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SM Entertainment Gains the Highest Album Sales among the 'Big 4' Companies in the 2nd Quarter of 2021

SM Entertainment Gains the Highest Album Sales among the 'Big 4' Companies in the 2nd Quarter of 2021
kpopstarz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kpopstarz.com Daily Mail and Mail on Sunday newspapers.

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BLACKPINK & TREASURE Can Produce Profit for YG Entertainment Alone, Researcher Reveals: 'YG is okay without BIGBANG'

The Korea Investment & Securities expressed their opinions regarding YG Entertainment, with the entertainment company expected to see good results due to its increase of sales volume centered on its new groups, with a target stock price of 60,000 won ($53.78).
On April 7, Park Ha Kyung, a researcher at Korea Investment & Securities, predicted that YG Entertainment s operating profit for this year is 33 billion won ($29.5 million), having a 206 percent increase from the same period last year.
In addition to the growth of their music business and the high-margin sales generated from various platforms due to their artists activities and active promotions this year, it has cleared up the company s deficits. ....

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BTS company Hybe looks onward, upward with Ithaca merger

BTS company Hybe looks onward, upward with Ithaca merger
Posted : 2021-04-06 16:08
Updated : 2021-04-06 17:04
In this Jan. 26, 2020, file photo, South Korean K-pop band BTS arrives for the 62nd annual Grammy Awards in Los Angeles. AP
Hybe, the K-pop powerhouse behind BTS, is set to cement its footing here and accelerate its overseas push with a billion-dollar deal to buy Scooter Braun s Ithaca Holdings.
In a surprise move, Hybe on Friday announced a plan to acquire a 100 percent stake in the U.S. media group in a US$1.05 billion deal that would bring together some of the world s biggest pop musicians ― BTS, Justin Bieber and Ariana Grande to name a few. ....

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Hybe: Analysts' positive outlooks on BTS' company's merge with Justin Bieber's agency Ithaca Holdings

Hybe is gearing up to take the world by acquiring the American company Ithaca Holdings. Many business analysts say this is also a move to diversify and lessen the company’s dependence on BTS, Hybe’s main source of income.
As per Korea Joongang Daily, 85% of the company’s revenue is generated from BTS, and this percentage already decreased since it acquired Pledis Entertainment. Still, everyone can see the seven-member group remained Hybe’s top-earner, and prior to having other groups in the company, the percentage was originally 97%.
Market reviews from analysts
Now, after the announcement of Hybe’s acquisition of Scooter Braun’s Ithaca Holdings, there was a mixed review from the market, but most were on a positive note. Firstly, many analysts said that the buyout would show good results over the longer term. ....

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