TBL finances ain't looking too good

    The Black Label Recruits Former Pearl Abyss Finance Expert as New CFO


    the relevant part...


    The Black Label has recently been expanding aggressively, making a growing mark in the K-pop industry. In addition to consistently signing new artists and launching an official merchandise store, the label debuted a new mixed-gender rookie group called “All Day Project” in June, generating buzz.


    However, this external growth has quickly destabilized the company’s financial structure. Significant funds have been funneled into acquiring IP and marketing new groups, severely affecting profitability. In the first half of this year alone, the company recorded a net loss of 15.6 billion KRW, nearly matching the total net loss for the entire previous year.


    With rising investments and declining profits, debt has surged. As of the end of June, The Black Label's total liabilities stood at 87.6 billion KRW, more than double the 42.6 billion KRW reported at the end of 2024.


    As of June, the company's total equity was negative 20 billion KRW, indicating a state of complete capital impairment. This highlights an urgent need to stabilize the financial structure through capital expansion. Even if an IPO does not take place immediately, the company is expected to seek funding through other means.


    [CFO Change]더블랙레이블, 조석우 전 펄어비스 CFO 영입
    더블랙레이블이 펄어비스 출신 재무 전문가를 최고재무책임자(CFO)로 영입했다. 사업 확장 국면에서 불안정해진 재무구조를 관리하는 동시에 향후 기업공개(IPO) 준비를 염두에 둔 포석으로 해석된다.29일 업계에 따르면 더블랙레이블은 올해 초 조석우 전 펄어비스 C...
    www.thebell.co.kr

  • AllKill VIP

    I mean it's obvious they need more brand deals, sponsorships, and companies or rich people investing into TBL.


    It's always the hardest and takes most of company budget to start and debut new group. And TBL launched MEOVV and ALLDAY PROJECT.


    We know music videos cost a lot these days probably at least 500k USD. But of course MV's with a bigger scale can cost much more than that. One of examples is I-DLE Super Lady which cost 820k. The more CGI and the more popular group those costs are probably skyrocketing fast, way above 1M USD.


    In same time album sales are going down overall. There is lots of groups which sales went down by 30-50% in comparison to previous releases which means there is too many groups on the market, and also that maybe some of fans after 'covid era boost' are now not as much interested in buying albums as they were in the past.

    Quote from keyboardwarrior7

    The main problem is their groups don't have good physical sales and aren't actively touring. They have more public recognition than an actual fanbase.


    Rosie and MEOVV are carrying the load of themselves, Somi, ADP, and Taeyang.


    TBL needs to stop with the whole mysterious schtick and start putting in the work.

    Not even Rose is enough...despite the success her album, TBL racked up a ~$12M net loss last year and a ~$12M net loss through the first 6 months of this year.

    i mean aren’t they fairly new? they’ve probably been dealing with losses of training everyone for a while and now they can really start to make money. yg was at a loss for a while, now they’re making baemon do that touring work hardcore

    They would have a lot more losses last year if it's not for rosé & taeyang tour.


    But they're still new and I'm kinda expected it.

    We will see if TBL will send ADP to a lot of event like somi.

    Events paid kinda nice from what I know.

    Except university festival, coz I heard the pay is not good

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