Blackpink earns a lot of money but still gets left out by YG, Baby Monster juniors who haven't debuted have been pampered

Recently, the global girl group BlackPink broke the world record when earning 78.5 million USD in just 26 concerts. The group has helped the management company YG Entertainment achieve huge profits.

BlackPink is still YG Entertainment's "golden egg"

According to Newsis, the revenue and profit of the first quarter of 2023 of YG Entertainment reached 157.5 billion won (more than 2,750 billion VND) and 36.5 billion won (638 billion VND), respectively.

Revenue and profit increased by 108.6% and 497.6% respectively over the same period last year. This achievement far exceeded market expectations.

The company's stock value also hit a 52-week high. Statistics of Korea Exchange show that, as of 9:35 a.m. on May 12, YG Entertainment is trading shares at 75,600 won (more than 1.3 million dong), an increase of 8,900 won (nearly 156,000 dong), an increase of 13.34 % from the previous day's trading level.

Explaining this impressive growth, market researcher Park Soo-young shared on Newsis that this impressive achievement of YG is thanks to the skyrocketing value of the group BlackPink.

"BlackPink's large concert revenue from last year has been recorded, and the group's standard salary for each show has increased significantly compared to the fourth quarter. This can be seen as the main reason for the effective performance. the company's peak performance," said Park Soo-young.

Researcher Lee Seon-hwa further emphasized, "With BlackPink's 14 world tours and 10 Asia/Japan tours in the first quarter, the revenue growth was centered on concerts. still continue".

According to Touring Data, BlackPink's Born Pink world tour is currently the highest-grossing tour of all time among girl groups.

This record was previously held by the legendary British girl group - Spice Girls with Spice World tour (2019), revenue of 78.3 million USD (nearly 1,840 billion VND), with 697,357 attendees.

Meanwhile, only the first 26 shows, YG's girl group sold about 366,000 tickets, earning a revenue of 78.5 million USD.

It is predicted that the total revenue from the concert will increase even more when BlackPink has extended the tour until the end of 2023. The group has more than 10 concerts in big cities such as: Melbourne, Sydney, Auckland, New Jersey, Las Vegas, San Francisco, Los Angeles...

YG started neglecting Blackpink because of the "new chick"?

On the evening of May 11, former YG Entertainment President Yang Hyun Suk posted a video announcing the selection results of rookie girl group Baby Monster on the group's official YouTube channel.

Late last year, YG announced, the company will have a new girl group coming soon, after 7 years since Blackpink (2016). The group was initially introduced with 7 people of Korean, Japanese, and Thai nationalities.

However, since March 3022, Baby Monster has to enter the final qualifying round, Yang Hyun Suk said, he only intends to form a 5-member group, instead of 7.

After 2 months of competition, all 7 trainees showed their own abilities and personalities and received positive feedback from the audience. The group has many trainees who are evaluated as talented as seniors Blackpink.

In the video announcing the final selection results, Yang Hyun Suk initially selected 5 people including 2 Korean trainees Ahyeon and Haram, 2 Thai trainees Pharita and Chiquita, and 1 Japanese trainee Ruka.

However, then, the former President of YG decided to let the remaining 2 trainees Rora (Korea) and Asa (Japan) debut together, because the 7-member group received enthusiastic support from fans. during the past 2 months.

Talking about the reason for not choosing Rora for Baby Monster's first debut lineup, Yang Hyun Suk shared, "I didn't choose Rora at first because she was too young and YG was also preparing to debut some groups. another girl is coming. YG has many other trainees. And to be honest, I want to choose her as the main vocalist in that group."

About Japanese trainee Asa, Yang Hyun Suk said, "Asa has been a trainee for 4 years and 9 months. She comes from Japan and can only rap. But I was surprised to see her improve like that, can sing and perform like an almighty idol, so I give her high marks.

However, Yang Hyun Suk took 2 weeks of consideration and hesitation because too many fans (up to 98-99%) wanted Baby Monster to work with all 7 people.

Yang Hyun Suk has not talked about when Baby Monster will release his first music product. However, he promised to try to get the group to debut as soon as possible.

Although not yet active, Baby Monster has made a splash. Recently, Baby Monster set a record, becoming the fastest K-pop girl group to reach 2 million YouTube channel subscribers in history.

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