gd4eva 705 Posted June 19, 2015 Share Posted June 19, 2015 A new system put into place by entertainment agencies will now allow artists to make an income as soon as they debut.Common practice among entertainment companies is to first make back the investment they put into debuting the idol. This situation is the basis for some artists such as EXID receiving paychecks long after their success.They first reach the BEP (Break Even Point) taking into consideration the training fees, recording, album production and marketing. For example, if all those processes cost the company 1 million dollars, the idol first has to make back 1 million dollars before getting an income.However, SM Entertainment takes the burden of production fees for their artists while JYP Entertainment takes care of album production fees. YG Entertainment thinks of training fees as an investment and does not expect to earn it back from the artists.Initiated by JYP Entertainment, artists from the “Big Three†will make an income as soon as they debut. This is true even if they do not reach the Break Even Point.---© YG United i dont know if this was posted or not but this is very good news indeed.good luck new idols. Link to comment Share on other sites More sharing options...
closed 1,186 Posted June 19, 2015 Share Posted June 19, 2015 angels Link to comment Share on other sites More sharing options...
Besmug 1,448 Posted June 19, 2015 Share Posted June 19, 2015 Will idols who debuted before this system benefit from this ? Link to comment Share on other sites More sharing options...
cnude 1,928 Posted June 19, 2015 Share Posted June 19, 2015 That's really good news for future idols. I wish other companies would do this too. Link to comment Share on other sites More sharing options...
footballfina 29,566 Posted June 19, 2015 Share Posted June 19, 2015 As long as its the young idols that ultimately benefit, I'm fine with these changes~ Link to comment Share on other sites More sharing options...
Senbonzakura 390 Posted June 19, 2015 Share Posted June 19, 2015 EXO already said this was the case anyway right?? Link to comment Share on other sites More sharing options...
gd4eva 705 Posted June 19, 2015 Author Share Posted June 19, 2015 Will idols who debuted before this system benefit from this ? since this wasn't official news by some lawyer or something the exact details i dont know yet but i think that would be the case. Link to comment Share on other sites More sharing options...
Lassy 124 Posted June 19, 2015 Share Posted June 19, 2015 That's really good news for future idols. I wish other companies would do this too. Link to comment Share on other sites More sharing options...
Cleym 1,176 Posted June 19, 2015 Share Posted June 19, 2015 This is good news tbh! Link to comment Share on other sites More sharing options...
Sa1zo 3,534 Posted June 19, 2015 Share Posted June 19, 2015 Didn't BoA say on her Win Win episode that she got paid like 50 000 USD after she finished recording of her debut album. She bought a new cell phone and gave rest of that to her parents which is understandable since she was only 13yo. Link to comment Share on other sites More sharing options...
CherryGoyangi 788 Posted June 19, 2015 Share Posted June 19, 2015 Very good news indeed Link to comment Share on other sites More sharing options...
AnonSone 30,138 Posted June 19, 2015 Share Posted June 19, 2015 It already posted before but it is good to share it again. Link to comment Share on other sites More sharing options...
Salieri 4,473 Posted June 19, 2015 Share Posted June 19, 2015 Initiated by JYP Entertainment, artists from the “Big Three†will make an income as soon as they debut. This is true even if they do not reach the Break Even Point. So your saying as soon as JYP debuts Twice. they;d be making a revenue compared to 'nugu' groups that are only making a loss for over 18 months before BEP even is reached Not a surprise but still not a shocker to be honest. Link to comment Share on other sites More sharing options...
goodsync 761 Posted June 19, 2015 Share Posted June 19, 2015 See TS entertainment that is how you should act,atleast pay some WON to you hardworking artist. If a agency can't provide any some decent minimum wages, than they should not be open for business. Link to comment Share on other sites More sharing options...
ErikaEGO 8,626 Posted June 19, 2015 Share Posted June 19, 2015 am I the only one who doesn't understand this process? Link to comment Share on other sites More sharing options...
Mel. 363 Posted June 19, 2015 Share Posted June 19, 2015 as they should be getting paid. it's insane to me that some artists/groups haven't gotten paid after 4+ years... that's ludicrous. Link to comment Share on other sites More sharing options...
kyum 2,459 Posted June 19, 2015 Share Posted June 19, 2015 aww thats good tbh! Link to comment Share on other sites More sharing options...
Do Kyung Cutie 325 Posted June 19, 2015 Share Posted June 19, 2015 Boa debut at 13????? Link to comment Share on other sites More sharing options...
ღChoco 2,864 Posted June 19, 2015 Share Posted June 19, 2015 I think I already heard about this, but it's really nice that they're getting paid right away. I feel like the big 3 already know they're going to get some sort of return on their idols, so I guess that makes it even easier to implement. Link to comment Share on other sites More sharing options...
Reiz 1,275 Posted June 19, 2015 Share Posted June 19, 2015 See TS entertainment that is how you should act,atleast pay some WON to you hardworking artist. If a agency can't provide any some decent minimum wages, than they should not be open for business. ^ I hope more companies could follow this way. If not, they better dont make new groups anymore Link to comment Share on other sites More sharing options...
sxrendipity 109 Posted June 19, 2015 Share Posted June 19, 2015 am I the only one who doesn't understand this process? I don't really get it either tbh. Link to comment Share on other sites More sharing options...
SleepingDragon 1,099 Posted June 19, 2015 Share Posted June 19, 2015 am I the only one who doesn't understand this process? It just means the newer big 3 groups will take longer to finish paying back their debts than their predecessors but they get to have income as soon as they debut. Most smaller companies cannot afford to use this system because of the risks of the groups failing. Link to comment Share on other sites More sharing options...
CandyCane23049 44,319 Posted June 19, 2015 Share Posted June 19, 2015 So your saying as soon as JYP debuts Twice. they;d be making a revenue compared to 'nugu' groups that are only making a loss for over 18 months before BEP even is reached Not a surprise but still not a shocker to be honest. Yup Kwon said on Happy Together in 2013 that JYPE had changed their system so GOT7 started making money as soon as they debuted too. Link to comment Share on other sites More sharing options...
Hmnccjkl 32 Posted June 20, 2015 Share Posted June 20, 2015 Yup Kwon said on Happy Together in 2013 that JYPE had changed their system so GOT7 started making money as soon as they debuted too.Oh I see that's why bambam can buying house for his mom Link to comment Share on other sites More sharing options...
dlover2005 1,310 Posted June 20, 2015 Share Posted June 20, 2015 In my opinion, it makes perfect sense. It is the company investment on these artists. They have to distribute the cost over the timeline and not expect to take the huge lump sum from the revenue generated by the artists. The artists need money for themselves and their family too. This is fair. Link to comment Share on other sites More sharing options...
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