aka YG’s first year without their biggest act, post Blackpink renewal and solo non-renwals.
|| || |Babymonster 2024 Asia & Japan Fanmeet|50K source| |AKMU 10th year annivesary in Seoul (2-days)|20K source| |2NE1 (2024 of Welcome Back Tour, total 220K)|60K source 1 & 2| |TREASURE (Reboot SEA-leg & Japan Wonderland Fanmeet|590K source| |Total|720K|
In 2024, out of YG Entertainment’s album sales of 2.03 million copies, Baby Monster (1.59 million copies) and Blackpink (230,000 copies) accounted for 90%. TREASURE had no major releases, except Japanese concert albums and 1 EP in Japanese. On the other hand, out of the YGE’s total 720,000 concertgoers, TREASURE accounted for 82% (590,000 people).
|| || ||2024|2023|2022|2021| |Album/DVD / Digital Content / MD/Goods|152 (42%)|197 (35%)|157 (40%)|$141 (40%)| |Concerts|17 (5%)|111 (20%)|23 (6%)|$2 (1%)| |Music Services|79 (22%)|89 (16%)|71 (18%)|$71 (20%)| |Advertising|35 (10%)|59 (10%)|67 (17%)|$52 (15%)| |Royalties|25 (7%)|46 (8%)|15 (4%)|$18 (5%)| |Appearance Fees|17 (5%)|17 (3%)|18 (5%)|$19 (5%)| |Others|40 (11%)|49 (9%)|41 (11%)|$51 (14%)| |Total|365 (100%)|569 (100%)|391 (100%)|$356 (100%)|
Notes/Thoughts:
- As YG holds the Blackpink IP, even though Blackpink (the IP, not individual members) was essentially inactive in 2024, the IP may still be contributing to some earnings.
- Comparing between 2021 (covid) and 2024, YG’s advertising revenue did not drop drastically, without holding exclusive contracts with the individual bp members.
- Although YG made a loss in 2024, the revenue remains similar to record-breaking 2023, a year which was basically just Treasure and Blackpink in terms of touring.
- In similar time frame, Born Pink Tour reported 1.8 million attendees. Treasure reported 700K for 3 different tours.
- Revenue is the focus here because it relies on expenses which a company can manage more than revenue which is more reliant on consumer sentiments.
- Earnings from YG Plus is parked under Music Services.
- Although touring is not the biggest income generator as commonly said, it is naunced as touring pushes a lot of merch sales, especially for boygroups.
Interesting Stats for reference.
https://www.reddit.com/r/kpopthoughts/comments/1hh3u7l/billboards_top_10_highest_grossing_kpop_tours_in/
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