JYP Entertainment

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JYP Entertainment Corporation
Public
Traded as KRX: 035900
Industry
Genre
Founded April 25, 1997; 20 years ago (1997-04-25)
Founder J.Y. Park
Headquarters Seoul, South Korea
Area served
Worldwide
Key people
Wook Jung CEO
Services
  • Music production
  • Licensing
  • Record distribution
  • Film production
Revenue
  • IncreaseUS$ 69.51 million (2016)
  • US$ 50.56 million (2015)
  • US$ 48.48 million (2014)
  • IncreaseUS$ 7.533 million (2016)
  • US$ 3.1 million (2015))
  • US$ 7.7 million (2014)
Owner
  • J.Y. Park
    (19.0%)[1]
  • Media corp.
    (5.12%)
  • Dimensional Fund Advisors LP
    (0.65%)
  • Wook Jung
    (0.34%)
  • Mirae Asset Global Investments Co., Ltd.
    (0.15%)
  • Hae-Sung Jo
    (0.13%)
[2]
Number of employees
133[3]
Divisions
Subsidiaries
Website www.jype.com
JYP Entertainment Co.,Ltd
Native name
JYP 엔터테인먼트
Private
Industry Entertainment
Fate Merged with JYP Entertainment corporation
Founded April 24, 1997 (1997-04-24)
Defunct August 26, 2013 (2013-08-26)
Headquarters Gangnam District, Seoul, South Korea
Area served
South Korea
Key people
Wook Jung (CEO)
Services Distribution, Entertainment
Subsidiaries
  • AQ Entertainment
Website [4][better source needed]

JYP Entertainment Corporation (Korean: JYP 엔터테인먼트) is a South Korean entertainment company established by Park Jin-young in 1997. The company operates as a record label, talent agency, music production company, event management and concert production company, and music publishing house. It is currently one of the largest entertainment companies in South Korea.[5][6]

JYP Entertainment is currently the home of artists including the 2AM, 2PM, Miss A, Baek A-yeon, 15&, JJ Project, Got7, Bernard Park, G.Soul, Day6, Twice, and Jeon So-mi, and formerly to artists like Park Ji-yoon, g.o.d, Rain, Wonder Girls, Sunmi and HA:TFELT.

History[edit]

Founder Park Jin-young in 2010

JYP Entertainment was founded in 1997 by South Korean singer and record producer Park Jin-young. Although its production and trainee system largely followed that of S.M. Entertainment, it initially focused on breaking into the American market, opening the studio and headquarters of its US branch, JYP USA, in New York City on June 20, 2007.[7][8]

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.[9]

Wonder Girls in 2008

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.[10]

On February 19, 2016, JYP Entertainment establish music distribution partnership with China music coperation.

Philanthropy[edit]

On March 18, 2011, JYP Entertainment to donate $300,000 USD towards Japanese disaster relief.[11]

On October 24, 2011, JYP Entertainment donated $130,000 USD for flood victims in Thailand.[12]

Joint ventures[edit]

Holyim[edit]

In June 2009, it was officially announced that JYP Entertainment and the Jonas Group signed a management deal for the Wonder Girls. Wonder Girls joined the Jonas Brothers‘ World Tour 2009, in selected cities,and performed their two songs “Nobody” and “Tell Me” as the opening act. In the same year, Holyim, a joint venture between JYP Entertainment and KeyEast BOF, was founded.

J. Tune Entertainment[edit]

In December 2010, JYP Entertainment effectively incorporated J. Tune Entertainment.[13][14][15]

KMP Holdings and KT Music[edit]

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%.[16]

Music distribution[edit]

JYP Entertainment's records are distributed by the following companies:

Sony music -2PM and GOT7) – Japan

United Asia Management[edit]

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.[17]

Smile Gate[edit]

On November 17, 2013, JYP Entertainment partnered with Smile Gate to promote the game 'CrossFire' with 2PM and miss A.[18]

Collaboration with Reebok[edit]

On June 26, 2012, JYP revealed news of a collaboration between JYP and Swizz Beatz for Reebok. JYP and Reebok will be working together to represent the brand’s ‘Classic Campaign,’ and a new song is planned for release in July. JYP also revealed the endorsement models from his agency: 2PM‘s Wooyoung and Taecyeon, and Miss A‘s Suzy[19]

China Music Corporation[edit]

On Feb 19 2016, JYP Entertainment announced that it signed a $5million deal with China's top music distribution company, China Music Corporation. The deal gives China Music Corporation the rights to exclusice distribution of JYP Entertainment music over the next five years.[20]

Subsidiaries[edit]

Sub labels[edit]

AQ Entertainment[edit]

On December 9, 2013, it was reported that JYP Entertainment had liquidated its sub-label AQ Entertainment.[21]

Studio J[edit]

Studio J is an sub-label created by Park Jin-young in January 2015. Park described Studio J as a label which will launch JYPE into a new direction in music. The sub-label will create music which rather than appealing to the mainstream will instead showcase free and deep artist. Few days later he revealed G.Soul to be the first artist on Studio J's roster.[22]

JYP Pictures Co. Ltd[edit]

JYP Pictures is a film and TV drama production division that was founded in March 2011 along with other subsidiaries. It is credited with production or co-production of the following works:

JYP Foods Inc[edit]

JYP Foods Inc was founded in 2010.[23] On March 27, 2012, Park Jin-young opened his first restaurant Kristalbelli[2] in New York City[24] It's known as the most expensive Korean BBQ restaurant in America, and for its use of crystal grills.[25][26]

Studio J bar was created on June 2, 2016 as a collaboration between JYP Entertainment and a famous bar in the Chungdam District called Y1975.[27]

JYP Service[edit]

J cast[3] is a Facebook online platform on which video content are being shared with fans

Artists[edit]

All of the artists under JYP Entertainment are collectively known as JYP Nation, similarly to SM Town and YG Family.[28]

Musicians[edit]

Producers[edit]

  • J.Y. Park (The Asiansoul)[29]
  • Armadillo
  • Frants
  • Hong Ji-sang
  • Honey Pot (Cho Hyun-kyung and Park Yong-woon)
  • Joohyo
  • Jowul of Princess Disease
  • Kim Seung-soo
  • Min Lee (collapsedone)
  • Noday
  • Paul Thompson (Marz)
  • Ragoon IM
  • Sim Eun-jee
  • Song Ji-wook
  • Raphael
  • Tommy Park
  • Toyo
  • Woo Rhee (Rainstone)

Studio J[edit]

A subsidiary label attributed with the following artists:

Choreographers[edit]

  • Ali Lee
  • Jonte' Moaning
  • Kim Hwa-young
  • Lia Kim
  • Park Nam-yong
  • Tomoya Minase
  • WooNg (Kim Hyungwoong)

Actors and actresses[edit]

Former artists[edit]

Former musicians[edit]

Former actors[edit]

Former trainees[edit]

▪Lim Young Min (Produce 101 Contestant Season 2)

Discography[edit]

JYP Nation discography
  • This Christmas (2010)
  • One Mic (2014)
  • Encore (2016)

References[edit]

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External links[edit]