On March 19, Hyundai Motor Securities Co. Ltd. revealed that JYP Leisure’s gross sales within the fourth quarter of final yr fell 6% to 41.6 billion Gained and working revenue fell 22.1%, over the identical time interval, to 10.5 billion Gained which was beneath expectations.
The issue within the first quarter of this yr is that decline in earnings is inevitable because of the hiatus of JYPE’s main artists. Nonetheless their comeback is concentrated within the second quarter. Stray Children, TWICE, ITZY and 2PM could be making their comebacks between April and June 2021, whereas Japanese lady group NiziU are mentioned to launch their second album in April.
It’s a well-known incontrovertible fact that TWICE album gross sales have declined since their peak in 2018. Even when Stray Children fills up the vacant place attributable to the withdrawal of GOT7 and NiziU and ITZY do effectively, if TWICE (accounted for 37% company-wide gross sales in 2020) continues this damaging progress, the general progress of the corporate would decelerate.
It was then said that JYPE is planning to launch 4 new teams by 2022. Considered one of these teams could be shaped by way of the SBS audition present “LOUD”. In November 2020 it was introduced that JYPE’s J.Y. Park and P NATION’s PSY will staff up for the SBS present “LOUD” which goals to create a worldwide boy group. In contrast to different audition reveals which work with contributors coaching below companies, “LOUD” is open to teenage boys all over the world who want to be an idol. JYPE can also be mentioned to be launching a Chinese language boy group later this yr together with a male model of NiziU in Japan, and an idol group in america in 2022.
In the meantime, JYPE is being ridiculed on social media for the choice of launching new teams. Netizens have been advising the company to deal with its present artists effectively earlier than considering of launching different teams.
What’s your opinion on this matter? Ought to JYPE give attention to their very own teams reasonably than creating new ones or is it excessive time they debut a brand new group? Share your ideas with Pinkvilla within the feedback part down beneath!