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SM Entertainment Reaches $185.2M In Q4 2024 Revenue, Boosted By Concert Tours & Merchandise

SM Entertainment, the South Korean entertainment giant behind K-pop groups like EXO, aespa, and SHINee, reported a 9% increase in its consolidated revenue for Q4 of 2024, reaching $185.2 million, compared to the same period last year. Fourth-quarter earnings The revenue boost was primarily attributed to a surge in concert income, increased merchandise and licensing…

February 10, 2025

Business

South Korea’s Eugenius Secures $3 Million From Abu Dhabi’s Shorooq To Bring K-Content To MENA

Eugenius, a Korean media company led by entertainment industry veteran Eugena Jung, has secured $3 million in funding from Shorooq, an Abu Dhabi-based alternative investments manager, to bring Korean content to the MENA region. New funding The cross-culture storytelling startup aims to release a range of TV programming such as a football variety show connecting…

January 13, 2025

Business

Kakao & SM Entertainment Partner With US label gamma. To Launch British Boy Band dearALICE

Kakao Entertainment and SM Entertainment have partnered strategically with the US label gamma. to launch the British boy band dearALICE. New partnership The global alliance will see the three companies support SM Entertainment's first all-male British act in its music activities and global launch, amid ongoing efforts to expand its global intellectual property portfolio.…

November 27, 2024

Business

Saudi Arabia, CJ Group Explore Cultural Collaboration

CJ Group Chairman Lee Jay-hyun revealed to have visited Saudi Arabia earlier this month at the Saudi government's invitation to discuss bilateral cooperation opportunities in various cultural sectors. Lee met with key government officials from the Ministry of Culture, the Ministry of Tourism and the General Entertainment Authority (GEA) to explore possibilities to partner…

September 25, 2024

Business

TWICE’s Agency Vows ‘Strongest Legal Action’ Against Deepfake Videos

JYP Entertainment, the behemoth behind K-pop acts like TWICE and Stray Kids, has vowed to take the "strongest legal action" against deepfake videos involving its artists. Strongest legal action' "This is a blatant violation of the law, and we are in the process of collecting all relevant evidence to pursue the strongest legal action…

August 31, 2024

Business

HYBE Inks 10-Year Deal With Universal Music Group

HYBE has inked an expanded 10-year agreement with Universal Music Group (UMG), providing exclusive distribution rights across the former's roster of artists and labels. Under the partnership, UMG will further collaborate with HYBE’s social-media app Weverse, to bring deeper connection between UMG artists and their fanbase “A partnership of this magnitude only comes together when…

March 27, 2024

Business Celebs

BLACKPINK’s Jisoo Establishes Label For Solo Work

Jisoo, a member of K-pop girl group BLACKPINK, has established a label for solo activities. Solo venture "I’m excited to share my new start with BLISSOO. Stay tuned for what’s to come, as I’m dedicated to bringing joy and happiness to each and every one of you," Jisoo said on social media. Transcending the…

February 21, 2024

Business Celebs

BLACKPINK’s Lisa Sets Up Own Company, To Join ‘The White Lotus’ Season 3 Cast

Lisa, known as one-fourth of the world's biggest girl group BLACKPINK, launched her own artist management company, called LLOUD. Management company The K-pop star announced on Instagram that her new venture is a platform through which she will be able to showcase her vision for music and entertainment, asking fans to join her journey "to…

February 13, 2024

Business Celebs

BLACKPINK’s Jennie Announces New Label For ‘Solo Journey’

Jennie, a member of girl group BLACKPINK, closed the year by announcing a new label called Odd ATELIER (AO) for solo activities. New label She took to Instagram to announce her new endeavor and included several black-and-white photos, which were also featured on the new company’s Instagram page. "This year was filled with…

December 24, 2023

Business Celebs

PENTAGON’s Kino Establishes Agency After CUBE Departure

PENTAGON's Kino has launched his solo career starting with setting up a one-person agency titled NAKED. The label revealed the logo along with photos themed around youth and freedom on its social media accounts. Images by NAKED/Twitter Kino is also gearing up for solo activities. He is set to hold a solo…

December 17, 2023

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