Posts by Blue2012

Quote from anne_jay

And some people (especially in twitter and reddit) thought that Big Hit was buying YG lol

The main player here is Naver. YG has been linked with Naver for years and now seems like Naver got through to Big Hit as well especially with that 49% share in Weverse. Naver is the head boss in charge

It's more of a strategic partnership. Naver invested in YG 4 years ago, owns VIBE with YGPlus and now has a real estate development company with YG.

Now they've bought into partnerships with Big Hit.

Naver is just being smart here. They want to partner with who they see the most promise in and who can help them expand globally.

YG has been diversifying its business for years and now BH is.

It's not Naver trying to take over, but it doesn't stop uninformed people making conspiracy theories and try to make it seem like that, like of course they'll draw crazy conclusions about the Naver founder's son being a YG/TBL artist. But they all 3 enter into it because they see a benefit.

This seems like a transformative partnership that seems like it will be a huge monolith and pretty daunting for anyone that's going up against it or not a part of it. It seems like there's going to be huge announcements and projects in the future.

Also I don't expect Twitter to understand what a subsidiary is, much less understand what happened with YGPlus.

Big Hit and its subsidiary paid YGE $35 million for its stock in YGPlus. YG is still majority stakeholder in YGPlus.

Big Hit, Naver, and YG Entertainment will invest 70 billion won in Sangok-dong complex cultural convergence complex in Uijeong-si, Gyeonggi-do to build a concert hall with special effects studios.

YG Entertainment recently purchased 22,000m2 of land for tourism facilities in the complex with Uijeongbu Rhythm City Co., Ltd., a complex cultural fusion complex developer.

Big Hit, Naver, and YG are studios that can create performance contents here using special video effects (SFX) and special visual effects (VFX), and transmit them in real time through video-based social network services (SNS) such as YouTube. It is known that they are going to build.

Source

It was reported 2 weeks ago YG and Naver created a new real estate development company.

"YN Culture & Space" The Y standing for YG and the N for Naver. It is said that it will be for performance and entertainment venues. Here's the stated purpose ...

The purpose of the project is △Housing construction business and land development business △Real estate development business and real estate rental business △Sales and sales agency business △Real estate and real estate development business related consulting business △Studio rental and rental business △Performance planning and production work △Performance hall operation and operation agency △ It is listed on the corporate registration as a host of various events and cultural projects, sponsorship and event agency business, and entertainment related business.

YG & Naver Real Estate

So found out some more info.

As YGE is the largest stakeholder in YGPlus, Big Hit and its subsidiary paid YGE $35 million for a portion of their stock in YGPlus.

Although YGE is still the largest stakeholder in YGPlus still owning 35.97% of YGPlus stock after the sell.

Big Hit and its subsidiary owns 17%.

Big Hit also paid YG (Yang Hyunsuk) and his brother Yang Minsuk $13.4 million for their stocks in YGPlus.

YGPlus will be the distributor for albums and merch for Big Hit. That was stated in articles by Big Hit officials who clearly stated YGPlus' distribution network is powerful.

YGPlus does distribution for YGE. YGPlus also signed an agreement last year with THEBLACKLABEL. They also have agreements with other labels such as Katie Kim's label, Axis, which is owned by a former YG Creative director.

YGE has a 38% stake in YGPlus, Yang Hyun Suk and YG's brother Yang Minsuk each own about and 15% stake in YGPlus. G-Dragon and Taeyang also have large stakes in YGPlus. BH and its subsidiary will have about a 17% stake. So BH has a small place at the YGPlus table.

Also, YGPlus does more than distribution, they have clothing, cosmetics, YG Foods, they own VIBE with Naver, the modeling roster and Ad sales.

When people buy Big Hit albums there will be a YGPlus logo on it. YGPlus will also appear next to Big Hit albums on Gaon.

So if you buy a Big Hit album or merchandise, part of the sales is going to YGPlus.

Quote from ZestyMochi

All YG artists including Somi under TBL are technically under YG + because that's who distributes their music. The article states that artist apart of YG + will join and YGK + only has models so I doubt they're talking about them.

No they aren't. YG artists are under YG. YGPlus has agreements with YG, TBL, AXIS and now Big Hit for album and merch distribution.

TBL is a subsidiary of YG.

