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JYP Entertainment

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JYP Entertainment Co. Ltd.
Company typePublic
KRX: 035900
IndustryEntertainment
Genre
FoundedApril 25, 1997 (1997-04-25)
FounderJ.Y. Park
Headquarters
Seoul
,
South Korea
Area served
Worldwide
Revenue
  • IncreaseUS$43,700,000 (2014)
  • US$34,300,000 (2013))
  • IncreaseUS$7,070,000 (2014)
  • -US$3,550,000 (2013))
OwnerJ.Y. Park (18.08%)
SubsidiariesStudio J
WebsiteOfficial website Template:En icon

JYP Entertainment (Korean: JYP 엔터테인먼트) is a South Korean entertainment company founded by Park Jin-young based in Seoul, South Korea. The company operates as a record label, talent agency, music production company, event management and concert production company, and music publishing house. The record label is also one of the three big record labels in the K-pop industry, alongside S.M. Entertainment and YG Entertainment.[1][2]

JYP Entertainment is currently the home of artists including the Wonder Girls, 2AM, 2PM, Miss A, Baek A-yeon, 15&, JJ Project, Sunmi, GOT7, HA:TFELT, Bernard Park, G.Soul, DAY6 and Twice, and formerly to artists like Park Ji-yoon, god, and Rain.

It was reported that for the year 2014, JYP Entertainment took revenues of KR₩48.5 billion (approximately US$43 million) with net profits of KR₩7.85 billion (US$7.07 million).[3]

History

JYP Entertainment was founded in 1997 by Park Jin-young, a singer, producer, and businessman. Although its production system largely followed that of S.M. Entertainment, it initially focused on breaking into the US market, opening the studio and headquarters of its US branch, JYP USA, in New York City on June 20, 2007.[4][5]

In June 2009, JYP Entertainment and the Jonas Group signed a management deal that allowed the Wonder Girls to join the Jonas Brothers' World Tour in selected cities as the opening act.[6]

In November 2011, the US-based subsidiary JYP Creative was established and it was reported that Park invested approximately US$1.2 million in the branch. However, after a year of operation, the company reportedly saw a net loss of around US$1.5 million by the end of 2012, forcing the CEO to liquidate the branch and close all US operations, including the New York branch.[7]

Joint ventures and subsidiaries

Founder Park Jin-young in 2010

J. Tune Entertainment

In December 2010, JYP Entertainment effectively incorporated J. Tune Entertainment.[8][9][10]

Wonder Girls in 2008

KMP Holdings and KT Music

In March 2010, KMP Holdings was established via a joint venture between JYP, S.M. Entertainment, YG Entertainment, Star Empire, Media Line, CAN Entertainment, and Music Factory Entertainment. KMP Holdings was acquired by KT Music in November 2012, and in June 2013, KT Music absorbed KMP's distribution network. In January 2014, the seven talent agencies behind KMP Holdings formed a collective bond partnership and bought 13.48% of KT Music's stocks, leaving KT Corporation with 49.99%.[11]

AQ Entertainment

On December 9, 2013, it was reported that JYP Entertainment had liquidated its sub-label AQ Entertainment.[12]

United Asia Management

In 2011, JYP Entertainment joined with S.M. Entertainment, YG Entertainment, KeyEast, AMENT, and Star J Entertainment to form United Asia Management in an effort to promote Korean pop music internationally.[13]

Smile Gate

On November 17, 2013, JYP Entertainment partnered with Smile Gate to promote the game 'CrossFire' with 2PM and miss A.[14]

Artists

All of the artists under JYP Entertainment are collectively known as JYP Nation, similarly to SM Town and YG Family.[15]

Musicians

Actors and actresses

Studio artists

Composers [16]

Studio J

A subsidiary label attributed with the following artists:

Former artists

Former musicians

Former actors

Former trainees

Discography

Main article: JYP Entertainment discography
JYP Nation discography
  • This Christmas (2010)
  • One Mic (2014)

