YG Entertainment Inc. (Korean: YG 엔터테인먼트) is a South Korean entertainment agency established in 1996 by Yang Hyun-suk. The company operates as a record label, talent agency, music production company, event management and concert production company, and music publishing house. In addition, the company operates a number of subsidiary ventures under a separate public traded company, YG Plus, which includes a clothing line, a golf management agency, and a cosmetics brand.
Current artists include Sechs Kies, Big Bang, Akdong Musician, Winner, iKon, Blackpink, and Treasure as well as actors and actresses including Kang Dong-won, Choi Ji-woo, Cha Seung-won, Lee Sung-kyung, Jin Kyung, Jang Ki-yong, Yoo In-na, and Son Na-eun. Other notable artists include Jeon Somi and Anda who are under YG Entertainment’s subsidiaries The Black Label and YGX respectively.
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Former artists include Wheesung, Epik High, 1TYM, Gummy, Seven, Minzy, Park Bom, 2NE1, Nam Tae-hyun, Lee Jong-suk, Psy, Seungri, B.I, One, CL, Lee Hi, Jinusean and Sandara Park .
1996 – 2005 : Hip-hop roots, early success and first generation K-pop
In March 1996, Yang Hyun-suk, a former thành viên of the first-generation K-pop group Seo Taiji and Boys, founded YG Entertainment along with his younger brother Yang Min-suk. [ 5 ] [ 7 ] The company’s first artist was the hip-hop trio Keep Six. When they failed to attract popularity, Yang turned his focus to the duo Jinusean and in 1998 to the debut of 1TYM. Both were successful artists that Yang credits for bringing YG and the hip hop genre into mainstream Korean music. [ 5 ]In 1999, YG’s artists released a collaborative album under the name YG Family. The label followed with releases from artists such as Perry, Swi. T, Big Mama, Lexy, Gummy and Wheesung. It also established the ” YG Underground ” label, which housed 45RPM and Stony Skunk. In 2001, a second YG Family album was released. Among others, it featured the 13 – year-old G-Dragon, who was then a trainee. [ 8 ]The agency found success in both Korea and Nhật Bản with its first ” idol ” singer Seven in 2003, [ 9 ] who became the company’s first artist to attempt to cross over into the US music scene, though his US debut failed to gain momentum. [ 10 ]
2006 – 2011 : Mainstream breakthrough
Big Bang is YG’s most successful artist and was responsible for more than half of YG’s albums sold in Korea from 2014 to 2017.Following Se7en ‘ s success, YG formed its first idol group Big Bang in 2006. Despite an initial lukewarm reception, the group’s breakthrough the following year and their consistent popularity have made them one of the biggest and most bankable boy bands in the world. [ 12 ] This was followed by YG’s first successful girl group 2NE1 in 2009, [ 13 ] who, prior to their split in năm nay, were considered one of the most successful and popular girl groups in South Korea. [ 14 ] [ 15 ] Similarly to Seven, both groups conducted successful careers in Nhật Bản. [ 16 ] [ 17 ] [ 18 ]
2NE1 debuted in 2009 as the first major girl group under YG and became the first group to achieve nine number-one songs on the Gaon Digital Chart.In 2010, YG made a highly publicized move into a new building, while the old headquarters became a training facility. [ 19 ] [ 20 ] In the same year, the company unsuccessfully applied for listing on the stock exchange ; it was suspected that this was because the company had too few active music groups and an unstable cash flow, despite an increase in earnings in 2009. [ 21 ] Later that year, the label signed established artist Psy. [ 22 ]
2012 – năm ngoái : International recognition and business expansion
2012 brought YG international recognition when Psy’s ” Gangnam Style ” gained worldwide popularity as a viral video. On August 21, it charted at number one on the iTunes Music Video Charts. This feat was a first for a South Korean artist. [ 23 ] By November 24, ” Gangnam Style ” had become the most viewed video in YouTube history, and the first video to surpass a billion views. [ 24 ] [ 25 ] The tuy nhiên was credited as the main reason for YG’s share prices increasing by more than 60 per cent, [ 26 ] with the record label subsequently filing its first annual report in 2012 with profits of over 50 % [ 27 ] after going public on the KOSDAQ the year before. [ 6 ]That same year, the label signed rapper and producer Tablo, leader of the hip hop group Epik High, relaunching his career after a musical hiatus following his Stanford controversy. [ 28 ] Tablo’s band Epik High later transitioned into the record label following his success. [ 29 ]
Yang’s increased involvement on competitive reality television series led to several record deals with contestants, starting with K-pop Star’s first season runner-up Lee Hi. Other participants on the show were signed as potential members of the label’s future boy groups. On the second season of the show, both the winners, sibling duo Akdong Musician as well as runner-up Bang Ye-dam, signed under the agency. Additionally, the reality program Win: Who is Next was later launched by YG, in which two teams of male trainees competed against each other for the chance to sign a contract with the label to debut as the company’s next boy band. The conclusion of the reality series saw the formation of Winner.