The OP was pretty succinct in explaining. YGPlus will be the distributor for albums and merch for Big Hit. That was stated in articles by Big Hit officials who clearly stated YGPlus' distribution network is powerful.

YGPlus does distribution for YGE. YGPlus also signed an agreement last year with THEBLACKLABEL. They also have agreements with other labels such as Katie Kim's label, Axis, which is owned by a former YG Creative director.

YGE has a 36% stake in YGPlus, Yang Hyun Suk and YG's brother Yang Minsuk each own about and 15% stake in YGPlus. G-Dragon and Taeyang also have large stakes in YGPlus. BH and its subsidiary will have about a 17% stake. So BH has a small place at the YGPlus table.

Also, YGPlus does more than distribution, they have clothing, cosmetics, YG Foods, they own VIBE with Naver, the modeling roster and Ad sales.

When people buy Big Hit albums there will be a YGPlus logo on it. YGPlus will also appear next to Big Hit albums on Gaon.

So if you buy a Big Hit album or merchandise, part of the sales is going to YGPlus.

Quote from WBSBGos

I think that there are enough studios for everyone. I don't think that everyone composes at the same time.

Here's my thread about it here Link

As you'll see YG has several subsidiaries in several buildings throughout Seoul. The new building had to be big to bring everyone under one roof.

The building contains:
14 floors
2nd floor full cafeteria

Basement sports/recreation zone
2 story auditorium
7 dance practice rooms
7 recording studios
30 music studios

We also learned on TREASURE's reality show, theres a Pho Restaurant and a self-checkout convenience store.

Several floors are underground.

They are renovating the old building as a fan area/store and making a tunnel from the new to the old building.

Quote from selfmate

If Winner renew this year then I have to give serious props to Hwang Bo Kyung the new CEO

Yeah, she's worked her way up in YG and has been there since YG's beginning. In fact, many of the YG subsidiaries that are successful are headed by female CEOs...YGKPlus, YG Japan and YG Foods.

I think it's very likely they will. Mino has always had good support from YG. I couldn't imagine Yoon would be doing his solo at around the same time his contract is up without the idea of renewing. Hoon is in the military, but he has always talked about YG being his dream, and like Dara at one time, Hoon has a staff role at YG in addition to being an artist. I think he will be a Creative Director at YG, which is a highly coveted role. He can also be a choreographer.

Like Yedam, Jinwoo has been at YG for more than half his life. When he debuted, he had been a trainee the longest out of all YG artists. Jinwoo is also the biggest YG Stan there is.

Anyway, I think it's likely all 3 groups renew.

Quote from sheryllee3

they are pure assholes to nugu companies though. Mix9 was such a mess

Actually what YG was asking for was asking less of them than what PD101 was asking the labels of their participants. And the other labels actually agreed to YG's terms, but Happy Face was the holdout and wrecked the whole thing.

So no, that's not correct.

Quote from eeddee

I think she meant that 5 years is long for renewed contract because many idols have renewed for 3 more years after their 1st contract ended.

YG has a history of letting artists out of contracts if they want. Taehyun was allowed out of his contract after YG and his parents thought it was best due to his mental health and anxiety. Idol life wasn't for him. And he wanted to try different things musically than what he was doing with WINNER.

CL was let out of her contract after just renewing in 2015-2016.

YG has never been sued by artists like some labels.

Quote from QueenMaknae27

5 years That's a long time

In the K-music world it isn't. SM used to have (still does?) 10 year contracts.

YG is known in the industry of having the fairest and most-lucrative contracts for artists.

It's why they have probably the most-impressive actor roster in the industry, one of the biggest actors in the industry just renewed with YG last week.

Actors are seen as more well-known and A-list than idols in Korea. So they have their pick of agencies.

Quote from selfmate

great for all parties

first BB now AKMU who's next up for renewal?

WINNER - 2021

iKON - 2022

BLACKPINK - 2023

Initial contracts are always 7 years at YG.

Chanhyuk said,

"YG reliably supported us in the past 7 years while SUHYUN never thought of leaving YG."

Suhyun said,

"We will stay until we retire from music."

YGE said,

"Although they are still young they are deeply thoughtful and very mature. All of YG's executives and employees were greatly moved by the news of AKMU's long-term renewal. We will not spare more support for AKMU in the future, and will do its best to help them grow as an artist. The long-term renewal of the contract is concluded based on the mutual trust relationship."