References

  1. ^ "Big Bang theory pays off as YG embraces the attitude". Korea JoongAng Daily. 2012-09-04. Retrieved 2014-06-03.
  2. ^ Asia, Forbes. "Korea's S.M. Entertainment: The Company That Created K-Pop". Forbes. Retrieved 2016-04-20.
  3. ^ "JYP Entertainment is back on its way up, experiences increase in profits in 2014 | allkpop.com". www.allkpop.com. Retrieved 2016-04-21.
  4. ^ "Park Jin-young Has Ambitions to Conquer the World". Chosun Ilbo. 2007-07-03. Archived from the original on 2007-11-06. Retrieved 2007-11-07.
  5. ^ Fuhr, Michael (2015). Globalization and Popular Music in South Korea: Sounding Out K-Pop. Abingdon: Routledge. pp. Chapter 3. ISBN 9781317556909.
  6. ^ Template:Ko icon Kim, Hyeong-wu. 원더걸스 미국 데뷔 성공 가능성 얼마나 될까 (What are the Wonder Girls' Chances of Succeeding in American Debut?). Joins.com/Newsen. June 5, 2009. Retrieved June 5, 2009.
  7. ^ Herald, The Korea. "Park Jin-young reveals closure of U.S. operations". www.koreaherald.com. Retrieved 2016-04-20.
  8. ^ "J. Tune Entertainment merges with JYP Entertainment | allkpop.com". www.allkpop.com. Retrieved 2016-04-20.
  9. ^ melkimx. "JYP to Become Largest Shareholder of Rain's J. Tune Entertainment". Soompi. Retrieved 2016-04-20.
  10. ^ 이언혁 (30 December 2010). 대주주 된 박진영, 제이튠엔터 전속계약 4년만에 소속사 찾았다. Nate (in Korean and English). Retrieved 7 June 2012.
  11. ^ Cho Seung-hoon (January 24, 2014). "SM, YG, JYP lead 7 companies as KT Music's new stakeholders". Gaon Music Chart. Korea Music Content Industry Association. Retrieved September 17, 2014.
  12. ^ alim17 (December 9, 2013). "JYP Entertainment liquidates its sub-label AQ Entertainment in charge of managing miss A and Baek Ah Yeon". allkpop. Retrieved December 20, 2013.{{cite news}}: CS1 maint: numeric names: authors list (link)
  13. ^ Lee, Jung Hyung (2011-04-08). "키이스트, SM, YG, JYP 등 6개사 아시아 매니지먼트 에이전시 'UAM' 설립! (KeyEast, SM, YG, JYP & more join forces to establish a new global agency, "United Asia Management")" (in Korean). Naver.com. Retrieved 2011-04-08.
  14. ^ Dae Ho, Lee (2013-11-18). "크로스파이어와 수지가 만났다…스마일게이트-JYP, 전략적 제휴".
  15. ^ "JYP Nation reveals concert poster for "Team Play"!". 6Theory Media, LLC. December 6, 2010. Retrieved October 30, 2013.
  16. ^ http://jyppub.com/creators
  17. ^ Ahn, Woorim. "Lily M Joins JYP Entertainment". BNT News. Retrieved 15 April 2016.
  18. ^ a b c Yoon, Ye-jin. "[맥뛰는포토]차세대 대세돌이 여기에…JYP 공채 오디션 수상자". Maxim Korea (in Korean). Retrieved 29 February 2016.
  19. ^ Yoon, Ye-jin. "[맥뛰는포토]JYP 오디션 프리패스 상…박예진, '수지'와 '나연' 섞은 토끼 미모". Maxim Korea (in Korean). Retrieved 29 February 2016.
  20. ^ Moon, Ji-hun. "'JYP 공채 오디션' 김보라, 한국연예사관학교상·에르모소 뷰티상.. '2관왕'". Star Daily News (in Korean). Retrieved 8 April 2016.
  21. ^ http://www.koreatimesus.com/interview-former-jyp-trainee-lena-ahn-is-headed-to-seoul-for-miss-korea-crown/
  22. ^ Syee22 (10 August 2010). "[News] G.NA describes Cube Entertainment's President as 'father-like'". dkpopnews. Retrieved 16 June 2015.{{cite news}}: CS1 maint: numeric names: authors list (link)
  23. ^ "Former JYP trainees IU-Kikwang-Hyuna-Eunkyo, "hurricane growth"". Korea.com. 15 February 2011. Retrieved 16 June 2015.
  24. ^ alim17 (29 August 2014). "BESTie discuss Duble Sidekick, staying fit, and being trainees with Jay Park at JYP". Allkpop. Retrieved 26 April 2016.{{cite news}}: CS1 maint: numeric names: authors list (link)
  25. ^ GOT7's Jackson and Boys Republic's Sungjun show their friendship
  26. ^ a b c d "EXID's Hani revealed she was a team with Hyorin, Jieun, and Uji during her JYP days". Koreaboo. 29 January 2015. Retrieved 26 May 2015.
  27. ^ a b Shayne, Kay (19 July 2011). "[News] 2PM Taecyeon, Boyfriend Youngmin-Kwangmin, connected with their past "JYP Trainees"". dkpopnews. Retrieved 26 May 2015.
  28. ^ a b Annie (3 January 2014). "TASTY Talk About Leaving JYP Entertainment 'We Were Immature at the Time'". KpopStarz. Retrieved 16 June 2015.
  29. ^ deedeegii (28 March 2015). "EXID's Junghwa Reveals She Was Dropped from JYPE After 5 Years". soompi. Retrieved 26 May 2015.
  30. ^ Johnny Au (22 July 2014). "HELLO ASIA! INTERVIEW: KIMBERLEY CHEN (MELBOURNE) TALKS ABOUT WORKING IN TAIWAN, HER THIRD ALBUM AND TRAINING WITH JYP". Hello Asia. Retrieved 16 June 2015.
  31. ^ "Rookie Se Young of MYNAME reveals his network of JYP idol friends". Allkpop. 1 October 2011. Retrieved 16 June 2015.
  32. ^ angelclowie18 (23 May 2012). "[NEWS] BTOB's Peniel shows his closeness to former co-JYP trainee JJ Project's JB!". dkpopnews. Retrieved 16 June 2015.{{cite news}}: CS1 maint: numeric names: authors list (link)
  33. ^ kiddy_days (11 December 2014). "GOT7 Praises "NO.MERCY" Shownu as Being 'Little Rain'". Soompi. Retrieved 16 June 2015.
  34. ^ Lee, Jeong-hyeon. "[단독]'식스틴' 첫 퇴사자 나왔다. 지원, JYP 떠나". Sports Chosun. SportsChosun. Retrieved 1 September 2015.
  35. ^ Jung, Jun-hwa. "'식스틴' 출신 민영, 결국 JYP 퇴사.."포기한 것은 아냐"". OSEN. OSEN. Retrieved 28 September 2015.
  36. ^ Park, Hye-jung. "'Sixteen' Trainee Minyoung Leaves JYP". MWave. CJ E&M. Retrieved 28 September 2015.
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