At the beginning of this month The Financial Supervisory Service (FSS) published their financial figures for the 2011 year and the first quarter of 2012. And their findings are pretty shocking….
SM Entertainment has come out on top. Their most recent quarter sales totaling a whopping 38.4 billion Won (roughly $32.6 million USD) are up from last year by 198.71%. As for YG Entertainment, they’re not looking as hot as they had hoped. Coming in with 17.8 billion Won (roughly $15.1 million USD), they are down from last year. And JYP Entertainment rounds out the top three, having earned 11 billion Won (roughly $9.4 million USD) over the 2011-early 2012 calendar year. They blamed lower sales on the fact that groups like 2PM, 2AM and Miss A are relegated to JYP proper’s subsidiary groups, like AQ Entertainment and former JYP artist Rain’s company J. Tune Entertainment.
But how do record sales fare in these figures? According to the Gaon charts (think Billboard or Oricon charts for Korea), J. Tune Entertainment, a JYP subsidiary, clinched the #1 spot in album sales for January of this year with 100% Ver by MBLAQ. February’s #1 album went to YG with Big Bang’s Alive, while SM dominated the rest of this quarter. (SHINee’s Sherlock in March, EXO’s MAMA in April, and Girls’ Generation TaeTiSeo’s Twinkle in May all finished out at #1.) But more kudos to SM Entertainment are necessary; the agency takes remains the leader in overall album sales throughout 2010 and 2011, with #1 spots held by Super Junior’s Bonamana and Girls’ Generation’s The Boys, respectively.
Now it’s not so hard to see why SM Entertainment’s in the lead is it? But then again, we certainly don’t know what the rest of this year will bring.
You heard it here first on MTV K.