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Boosted by K-pop’s expanding appeal and also musicians’ go back to show phases, the 4 openly traded South Korean songs companies– HYBE, SM Entertainment, YG Entertainment and also JYP Entertainment– published average revenue growth of 71% in the 2nd quarter of 2023, according to Billboard‘s evaluation of their current revenues records.
Sky- high growth prices in current quarters have actually assisted make the K-pop companies a sensible financial investment in 2023: Through Wednesday (Aug 16), the 4 share rates enhanced an average of 63.6% year to day, including greater than $4.7 billion in market capitalization cumulatively to the companies’ supplies. In comparison, supplies of both biggest standalone songs companies, Universal Music Group and also Warner Music Group, have actually acquired 3.6% and also shed 6%, specifically, year-to-date via Tuesday (Aug 15).
In terms of revenue …
