SM, JYP, YG financial revenue numbers - 3rd quarter 2019

[Jollux]

3 hours ago, Timur Sharapov said:

I guess I know what SM spend money for.

SM owns artists. But some work (or may be the most part of the work) related to their activity is done by side company (SM's private company). 

 

Let's say JYP's revenue is 45B, SM's one is almost 4 time bigger.

JYP's operating expenses are around 30B, and SM's one could be around 120B. 

So meanwhile JYP's operating profit is ~15B, SM's op.profit could be smth like 53B (173B-120B).

I mean SM could spend 120B on their activity, but they somehow spent ~153B (173B-19.9B).

Where are remained 153B-120B=33B wons??? It makes 33B÷1165=19.7 millions of USD. 

I guess SM should take contacts of companies JYP works with. They could save 19.7 milions of USD for SM, 20% of SM's expences.

 

Edit: I'm sorry, if my English is not good enough to explain what I wanted.

But JYP has these "good" numbers because he overworks and exploit his groups and the staff a lot.

I mean, great for the company and shareholders, terrible for everybody else.

[Jollux]

2 hours ago, reiichi said:

They all have side businesses though. JYPE a little less but those diversified assets is probably what saved them from bankruptcy when they lost all this money trying to push Wonder Girls in the US and didn't have any big money maker for a few years. The current Big3 have learnt from previous big agencies that relied too heavily on the success of their idols, and became irrelevant when said idols left the company.

When people say that BigHit is not big3 material yet, that's why. They have bigger revenue than JYPE but they don't have diversified assets yet. They're expanding though, but seem to keep it entertainment related for now (other agencies + gaming).

JYPE has no side bussiness like SM and YG. What you talking about?

The company is heavily dependent on their groups to generate money, hence the constant comebacks and endless touring.