It's most likely a 5 year contract which follows the trend. Initial YG contracts are 7 years and renewals are 5 year.

This makes sense. With the new building and everything at YG they have enormous resources. Chanhyuk has written and produced for other YG artists lately and he has a good relationship with YG. He went to see YG when he had a rare break while serving in the marines.

Suhyun has a good relationship with lots of YG artists and actually a pretty big fan of other YG artists.

In short, they seem happy.

Per reports

wait so we're comparing revenue to profits? Weird.

Anyway, the 4th Quarter numbers still have to come out, but it's estimated YG and its subsidiaries had $270 million in revenue in 2020 and $350 million in 2019.

Everyone took a hit in 2020.

Yeah people were writing YG's obituary in 2019 and they came back and had their best year dominating the girl group and rookie categories.

Financial experts are predicting YG profit to go up 250% and market cap to triple to 3 trillion in 2021.

You can see here---> YG going up

And experts are already predicting TREASURE's Japanese debut is going to be huge. Perhaps the biggest in years.

But none of this is a surprise to anyone paying attention. YG's brand has always been strong especially internationally and in Asia.

And while Kpop fans will try to say it was damaged in Korea, it really wasn't. If you read the news and watch media, tv shows and varieties, YG's brand is highly regarded. YG just re-signed one of the biggest actors in Korea. And all of their subsidiaries are doing very well.

Another subsidiary just announced "YN Culture & Space" a real estate development they started with Naver will be another subsidiary gushing revenue.

Melon is just trying to stay relevant. Their platform is losing large numbers of users daily.

They see the Spotify monster on the horizon and they're scared to death.

Quote from drakan

They sold a million because they had 4 releases in those 5 months. Their sales per release is about average for a mid tier BG.

Yes and 4 releases in a short period of time usually sees a decrease in sales given the amount of money being asked of fans. TREASURE did the opposite, they actually INCREASED sales with each new release.

They've sold around 250k for the first 3 single albums and 300k for the full, which only included 3 new songs.

And no, that's not mid-tier. LOL.

The very first group that YG has actively perused fandom over public and physicals over charts just debuted 5 months ago... and they've already sold 1 million. I'd say that's a pretty scary prospect for going up against YG in the future.

Otherwise I wouldn't claim a victory over YG on physicals as they never focus on it. So it's a pretty empty victory because you're essentially claiming a victory over a rookie group and girl group who dominated their respective categories but newly debuted groups and girl groups aren't known for physicals.

Charts and digitals was always YG's strength and they rarely get beat. But they just shifted focus to physicals.

And YG is it's own distributor (YGPlus) and distributes for other labels. So they make more money on physicals than most labels who outsource distribution.

But as far as physicals, they only just started trying 5 months ago and they've already dominated and are #1 in rookie and girl group sales which is pretty remarkable.

Just shows when they try they usually win.

And they deserve every ounce of it.

It's so funny that there's a bunch of wealthy people running around in YG and that there's a YG artist that's a lot wealthier than any idol in the entire industry, and I'm not talking about GD. LOL.

But netizens are correct YG artists tend to be loaded and have a reputation in Korea of having a luxurious life. And they do have the best contracts. It's why YG has the best roster of A-list actors, who are generally viewed as more famous in Korea. They just re-signed Kang Dong won.

Quote from crystalblues

Who is the son?

Loren

Interesting. It was recently reported that YG and Naver have further gone into business with each other.

In addition to Naver having invested 50 billion Won into YG in 2017 and they both own VIBE music platform...

It was also reported last week that they have gone into real estate development with each other.

"YN Culture & Space" The Y standing for YG and the N for Naver. It is said that it will be for performance and entertainment venues. Here's the stated purpose ...

The purpose of the project is △Housing construction business and land development business △Real estate development business and real estate rental business △Sales and sales agency business △Real estate and real estate development business related consulting business △Studio rental and rental business △Performance planning and production work △Performance hall operation and operation agency △ It is listed on the corporate registration as a host of various events and cultural projects, sponsorship and event agency business, and entertainment related business.

It makes sense because YG just bought a massive amount of land for a cultural and VFX park.

Link

And let's be real. The Naver founder's son is a YG/THEBLACKLABEL artist.

It's the largest Korean Corp besides Samsung and LG. Doesn't hurt to partner with them.