Rookie

    Joined:
    Nov 19, 2018
    Messages:
    1,754
    Likes Received:
    7,720
    Currency:
    2,950
    Occupation:
    Lalisa's Man
    Location:
    Blackpink House
    imagine if yg didn't have blackpink :(
     
  4. superblink

    superblink Super Rookie

    Joined:
    Nov 19, 2018
    Messages:
    1,754
    Likes Received:
    7,720
    Currency:
    2,950
    Occupation:
    Lalisa's Man
    Location:
    Blackpink House
    LMAOOOOO
     
    Joshy0714 likes this.
  5. Lubby00

    Lubby00 Icon

    Joined:
    May 11, 2017
    Messages:
    22,775
    Likes Received:
    61,618
    Currency:
    10,000
    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
     
    ecinahs and choi_tan like this.
  6. ketchUp

    ketchUp Celebrity

    Joined:
    Dec 2, 2016
    Messages:
    3,680
    Likes Received:
    13,605
    Currency:
    3,600
    Location:
    MiChaeng


    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

    KawaiiSamii Trendsetter

    Joined:
    May 18, 2016
    Messages:
    5,007
    Likes Received:
    10,821
    Currency:
    5,100
    You're welcome sis lmao what kind of wack ass drag im-
     
  8. KawaiiSamii

    KawaiiSamii Trendsetter

    Joined:
    May 18, 2016
    Messages:
    5,007
    Likes Received:
    10,821
    Currency:
    5,100
    Tbh, BP is the face of the company. They need to be treated better
     
  9. MirajaneAlpha22

    MirajaneAlpha22 Super Rookie

    Joined:
    May 20, 2017
    Messages:
    1,869
    Likes Received:
    6,785
    Currency:
    1,800
    Location:
    My room
    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 Super Rookie

    Joined:
    Mar 8, 2019
    Messages:
    1,499
    Likes Received:
    4,096
    Currency:
    1,400
    Didn’t yg steal bp tour money lmao.
     
  11. bigbangteamb

    bigbangteamb Celebrity

    Joined:
    May 14, 2019
    Messages:
    3,057
    Likes Received:
    8,150
    Currency:
    3,000
    yikes fake concern everywhere:nervousk:
     
    HardcoreBLINK and Xoxo7 like this.
  12. Joshy0714

    Joshy0714 Public Figure

    Joined:
    Dec 29, 2018
    Messages:
    2,862
    Likes Received:
    7,885
    Currency:
    2,800
    Occupation:
    YGE Stan ツ
    Location:
    L.A.
    Thanks for your fake concern
     
    HardcoreBLINK likes this.
  13. LucyCollins

    LucyCollins Rookie

    Joined:
    Apr 4, 2019
    Messages:
    798
    Likes Received:
    1,523
    Currency:
    900
    I do not think they should rush a comeback tho...
     
  14. CABRITA

    CABRITA Newbie

    Joined:
    May 18, 2019
    Messages:
    138
    Likes Received:
    440
    Currency:
    100
    200k profit, 5M loss

    ByeG
     
    choi_tan and gh05t like this.
  15. choi_tan

    choi_tan Trainee

    Joined:
    Jun 4, 2019
    Messages:
    371
    Likes Received:
    634
    Currency:
    300
    hopefully SM will come buy YGE.
     
  16. lookinglass

    lookinglass Celebrity

    Joined:
    Dec 29, 2018
    Messages:
    3,427
    Likes Received:
    8,047
    Currency:
    3,400
    I’ve so much loss on this that I’m not even having any expectation...
     

Share This Page

  • Quick Links

    Open the Quick Navigation

  • Like us on Facebook