You may enjoy the glitz and glamour of Kpop, but did you know that your favorite Kpop idols are supported by a powerful force? It is, indeed, their respective Kpop Entertainment Companies! All of these KPOP bands are ushering in a new era of success for the global music industry.
K-pop, the term itself defines its meaning ‘Korean popular music’. It’s a result of an experimentation of bringing just different kinds of music together and sort of bringing just different genres to modernize the Korean contemporary music. It is influenced by a variety of musical styles such as instrumental, R&B, rock, jazz, gospel, reggae, folk, and so on, and the main reason why every k-pop song has one or two English words is to appeal to youthful K-pop enthusiasts. This is the first thing we realize if we talk to K-pop companies.
They have been taking the global entertainment industry by storm. The main fact that you all need to stress is that many years of training fixed, kpop artists by various entertainment companies , many of them starting at the age of 13 .Hence, it’s fine to speak that these companies are the backbone of the artists and idols we all love. Kpop actually today rank at six worlwide music market.
As the artists work hard on the music , the entertainment companies also ensure that the name stays on top. Not only do they work hard, but they also make sure they stay ahead of the curve in sales , visibility, and earnings . According to statistics and research, the following are the top ten wealthiest cKpop companies. We decided to tell you about this companies because you should be aware of – read on to learn more about the companies that manage some of your favorite K-pop bands.
Big Hit, Entertainment (BTS’s house HYBE)
Bang Si-Hyuk, the founder of BIG HIT ENTERTAINMENT, founded the company in 2005. Many fans were confused by the alterations, but these misconceptions were quickly corrected. The company not only explained why the move was made, but also recounted the story of HYBE, which touched many people’s emotions. GROUPS ASSOCIATED WITH BIG HIT ENTERTAINMENT a. BANGTAN BOYS- RM, V,(2013-present)Suga, Jungkook, Park Ji-Min, Jin) b. TXT- Yeonjun, Soobin (2019-present). Beomgyu. Taehyun. Hueningkai.
According to sources, BIG HIT ENTERTAINMENT’s total sales revenue in 2020 was roughly 796 billion South Korean won. From 2016, when BTS was founded, there has been a 2,161 percent growth. BIG HIT, ENTERTAINMENT needed to get BTS as a big boost to reach greater heights. The company’s growth relies heavily on Bts.
SM Entertainment is South Korea’s first worldwide entertainment firm. SM Entertainment has the best vocalists, dancers, visuals, and not to mention their rappers are great too. It is one of the likely top kpop companies. Lee Soo-man started it, but it was already established in 1989 as SM Studio. When SM studio officially replaced to SM entertainment in 1995, this new method was in high gear.
A wave of K-pop stars have had their careers launched and popularised by the organisation.who have amassed massive global followings. Groupings of idols like NCT, TVXQ, SUPER JUNIOR, EXO, SHIee as well as solo artists and non-idol bands call it home. Even though this is a decline from th SM Entertainment’s global sales revenue in 2020 is expected to be around 580 billion South Korean won. Despite the fact that this is a decline from the previous year, it is the company’s first slump.
YG Entertainment was created by Yang Hyun-suk in 1996. In terms of a record label, a music production firm, a talent agency, a multinational entertainment organization, and other entities, many other areas, the South Korean enterprise set the bar high. It now houses idol groups such as BIG BANG, WINNER, and IKON, as well as a variety of non-idol groups and solo artists. BLACKPINK, who became the talk of the town, was also signed to YG ENTERTAINMENT.
YG Plus, a publicly traded company has a number of subsidiaries, there’s a cosmetics line, a clothes line, and a golf management agency among other things. In 2021, BLACKPINK and their solo acts sold roughly 21% of all music albums issued by female musicians in South Korea. YG Entertainment’s global sales income in 2020 is expected to be over 255 billion South Korean won. Aside from that, BIGBANG and 2NE1 elevated YG to the next level. Winners and IKON solidify YG as a label that produces self-made boybands. BLACKPINK salvaged YG’s career by reminding everyone of the amazing artists they had.
Read More: Top 10 BTS Songs Ranked
This is a popular South Korean kpop label. By simply playing music, it has taken over South Korea, Japan, and now other countries. Surprisingly, JYP is one-of-a-kind and distinctive. The entertainment organisation was previously known as FNC Music and only managed performers before changing its name to FNC Entertainment in 2012. The revenue collected for the year 2015 was $50.56 million. In 2016, it increased to $69 million, and in 2017, it was $93.99 million.
On August 29, 2006, Cube Entertainment was established. Cube Entertainment is a leading brand in scouting, training, and entertainment. Their ability to “self-compose and self-produce” is well-known. The latest information that startled everyone was when Cube’s creator, due to an ownership dispute, Hong Seung-Sung left the company in April 2020. Due to an ownership conflict, Cube’s creator, Hong Seung-Sung, departed the company in April 2020, which surprised everyone. There are some of the great artists which is managed by the firm.
Stone Music Entertainment is a subsidiary of CJ ENM’s Entertainment and Media Division and is based in South Korea. It was one of South Korea’s most important co-publishing companies. The business will continue to be a music distribution company. Many young and talented artists are managed by the company . It is artists and actresses such as Iz*One, X1, In2It, Heize Young. Stone Music Entertainment’s finalized net worth is not precisely known, but Net Worth Spot estimates it to be near $18.44 million. Stone Music Entertainment’s net worth may truly be higher than $18.44 million.
In 2006, South Korean firm FNC Entertainment established by the Sin and Han Seong-ho is a record producer. The label functions as a music production house, famous label, talent agency and many more. Before changing its name to FNC Entertainment in 2012, the entertainment company was known as FNC Music, and it only managed performers.
FNC Entertainment’s net worth estimates to be $300 million. It also represents entertainers Lee Se-young, Lee Guk-joo , Jeong Hyeong-don and Jeong Hyeong-don as well as actors Kim Yeon-seo, Lee Dong-gun, Jung Jin-young, Sung Hyuk, Park Gwang-hyun, Jung Hae-in and Kim Won-Hee.
Starship Entertainment, founded in 2008, is a South Korean entertainment firm. Is home to a number of well-known Soloists and groups from the Korean pop music scene. Cosmic Girls, Cravity and I’ve, as well as soloists like Jeong Se-woon, Kihyun, Jooyoung, I.M, Yoo Seung-woo, Brother Suare amongst them. STARSHIP Entertainment’s net worth estimated to be $60.8 million.
As we all know renowned, MBK entertainment was come to know to the audience in 2007. MBK Entertainment formely known as CORE CONTENT MEDIA. This company is doing things everyday to reach their goals. They are well establishes and surely want to gain more in future.
Pledis Entertainment, created by Han Sung-Soo in 2007, is a South Korean entertainment firm. Nana, an actress, and K-pop groups are signed to the label. Pledis Entertainment, created by Han Sung-Soo in 2007, is a South Korean entertainment firm. Nana, an actress, and K-pop groups are signed to the label. Hybe Corporation acquired a majority stake in Pledis Entertainment on May 25, 2020. Pledis Entertainment achieved 69 billion KRW in revenue in 2020, with a net profit 11 billion KRW, according to reports. Thus company made it’s own name in a tough period. There two members were there to pick this responsibilty to make this company the most successful one. Th best part is that they are on track and doing that everyday.