United Kingdom
It has just been recently since a review at the financial health of the three major entertainment agencies was seen. It seems like a good time to check how these agencies are doing in 2014. In May 2014, SM Entertainment (KOSDAQ: 041510), YG Entertainment (KOSDAQ: 122870) and JYP Entertainment (KOSDAQ: 035900) posted their 1st quarter financial results (For the period 01/01/2014 to 31/03/2014).
The results have been quite interesting to see and there is a lot of information to check so here is a summary of all the information:
~Total combined sales for first quarter 2014 from the three agencies was approximately US$106 million, making it a US$33 million increase when compared to last year
~SM Entertainment’s total sales revenue was extimated US$60.19 million, operating profit was approximately US$4.27 million and net profit was estimated US$2.59 million
~YG Entertainment's total sales revenue of estimated US$39.5 million while operating profit was approximately US$7.4 million, with net profit being estimated US$5.2 million
~JYP Entertainment have a total sales revenue of approximately USD$6.79 million, with operating income at approximately US$298,000 and net profit also in the positive at approximately US$843,000
~All three agencies posted percentage increases in total sales Year over Year, while both YG and JYP saw percentages increases for operating profit and net profit
~YG Entertainment broke their previous first quarter records, which helped by the success of 2NE1
~While, JYP Entertainment has manage to post positive operating profit due to their merger last year
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