BABYMONSTER has just debuted and is in danger of disbanding. YG reports its financials and fans are worried about bankruptcy

Fans of BabyMonster in particular and "big man" YG in general are like "sitting on fire", when according to the recent financial report, YG's figures are at risk of bankruptcy. The fate of the 7 newly debuted girls became extremely difficult.

Recently, YG Entertainment announced its financial report for the second quarter of 2024. Notably, recent profits have raised many speculations surrounding the activities of this entertainment empire. Specifically, from April to June, YG earned about 300 million KRW (approximately 5.5 billion VND).

YG's currently active artists include BABYMONSTER, Treasure and AKMU. Recently, WINNER member Seunghoon made a comeback with the solo album My Type. YG's 3rd generation male group plans to return after member Mino is discharged from the army.

Although still operating normally, netizens are concerned with the relatively low profit of 5.5 billion VND in a quarter - compared to the foundation of one of the 4 largest entertainment companies in Korea, YG is really facing difficulties. . Many people are even worried that this entertainment company is at risk of bankruptcy.

YG's decline became apparent after BLACKPINK members ended their individual contracts and established their own companies. Experts say that YG completely lost form during the time BLACKPINK suspended activities. With the current situation, it will take until 2025 for the global girl group to be able to arrange personal schedules to prepare group products. Besides, the fact that G-Dragon left YG at the end of last year was also a big blow.

Korean netizens' reaction:

- From the beginning, the current YG was not created by Yang Hyun Suk but by Teddy and BIGBANG.

- Honestly, without BLACKPINK, YG would be a mediocre company.

- Yang Hyun Suk ruined everything. Where are BABYMONSTER and what are they doing?

- YG will continue like this for a while longer. BABYMONSTER is still a rookie group and TREASURE, AKMU and WINNER are not groups that make a lot of money.

- I think YG needs to launch a rookie boy group soon.

- Do you think YG Entertainment is facing difficulties?

But overall, it will be very difficult for a strong empire like YG to go bankrupt. YG's market capitalization is 600 billion KRW (~434 million USD). The company can still stand firm even though it lacks a "trump card". A sudden decrease in revenue is only considered a "shock" that any business experiences.

In fact, YG is still regularly implementing the activities of its artists. Rookie BABYMONSTER proves his ability to tour with his first sold-out Asian tour. YG has a stable source of income even though it cannot achieve huge profits like in its heyday.

Not to mention, the record revenue of World Tour Born Pink is up to 331 million dollars. The profits from this are enough for YG to maintain its position as BIG4 Kpop. In addition, the 4 girls' commercial items still sell like hotcakes and are sold out regularly. The most special thing is the possibility of BLACKPINK's return.

The group is expected to make a comeback after the 4 members complete their individual activities this year. BLACKPINK releasing an album and going on a new tour will definitely be an "explosion" in the music industry. This has been guaranteed in the group's re-signed contract, so fans can completely trust BLACKPINK.

Previously, Korean media repeatedly expressed confusion, predicting that Baby Monster would not be released at the end of 2023, because YG was having trouble resolving contract issues with Blackpink. Just like the producer and former CEO Yang Hyun Suk had to appear in court, Baby Monster's schedule was affected.

Before debuting, Baby Monster was the most popular rookie group in Kpop, with many talented members and outstanding beauty. Baby Monster once set a record for the fastest Kpop girl group to reach 2 million YouTube channel subscriptions in history. The video of the song "Dream" performed by 7 members reached 52 million views after 3 months of release. In addition, Baby Monster also received great attention from international audiences as a multinational girl group (2 Japanese, 2 Thai, 3 Korean).

BABYMONSTER, BLACKPINK gặp nguy, sắp tái xuất nhưng YG lại lao dốc, thua lỗ nặng Gia Nhi21:32:27 31/07/2024Hai nhóm nhạc hàng đầu nhà YG là BabyMonster và BlackPink đang rục rịch cho sự trở lại, comeback hoành tráng chấn động Kpop. Tuy nhiên, phía đơn vị chủ quản là YG Entertainment lại đang gặp nhiều vấn đề, chứng khoán lao dốc.