SEOUL, Aug. 12 (Korea Bizwire) — South Korea’s major entertainment firms have posted mixed earnings reports for the second quarter, as the novel coronavirus pandemic has had a disproportionate impact on each sector. Studio Dragon, a drama production company owned by entertainment giant CJ ENM, seems to be the biggest winner for the April-June period, [...]
SEOUL, Nov. 19 (Korea Bizwire) — South Korea’s major entertainment agencies are expected to see improved earnings next year on growing album sales and global activities of their idol groups, analysts said Tuesday. SM Entertainment and JYP Entertainment, the two largest agencies by market capitalization, reported better-than-expected third-quarter earnings, and they are poised to deliver [...]
SEOUL, Apr. 11 (Korea Bizwire) — South Korean entertainment companies are expected to post solid profit growth this year despite fallouts caused by a scandal centered on a K-pop boy band member, a local market tracker said Thursday. According to forecasts by FnGuide Inc., the operating profits for the big three labels — SM Entertainment, [...]
SEOUL, Jul. 19 (Korea Bizwire) — South Korea’s seven leading entertainment companies said Thursday they will launch a joint venture to oversee the global distribution and management of their music videos. The seven entertainment firms — SM, YG, JYP, Big Hit, Mystic, FNC and Star Empire — signed an agreement to launch what is tentatively [...]