YG signed a business agreement with Binance

More ways to milk Blackpink's brand power lol. No music, but here, have a shiny Blackpink NFT instead. It'll only cost you 2000 bucks.

Now all Big 4 companies have entered the NFT business

Interesting

interesting

Quote from selfmate

interesting

Jinx!

Quote from bunnyviolet

Jinx!

I'm not sure about where you are but growing up if one was jinxed then one couldn't speak unless the other person released them from the jinx and if you broke it then the other person could like punch you in the arm...(or at least that's what we had lol)

Quote from quarkie

"eco-friendly nft" just means "slightly less awful nft"

Honestly there's no stopping them at this point. Most companies across all sectors are embracing them. All we can do is point and laugh.

99.9% profit margin on $$$ jpg

who cares about reputation and energy consumption.

Ugh. I really need to update my 'YG Business and Info' thread.

I've been saving stories, articles and news for a few months, I just need to post them. I usually like to be comprehensive.

YG's business strategy of the last year to 2 years is this...

This is just the tip of it. YG has sold off YG Sports, YG Foods and Moonshot (YG cosmetics) increased their investments in existing businesses and their majority stake in YGPlus, which is on the verge of being the largest music and merch distributor in Korea. It's massive and I'll describe what it is at the bottom.

YG has been on an investing spree. (And when I say YG is investing, this is big YG and NOT YG Investments, which is a division of YGPlus).

If you think YG is just a music label...you'd be very wrong. They've invested in everything from an online concert platform (VenewLive) to vehicle rental companies and food delivery apps to NFT.

Basically YG is liquidating money-losing assets, and doing more investing in existing businesses With a few BIG notable exceptions:

YG and GMM (Thailands biggest entertainment company, home to GMMTV) created a subsidiary, which is a new entertainment company that's expected to do big things in Thailand and SEA.

And the big one...YN Culture & Space. YG and Naver's real estate development company. They've been making waves in the investment community by attracting HUGE investment. Billions of won.

They are building the largest SFX/VFX studio in Korea where online concerts, TV shows, movies and gaming will be held. Basically every entertainment company will be wanting to purchase time there and not just Korean companies. The pandemic Basically taught entertainment companies that their online presence (concerts) can be dynamic.

Here is what it'll look like. YG bought a bunch of land years ago and it'll be built there and finished within this year.

YG is also strengthening YGSTUDIOPLEX, its tv and film production company and YGStage, it's actor management company (not KPlus).

Also YG is turning YGX into a unique label that just has producers, dancers and models.

And...just my opinion...THEBLACKLABEL is preparing to go public. They are basically a mini-YG...they have artists, producers, actors and models...and yes, trainees. In November 2020 THEBLACKLABEL went from a subsidiary of YG to "associated company." Basically YG went from majority to minority owner. THEBLACKLABEL is going to get a gushing stream of money when they go public. I think YG will probably get preferred stock options...also Naver, considering their close relationship with YG, and Loren, the son of the founder of Naver, is an artist.

YGPlus is a publicly-traded subsidiary of YG. YGPlus does and has business in a lot of industries:

Music Distribution (digital & physical)

Merch Distribution

KPlus - Models & Actors (not to be confused with the actors signed to YGStage, which is directly under YGE)

VIBE (Music streaming service w/ Naver)

YG Ad (advertising company)

YG Investments

Quote from Blue2012

Ugh. I really need to update my 'YG Business and Info' thread.

I've been saving stories, articles and news for a few months, I just need to post them. I usually like to be comprehensive.

YG's business strategy of the last year to 2 years is this...

This is just the tip of it. YG has sold off YG Sports, YG Foods and Moonshot (YG cosmetics) increased their investments in existing businesses and their majority stake in YGPlus, which is on the verge of being the largest music and merch distributor in Korea. It's massive and I'll describe what it is at the bottom.

YG has been on an investing spree. (And when I say YG is investing, this is big YG and NOT YG Investments, which is a division of YGPlus).

If you think YG is just a music label...you'd be very wrong. They've invested in everything from an online concert platform (VenewLive) to vehicle rental companies and food delivery apps to NFT.

Basically YG is liquidating money-losing assets, and doing more investing in existing businesses With a few BIG notable exceptions:

YG and GMM (Thailands biggest entertainment company, home to GMMTV) created a subsidiary, which is a new entertainment company that's expected to do big things in Thailand and SEA.

And the big one...YN Culture & Space. YG and Naver's real estate development company. They've been making waves in the investment community by attracting HUGE investment. Billions of won.

They are building the largest SFX/VFX studio in Korea where online concerts, TV shows, movies and gaming will be held. Basically every entertainment company will be wanting to purchase time there and not just Korean companies. The pandemic Basically taught entertainment companies that their online presence (concerts) can be dynamic.

Here is what it'll look like. YG bought a bunch of land years ago and it'll be built there and finished within this year.

YG is also strengthening YGSTUDIOPLEX, its tv and film production company and YGStage, it's actor management company (not KPlus).

Also YG is turning YGX into a unique label that just has producers, dancers and models.

And...just my opinion...THEBLACKLABEL is preparing to go public. They are basically a mini-YG...they have artists, producers, actors and models...and yes, trainees. In November 2020 THEBLACKLABEL went from a subsidiary of YG to "associated company." Basically YG went from majority to minority owner. THEBLACKLABEL is going to get a gushing stream of money when they go public. I think YG will probably get preferred stock options...also Naver, considering their close relationship with YG, and Loren, the son of the founder of Naver, is an artist.

YGPlus is a publicly-traded subsidiary of YG. YGPlus does and has business in a lot of industries:

Music Distribution (digital & physical)

Merch Distribution

KPlus - Models & Actors (not to be confused with the actors signed to YGStage, which is directly under YGE)

VIBE (Music streaming service w/ Naver)

YG Ad (advertising company)

YG Investments

Display More

This was a great read, thank you for taking the time to explain YG's plans!

So we're probably getting shittier packaging from now on to "preserve the planet" while they're dumping money into NFTs and trying to sell it to us. Poetic

who asked for this??? Just release music....

Doing anything but music