HYBE releases the 2020 financial report for sublabels Pledis Entertainment and Source Music (Update: Knetz comments)

[RIPHaldir]

Not suprising Source is negative since Gfriend havnt been able to turn their digital decline around despite 3 cbs last year, I dont believe they will get as many this year and the ngg will be key to seeing how Source does moving forward

Edited March 24, 2021 by RIPHaldir

[RIPHaldir]

 

On 3/22/2021 at 8:53 PM, satoori said:

tbh digitals sort of don't matter here. that's not where the money is at. 

however gfriend was starting to gain momentum in japan and probably start touring even more in general - which would have actually made them money.

True but for a gg they are essential and seeing how Gfriend cant hit 100k or have any standout international numbers its unlikely their touring will grow from '19 and their current pull isnt big enough 

 

On 3/22/2021 at 10:00 PM, spopo said:

Digitals don't count for shit.  Groups don't make money off of digital sales (which is why boy groups are profitable, despite not doing well digitally in general).  Touring is where the money is at.

Except Gfriend cant even tour that well so they arent making enough mpney off that/merchandise either