Winner successfully debuted in 2014 and became the fastest K-Pop group to win #1 at music shows. They grabbed their first music show win just six days into their debut.In năm trước, YG acquired T Entertainment’s staff and actors including Cha Seung-won, Im Ye-jin, and Jang Hyun-sung. [ 34 ] Additionally, through the acquisition of modelling agency K-Plus, it expanded its acting division through the acting debuts of models Lee Sung-kyung and Nam Joo-hyuk. [ 35 ] YG also signed a contract with actress Choi Ji-woo. [ 36 ] [ 37 ] [ 38 ] [ 39 ] French luxury giant LVMH ‘ s private equity arm, L Capital Asia, later announced that it would be investing up to US USD 80 million in YG. Headquartered in Nước Singapore, L Capital Asia would become the second-largest investor in YG with an 11.5 % stake, second only to Yang Hyun-suk ‘ s 28 %. [ 40 ] In năm trước YG also expanded into the beauty industry with the creation of its cosmetics brand Moonshot. [ 41 ] [ 42 ]
In 2015, YG invested nearly US$100 million in a new Gyeonggi-do-based industrial complex which was slated to be complete by December 2018. Real estate in Seoul worth ₩16 billion (US$14 million) was also purchased for the purpose of expanding their headquarters. In that year, the company also saw the creation of two sub-labels, the first led by Tablo and the second headed by YG producers Teddy Park of 1TYM and Kush of Stony Skunk. Additionally, the members of the losing team from the reality series WIN: Who is Next regrouped and debuted as iKon, along with a new member.
iKon debuted in 2015. Their 2018 single, “Love Scenario,” broke several records at the time; including the longest run as the top-charting song, the most hours of ‘perfect all-kills,’ and the first song to be certified Platinum by the KCMA
năm nay – present : Recent developments and controversies
Sixteen years after the group’s disbandment, first-generation K-pop boy band Sechs Kies signed a contract with YG in May năm nay to relaunch their career. [ 48 ] [ 49 ] [ 50 ] In the same month, Chinese technology enterprises Tencent and Weiying Technology announced an investment of US $ 85 million in YG. Weiying took an 8.2 % stake in the company and Tencent a 4.5 % stake. [ 51 ] YG later added Lee Jong-suk, [ 52 ] Kang Dong-won, [ 53 ] and Kim Hee-jung [ 54 ] to their list of actors .
YG debuted their second girl group Blackpink in 2016, their first since 2NE1, followed by the solo rapper One the following year. Later that year, YG launched a talent show titled Mix Nine, a contest between trainees from different agencies. Although the winning team was scheduled to debut as idols, YG revealed that the debut for the male winning group had been cancelled. The failure of the show led to incurred losses of ₩7 billion won in the first quarter and ₩4 billion won in the last three months of 2017, causing JYP Entertainment to surpass YG as the second-highest valued K-pop company.
