BIGBANG to Hold Dome Tour in Japan 4th Quarter of This Year?

Posted July 14, 2017 by

BIGBANG is said to hold 14 dome concerts in Japan during the 4th quarter of this year, according to this news article on YG Entertainment’s 2017 earnings:

YG Entertainment’s 2017 Earnings Driven by BIGBANG Tour

YG Entertainment’s earnings are expected to increase this year thanks to its profitable concerts.

Kim Hyun-seok, a researcher at Shinhan Investment & Securities, shared on July 13th, “YG Entertainment is expected to see its profits rise this year with 34 concerts local and overseas, including 14 concerts from BIGBANG’s tour.”

YG Entertainment is expected to generate sales of 346.4 billion won and operating profit of 36.1 billion won this year. Revenue is up 8% and operating profit is 13% higher than last year. It is estimated that sales from this year’s concerts will reach 48.4 billion won. Due to the high profitability of concerts, the OP margin is expected to reach 10.4%, up 0.5% from last year.

Kim said, “YG Entertainment is going to hold concerts mainly in Japan in the second half of the year. It will continue to grow with G-Dragon’s 5 dome tour concerts and Taeyang’s 4 arena tour concerts in the 3rd quarter, and BIGBANG’s 14 dome tour concerts in the 4th quarter.”

It is estimated that it will earn 99.8 billion won in royalties, 59.7 billion won in records, and 38.4 billion won in advertising revenue this year. 32%, 32% and 28% more than last year, respectively.

However, profits seem to have deteriorated in 2Q. YG Entertainment’s second quarter sales reflect earnings from PSY’s regular album, G-Dragon’s mini album, iKON’s 9 concerts in Japan, and G-Dragon’s concerts in Korea and Singapore. Kim said, “YG Entertainment recorded remarkable earnings in the second quarter of last year when it held 8 concerts in China.”

YG Entertainment is expected to generate KRW 71.1 billion in sales and KRW 5.3 billion in operating profit in the second quarter. Sales and operating profit are expected to decline by 8% and 22%, respectively, from the second quarter of last year.

Source: Business Post Korea (ENG), @susifg