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

[Timur Sharapov]

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.