Billboard’s World Digital Song Sales chart.Blackpink debuted in 2016 and became the first female K-pop group to have four number-one singles ons World Digital Song Sales chart.
In May 2018, Psy left the company after eight years. Later that year, YG announced YG Treasure Box, a survival competition show to determine the line-up for their next boy group. The resulting boy group Treasure debuted in August 2020.
Following the Burning Sun scandal involving Big Bang ‘ s Seungri, accusations of corruption surrounding Yang Hyun-suk and a drug scandal involving iKon leader B.I, Yang Hyun-suk stepped down and resigned from all positions in YG and his brother, Yang Min-suk, resigned as CEO on June 14, 2019. [ 69 ] [ 70 ] [ 71 ] [ 72 ] Hwang Bo-kyung was appointed as the new CEO of YG on June 20, 2019. [ 73 ]On May 4, 2021, The Korea Exchange announced that YG was demoted in status from blue-chip companies to regular mid-sized businesses. The status was acquired in April 2013. The company recorded a net loss of 1.8 billion won and a return on equity of – 0.5 %. Its main business, music production and management, has experienced operational losses over the past two years. [ 74 ]
YG Entertainment’s records are distributed by the following :
In March 2010, seven record labels in Korea (including the three biggest agencies: YG, SM Entertainment, JYP Entertainment, Star Empire Entertainment, Medialine, CAN Entertainment, and Music Factory) jointly established KMP Holdings, a service platform aiming to provide digital music distribution and television program productions. It was speculated that this was in challenge to the duopoly on music distribution in Korea by Mnet Media and LOEN Entertainment. In November 2012, KMP Holdings was acquired by KT Music. In January 2014, the seven agencies behind KMP Holdings formed a collective bond partnership and purchased 13.48% of KT Music’s stocks, leaving parent company KT Corporation with 49.99%.
YGEX was established on April 12, 2011, as a partnership between Avex and YG for the promotion and release of all YG’s material in Nhật Bản. [ 78 ] Prior to this, YG’s Japanese releases had been in partnership with Nexstar Records, a Nippon Columbia label that managed Japanese releases for Seven, [ 79 ] and Universal Music Japan ( which signed a three-year exclusive contract in 2008 for Big Bang ‘ s Japanese releases ). [ 80 ]
United Asia Management
In April 2011, United Asia Management was formed as a joint talent management agency between YG, SM, JYP, KeyEast, AMENT, and Star J Entertainment. [ 81 ]
YG first collaborated with Californian concert promotion company Live Nation to produce Big Bang’s Alive Galaxy Tour ( 2012 ). Live Nation subsequently directed 2NE1 ‘ s New Evolution World Tour ( 2012 ) and G-Dragon ‘ s One of a Kind World Tour ( 2013 ). General Manager of Live Nation Asia, Mats Brandt, said in an interview that the company considered Big Bang to have the most potential to become a ” global artist “. [ 82 ]
Asiana Airlines signed a deal with YG in January 2013, providing transportation for its personnel to and from domestic and international destinations in return for advertising.
HIGHGRND ( read as ” high ground ” ) was an independent sub-label headed by Epik High ‘ s Tablo. [ 84 ] Announced in March năm ngoái, the label was set up by Yang Hyun-suk under the YG Entertainment umbrella as part of a long-term goal to reach out to the Korean indie and alternative scene. On June 21, năm ngoái, Tablo introduced the band Hyukoh via Instagram as the label’s first official artist. [ 85 ] The company had fostered artists Millic, offonoff, Punchnello, Code Kunst, Way Ched, The Black Skirts, Idiotape, and Incredivle ever since. However, on April 11, 2018, an article was released that HIGHGRND was no longer active due to Tablo’s resignation as CEO the previous year. [ 86 ] As of the release of this article, the artists in the label soon revealed that they had signed in with other labels and had other companies to distribute their new releases that year .In June 2019, YG Plus took over the social truyền thông accounts of HIGHGRND and relaunched them under the name SEOUL MUSIC .
