YG Entertainment Ends Management Business... "Focusing on Music Business"

YG Entertainment announced on the 17th that it will reorganize its business structure to focus on its core music business and, as part of this, will terminate its actor management operations.

원본보기 아이콘

YG Entertainment has been gradually preparing to concentrate on its music business. Last year, it absorbed YGX into its global training center, internalizing its expertise and capabilities. The internal producer team, which was around 10 members, was expanded to about 50, further strengthening the production system.

As a result, Baby Monster, which officially debuted in April last year, successfully established itself in the market at a rapid pace by releasing a debut mini-album, followed by their first full-length album in November, holding global fan meetings, and starting a global tour in their first year. Additionally, they achieved remarkable results by drawing a strong response with their outstanding capabilities and recording nearly 1.6 million cumulative album sales in their debut year alone. Riding this momentum, they will embark on a world tour starting with a concert in Seoul this January.

Through an official announcement by Chief Producer Yang Hyun-suk, YG Entertainment has forecasted more active activities from its artists this year than ever before. In fact, TREASURE will continue dense activities with a mini-album release, their third full-length album, and starting with the 'TREASURE 2025 FIRST US TOUR [SPECIAL MOMENT]' in April, performing in four cities including New York, Washington DC, Oakland, and Los Angeles, followed by a world tour in October.

For BLACKPINK, who will start their world tour simultaneously with their comeback this year, YG has internally organized a separate project team and completed thorough preparations. They also plan to diversify systematic support and collaboration for mega IPs owned by YG Entertainment, including the ongoing successful 15th-anniversary tour activities of 2NE1.

YG Entertainment stated, "We have consistently worked on reorganizing our business structure to focus on our core business, and 2025 will be the first year where these efforts bear fruit." They added, "We will continue to strengthen our core competencies and solidify our leadership in the music industry while recording another chapter of growth for YG."

They continued, "We sincerely thank all the actors who have worked with us and the fans who have shown great love," emphasizing, "We will not spare any necessary support until the very end."

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.