Major music labels in South Korea BIG4 SM-JYP-HYPE-YG Announcement of income from Q1 2024 results

In South Korea's K-pop industry, there is a giant label that is widely known around the world, BIG4, which consists of leading labels SM Entertainment, JYP Entertainment, HYPE Corporation, and YG Entertainment. which is considered to be the music label of the industry's leading singers and artists in 2024. The announcement of BIG4's earnings results for the first quarter (Q1) of this year has attracted great interest from fans and sponsors. Very much around the world

As announced during this time South Korea's four major labels earned substantial revenue from operations and activities in the first quarter of 2024. In general, Record label earnings tend to increase in value based on the success of their artists and the maturation of the ever-expanding K-pop market.

In Q1 of 2024, JYP Entertainment BIG4 received the most revenue from the artists' continued successful operations throughout the period, earning 840 million baht (31.4 billion won) in profits, followed by SM Entertainment. Ranking next to JYP Entertainment, it earned 325 million baht (12.1 billion won) by encouraging a balance in monetization from artists and other works in the same report. Meanwhile, HYBE Corporation may have quite a hot topic right now. But it also earned a profit of 290 million baht (10.8 billion won) and YG Entertainment has operating results. Possibly less than that because the four Blackpink girls didn't renew their contracts, resulting in only 11 million baht (400 million won) in profit for YG Entertainment. We have to take a long look at whether Babymonster, which has just debuted and is about to have Fanmeets in many countries, will be a success or not.

The announcement of Q1 2024 earnings once again confirms that K-pop continues to be a growing industry and BIG4 continues to be an unwavering leader in earnings. Great and continuously successful in the world of music and entertainment.