3

0

Variety

YG Entertainment loses $10 million due to the failure of 'MIXNINE'

Posted by yckim124768 pts Wednesday, May 16, 2018
Yang Hyun Suk
The failure of 'MIXNINE' led to a loss of $10 million for YG Entertainment.

Recently, YG Entertainment released the financial reports for the first quarter of 2018. The results were a disappointment for the company as they saw�a drastic drop in operating profit and revenue.

According to financial analysts, the failure of 'MIXNINE' played a major role in the loss. 'MIXNINE' revealed to have brought a loss of 7 billion KRW ($6.47 million) in the quarter. Combined with the 4 billion KRW ($3.7 million) loss from the previous quarter, the total loss is 11 billion KRW ($10 million) for YG Entertainment.�

Meanwhile, the viewer ratings for 'MIXNINE'�dropped down to the 0% range.�The debut of the final groups was also canceled.�
  1. Yang Hyun Suk
  2. YG ENTERTAINMENT
  3. MIXNINE
0 63,799 Share 100% Upvoted

allkpop in your Inbox

THE TOP 10 STORIES DELIVERED DAILY
ZE:A, Taeheon
ZE:A’s Taeheon reveals taxi driver income “I can make 4 to 5 million KRW (2,700 to 3,400 USD) a month if I work hard”
23 hours ago      18,237
Choo Sung Hoon, Yano Shiho
Yano Shiho surprises saying she “Doesn’t meet” husband Choo Sung Hoon
19 hours ago      26,993
Minah, On Joo Wan
Girl's Day Minah returns to musical just 6 days after marrying On Joo Wan
18 hours ago      13,823
Jang Do Yeon, SHINee, Minho
SHINee’s Minho reveals the title tracks the group initially avoided but later became major hits
19 hours ago      10,459
Sooyoung, Jung Kyung Ho
Jung Kyung Ho panics over surprise "marriage date" question at 'Pro Bono' press event
11 hours ago      9,065
Min Hee Jin, NewJeans
Min Hee Jin begins auditions for new Idol group
30 minutes ago      933
Park Seo Joon
Park Seo Joon reveals he gets criticism about his appearance “Not fit for a leading role”
41 minutes ago      1,105
Ahn Bo Hyun, Jung Eun Chae
'Flex X Cop Season 2' confirmed as Ahn Bo Hyun and Jung Eun Chae lead the new mission
1 hour ago      829
aespa, Ningning
aespa’s Ningning stuns with fierce warrior like visuals
1 hour ago      1,503
Fin.K.L, Sung Yuri
Sung Yuri concludes home shopping activities after seven months amid public controversy
2 hours ago      1,854
V, Song Kang
BTS’s V and actor Song Kang spotted dining together in Seoul
4 hours ago      3,041
tripleS
tripleS msnz holds surprise busking event at COEX
3 hours ago      1,065
NMIXX
NMIXX’s “SPINNIN’ ON IT” ranks no. 43 on NME’s 50 Best Songs of 2025
4 hours ago      1,381
IVE, Leeseo
IVE’s Leeseo to step down as Inkigayo MC after 1 year and 7 months
5 hours ago      2,256
LE SSERAFIM
LE SSERAFIM to perform at America’s biggest New Year’s Eve show in Times Square
8 hours ago      3,640
New Message

SEND