Why don’t more companies do survival shows?

Like YG, JYP did have survival shows but it’s more in the basement of the company. Big Hit spends $20 million on a mansion, IU, Zico, Rain,… and Enhypen debuts with preorders more than 300,000. Should every company gets their own show like that?

Not every company has resources, iland flopped in korea its hard to have a successful survival show.

It's hard to have a successful survival show. Only big4 companies (+mnet) can afford doing it and there to be guaranteed success. Many resources are needed for such things and smaller companies will be at loss because they will waste much more money on the creation of a survival show than they will gain from the group that forms through it.

Training in sm is already hard enough it's basically their own survival show.

Because you could argue only Iland and Sixteen were successful in ways.

Sure ratings wise in Korean both shows failed, they didn't really bring much general public attention but they were both successful on 2 similar things. They helped both build a fanbase.

In Twice's case a very small, but interested hardcore fandom of about 5k people and in Enhypens likely ten times that. So given that base they were both able to use that as a platform to push themselves further and further and we see results. Twice the biggest selling girl group in Korean history and Enhypen a million seller within a year.

The problem? Other shows failed. Mixnine was a failure, the show Winner came from didn't do anything for them, Idol School didn't do anything for Fromis-9 and the show Treasure came from was arguably a mixed success.

These shows cost a ton of money to make, even cheaper older ones like Sixteen. 20m for Iland is not something most companies can afford, even JYPE couldn't as Sixteen was paid for in part by Mnet.

I doubt YG has made back a satisfactory return on those shows as compared to just debuting groups willy nilly like everyone else.