JYP Entertainment
As Music Stocks Keep Slipping, This One K-Pop Company Is Bucking the Trend
South Korean music company SM Entertainment, home to such groups as NCT 127 and SuperM, stands apart in a competitive music business for withstanding stock market downturns that have hit all other publicly-traded music companies. Since December, stocks have been on a downward trend, sparked by the Federal Reserve’s intention to raise the federal funds rate to prevent the economy from overheating and rein in inflation. And while music is often said to be recession-proof, music companies’ stocks are not immune from larger economic trends and investors’ desires for safer options during chaotic times. Even though the global music industry is posting double-digit revenue growth, the share prices of publicly traded music companies have followed the broader trends and stumbled in the face ...
The Ledger: Buying Into the K-Pop Craze Just Got Less Risky for US Investors
The Ledger is a weekly newsletter about the economics of the music business sent to Billboard Pro subscribers. An abbreviated version of the newsletter is published online. An exchange-traded fund, or ETF, focused on Korean music started trading on the NYSE Arca exchange on Thursday, giving American investors a means to buy shares of companies that trade on exchanges in South Korea. But the ETF stands out for another reason: a bundle of K-pop stocks will carry less risk than standalone companies that rely on dozens of labels, each with a handful of top artists as well as deep catalogs. Trading under the aptly named ticker KPOP, the ETF includes the stocks of 30 corporations, including several music companies: HYBE, the home of K-pop megastars BTS and up-and-coming acts Tomorrow X Together ...
NAYEON Shares Her ‘Happy’ Reaction to New Billboard Chart Records: Exclusive
NAYEON‘s debut at No. 7 on the Billboard 200 with her solo effort didn’t just make her the first-ever K-pop star to enter the Top 10 of the main U.S. albums chart, but it landed the TWICE member a slew of record-setting achievements. For its first week out, IM NAYEON: The 1st Mini Album earned 57,000 equivalent album units, which marks the largest week of 2022 for any album by a woman or female-led group, as previously reported. Explore See latest videos, charts and news See latest videos, charts and news Of that sum, album sales comprise 52,000 units to make it the top-selling album of the week and debut at No. 1 on the Top Album Sales chart to make her the only K-pop soloist to start atop the chart to date. The “Pop!” star also earned another No. 1 on World Albums, making her the first f...
K-Pop Label JYP Entertainment Doing ‘Full-Scale’ Expansion Into US
One of K-pop’s biggest record labels is firmly planting its foot into the U.S. market in the latest move to indicate South Korean pop music is increasingly creating significant stateside business. JYP USA, the North American subsidiary of JYP Entertainment, will focus on the U.S. development of JYP’s roster, as part of a “full-scale North American market development and global expansion maximization” by the South Korean label, Billboard has learned. JYP Entertainment, one of South Korea’s publicly traded agencies, was founded in the late 1990s by musician-producer J.Y. Park, who created early breakout stars like Wonder Girls, the first K-pop act to enter the Hot 100 chart in 2009. The North American launch follows last month’s news that JYP’s strategic partnership with Republic Records wou...
