THE BLUE BOX // UNITED CUBE OFFICIAL THREAD

[Belle.]

 

CUBE Entertainment Reportedly Suffers $4.8 Million Loss In 1st Half Of 2015

 

By Mickey Jamias | September 29, 2015 10:22 AM EDT

 

 

CUBE Entertainment has released the company's results for the first half of 2015, and posted a loss of 5.8 billion KRW or roughly $4.8 million USD, reports Koreaboo.

 

Observers were alarmed at the loss, which CUBE Entertainment partly attributed to their recent acquisition that led to a spike in costs relative to their revenues.

 

"It is because when we were acquiring a company, the cost of the acquisition was simply categorized as cost, in the first half of the year we were able to show a margin of 2.3 billion won but after the second acquisition, the margin increased to 3.5 billion," a representative from CUBE Entertainment reportedly said.

 

CUBE Entertainment says the acquisitions are part of their strategy to become a global entertainment company.

 

Still, despite the explanation of where the loss came from, some fans could not help but also put some blame on the costly promotions and comeback preparations made during the first half of the year, including those for CLC, BEAST and BTOB, A-Pink and 4Minute's HyunA.

 

In particular, rookie girl group CLC has received the brunt of the criticism.

 

"CUBE is in deficit for 5.8 billion won! The reason is because of CLC. They released three albums with no results," claimed one fan, according to Koreaboo.

 

There has been greater scrutiny over CUBE Entertainment's profit performance ever since the entertainment label became a publicly listed company on the Korea Exchange in April, joining the likes of other big agencies such as YG Entertainment, SM Entertainment, FNC Entertainment and JYP Entertainment.

 

http://www.kpopstarz.com/articles/244296/20150929/cube-entertainment-clc.htm

 

What is this? Is it serious?

[Belle.]

Trueee... i just wasted my time reading something like that

[Belle.]

In positive news. Cube seems to be on an up turn in profit.

 

 

 

Not sure what it says, but it seems that Cube's on an upward turn since the second half started with plans for Beast and 4minute to have several concerts in China.(May be wrong, google translate's not 100% reliable)

Hope so

We will wait and see

[Belle.]

Cube is gonna expand in Japan too so that's another investment.

Yes and after thinking about it for a while beast and hyuna comeback were after the half of the year .. it's like they invest in the comebacks and waiting for the revenues in the second half

Hope they expand and promote more

Edited September 30, 2015 by Beastgirl

[Belle.]

Cube female trainees on Produce 101

 

 

 

Click here to view the Tweet

 

And they received a support from their seniors ♡♡♡

 

 

[Belle.]

2016 5th cube Auditions

 

 

 

[Belle.]

Cube moving to another building???

 

What about the old one? What about cube cafe??????????

[Belle.]

Cube create IG account for their trainees

hyunseung was the first to comment

https://www.instagram.com/cube.tree/

[Belle.]

But GL produced Goodluckand Time which they are the biggest success for b2st, didn't they?

[Belle.]

omg im so sorry for my english. i mean beast would, might, may, could flop if it wasnt for GL. i didnt mean to say that Beast flopped i love them

yes Good Luck and Time did very well.

Lol it's ok, it happens,

Anyway hope theywill produce good album 2016

 

Talking about YeY maybe it didn't success as much as other songs

But seriously I watched and read some music analysis and yes they're genius, they were way in other level musically with YeY

And not forgetting Japanese singles

 

yoseob badge tho ♡

Edited March 2, 2016 by Beastgirl

[Belle.]

^^ of course Fiction & ORD made b2st image, that's why 2011 called b2st year

[Belle.]

It's not me too ,

 

 

 

@yeyseob

Of course I agree with you but still YeY is the face of the album which people judge with

[Belle.]

I can do it for you :p