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I just read this news and so pissed with the news and some comments about it.
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SM Entertainment hits jackpot in sales
With K-pop’s biggest celebrities working daily for the company, there’s no doubt in the fact that SM Entertainment probably has the largest income in the industry.
Behold. It has been calculated by Korea’s Financial Supervisory Service that SM Entertainment has made around 47.5 trillion Korean won during the first six months of year 2010, which roughly converts to 40 million dollars in USD. This is about 59% larger than what they’ve made last year.
Also, it’s been revealed that SM Entertainment has earned over 18.6 trillion Korean won, over 3 times as much as last year. SM stated, “This achievement was possible due to increasing overseas income made by our artists like Super Junior, BoA, SNSD, SHINee, and f(x).”
SM Entertainment believes their income will increase even more, as they’ve been slowly entering the application market for various smartphones. Also, SNSD’s overseas activities are expected to bring even more money for the company.
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Source: AKP
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Well, this news has lots of mislead information.
1. No way that SM income in the first half = 47.5 Trillion Won. Their first 3-months 2010 sales was just 22.7 Billion Won so in this news it should be 47.5 BILLION WON = 40 Million USD.
2. INCOME = REVENUE =/= PROFIT…So they might gain tons of income without make significant profit to your idol.
3. Total Sales SM artists in Korea for the first half of 2010 = approx. 600,000 copies. The price of each album = 11,000 Won or less. So their CDs only sales about 6.6 Billion Won. Other than that are from CFs, TV Programme, Radio Show, Road Show, Concert, etc.
Last, I would think this is not the flaw if they didn’t mention “This achievement was possible due to increasing overseas income made by our artists like Super Junior, BoA, SNSD, SHINee, and f(x).”
Most of OVERSEAS INCOME of SM = TOHOSHINKI aka DBSK’s INCOME in JAPAN.
TOHOSHINKI Sales over 1,000,000 copies in the first half of 2010 (already exclude JYJ). That’s about 2.3 BILLION YEN = 31.7 BILLION WON. SM and AVEX share 50% of the profit from Tohoshinki.
So tell me any SM artist who can gain overseas income more than DBSK.
And yet, SM just didn’t want to expose their name…
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…and this is not the first time they do sth like this.
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Good job.
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