Recently, the full gross sales and web income for every of HYBE Labels‘ subsidiaries was shared on-line, and the outcomes have many followers stunned.
While the businesses underneath HYBE that handle Okay-Pop artists are essentially the most well-known — akin to BIGHIT MUSIC, Pledis Entertainment, ADOR, and SOURCE MUSIC — they really have many different subsidiaries that target different areas akin to administration, gaming, and IT. In the report, there have been a complete of 17 subsidiaries listed, and shockingly, virtually twice as lots of them had a damaging web revenue in 2023 than people who had a optimistic one.
Of the 17 subsidiaries listed within the report, solely six of them made a optimistic web revenue in 2023:
- BIGHIT MUSIC: Total gross sales in 2023 have been 552.3 billion received ($407.3 million USD), whereas the web revenue was 140.3 billion received ($103.5 million USD)
- HYBE Japan: Total gross sales in 2023 have been 504.2 billion received ($371.8 million USD), whereas the web revenue was 49.8 billion received ($36.7 million USD)
- Pledis Entertainment: Total gross sales in 2023 have been 327.1 billion received ($241.2 million USD), whereas the web revenue was 60.2 billion received ($44.4 million USD)
- SOURCE MUSIC: Total gross sales in 2023 have been 61.1 billion received ($45.1 million USD), whereas the web revenue was 12.1 billion received ($8.9 million USD)
- ADOR: Total gross sales in 2023 have been 110.2 billion received ($81.3 million USD), whereas the web revenue was 26.5 billion received ($19.5 million USD)
- Weverse Japan: Total gross sales in 2023 have been 62.7 billion received ($46.2 million USD), whereas the web revenue was 4.5 billion received ($3.3 million USD)
The different 11 subsidiaries had a damaging web revenue over the course of the final 12 months:
- HYBE America: Total gross sales in 2023 have been 226.3 billion received ($166.9 million USD), whereas the web revenue was -142.4 billion received (-$105.0 million USD)
- Weverse Company: Total gross sales in 2023 have been 337.9 billion received ($249.2 million USD), whereas the web revenue was -4.4 billion received (-$3.2 million USD)
- HYBE UMG LLC (administration company): Total gross sales in 2023 have been 1.0 billion received ($737k USD), whereas the web revenue was -23.4 billion received (-$1.7 million USD)
- KOZ Entertainment: Total gross sales in 2023 have been 19.4 billion received ($14.3 million USD), whereas the web revenue was -7.4 billion received (-$5.5 million USD)
- HYBE Labels Japan: Total gross sales in 2023 have been 13.8 billion received ($10.2 million USD), whereas the web revenue was -8.7 billion received (-$6.4 million USD)
- HYBE Holdings (holding firm): Total gross sales in 2023 have been 1.0 billion received ($737k USD), whereas the web revenue was -8.2 billion received (-$6.0 million USD)
- HYBE IM (recreation software program growth and provide): Total gross sales in 2023 have been 30.8 billion received ($22.7 million USD), whereas the web revenue was -20.9 billion received (-$15.4 million USD)
- Weverse America: Total gross sales in 2023 have been 17.0 billion received ($12.5 million USD), whereas the web revenue was -1.9 billion received (-$1.4 million USD)
- Supertone (app software program growth and provide): Total gross sales in 2023 have been 2.3 billion received ($1.7 million USD), whereas the web revenue was -6.6 billion received (-$4.9 million USD)
- Binary Korea (system software program growth and provide): Total gross sales in 2023 have been 0 billion received, whereas the web revenue was -3.8 billion received (-$2.8 million USD)
- XING CAN SHENG SHI (administration company): Total gross sales in 2023 have been 3.0 billion received ($2.2 million USD), whereas the web revenue was -300 million received (-$221k USD)
When you mix the entire web income of 2023, the full HYBE web revenue for 2023 was 65.4 billion received (~$48.2 million USD). To put it into perspective, that’s solely about half of the full web revenue that BIGHIT MUSIC made alone in 2023.
Here’s how Korean netizens are reacting to this report.
- “There are just a few labels that make cash..??”
- “BIGHIT’s gross sales are virtually half.”
- “HYBE America…”
- “Look on the deficit of HYBE America, it’s not lined by BIGHIT’s earnings.”
- “Why are there so many ineffective corporations?”
- “When idols work arduous to make cash, they overlook about different issues.”
- “Why are they within the recreation enterprise?”
- “This is the No. 1 within the trade…?”
- “BTS nonetheless feeds you.”
International followers additionally appear to have related opinions concerning the stunning web income for every of HYBE’s subsidiaries in 2023.
Were you stunned by this report?
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Source: www.koreaboo.com