The Black Label
Following the successful formation of HIGHGRND, on September 22, năm ngoái, YG Entertainment announced the creation of another independent sub-label, to be headed by YG Producer Teddy and Kush. [ 87 ] The label currently houses Zion. T, Okasian, Danny Chung ( formerly known as Decipher ), Vince and Jeon So-mi. [ 88 ]
On September 1, năm nay, representatives of YG announced that Psy would be leading an independent sub-label titled PSYG, a portmanteau of ” Psy ” and ” YG “. [ 89 ] The label was registered as a corporate subsidiary in June and marked another chapter in the collaboration between Psy and long-time friend Yang Hyun-suk, as it was revealed that the YG CEO had implicitly promised the creation of a sub-label when Psy had signed on to the company in 2010 amidst personal difficulties, having been encouraged by his wife to work with the YG founder. [ 90 ] As Psy left the company in mid-2018, PSYG has ended its operations and closed its doors .
Yang Hyun-suk announced, in May 2018, that a subsidiary company called YGX Entertainment would merge with Seungri’s DJ label NHR. On June 4, on his official Instagram account, he posted a picture of a business card showing Seungri as the CEO of YGX. In 2018, the label launched a dance and vocal academy, called X ACADEMY, where students could potentially be scouted by YG as trainees. [ 91 ] YGX houses artists VIINI and Anda .
YG Plus Inc., previously named Phoenix Holdings Inc., is a publicly traded truyền thông and advertising company acquired by YG Entertainment in November năm trước. In 2019, the company entered the music distribution industry and also engages in production, distribution, and licensing of merchandise related to music artists. In January 2021, Hybe Corporation and its technology subsidiary, Weverse Company, acquired 17.9 % of the company in a merchandising and distribution khuyến mãi that would see YG Entertainment’s artists join Weverse in return. [ 92 ] [ 93 ]
Shining Star Culture
Also known as YG China, home to trainees Jane ( 제인 / 简 ) and Vicky ( 비키 / 維琪 ). The sub-label was first announced on Youth With You ( season 2 ) .
YG pledged to donate 100 won for every album sold, 1 % of all merchandise sales, and 1,000 won for every concert ticket, to charities. In 2009, they raised US USD 141,000, and in 2010 USD 160,000. [ 94 ] The company has also directly delivered US USD 4,400 worth of charcoal to families in need during the winter season. [ 95 ] It announced that it would be donating around US USD 500,000 for disaster relief to Nhật Bản after the 2011 Tōhoku earthquake and tsunami. [ 96 ]In 2013, Yang Hyun-suk made headlines when he donated all of the dividends he received as a shareholder of YG to help young children needing surgery. His dividends totalled around US USD 922,000. [ 97 ]In năm ngoái, YG donated a total of ₩ 100 million ( US $ 92,450 ) to the Korean Committee for UNICEF in disaster relief following the earthquake in Nepal. [ 98 ]
All musical artists and actors under YG Entertainment are collectively known respectively as YG Family and YG Stage.
Former artists and actors
Former actors and actresses
- as part of YGX Entertainment
- as part of YGKPlus
- While no official disbandment was announced, Jinusean’s artist profile was removed in 2020, signifying the group is no longer active under the label .
- While no official disbandment was announced, 1TYM ‘ s artist profile was removed in năm trước, signifying the group is no longer active under the label .
Artists: Hyukoh, Punchnello, OffonOff, Incredivle, The Black Skirts, Idiotape
Producers: Code Kunst & Millic
- While no official disbandment was announced, Hi Suhyun’s artist profile was removed in 2019, signifying the group is no longer active under the label .
- While no official disbandment was announced, MOBB’s artist profile was removed in 2019, signifying the group is no longer active under the label .
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