JYP Entertainment Experiences Increase In Profits Ahead Of New Boy Band Debut

JYP Entertainment bounced back in 2014, returning to profitability after a disappointing 2013. The company recorded a net profit of 7.85 billion won (US$7.07 million) in 2014, a significant improvement from its net loss of 3.94 billion won (US$3.55 million) in 2013, reports allkpop.

The turning point for JYP Entertainment came in October 2013 when it decided to merge with another related company JYP, which was unlisted in the stock exchange. This move helped boost JYP Entertainment profit and sales, the latter of which reached 48.5 billion won (US$43.7 million) or a whopping 127.4% increase from 2013.

Coming off a profitable 2014, JYP Entertainment has been reported to be optimistic, expecting financial success from its idol activities and concerts led by 2PM and miss A, as well as movies released by its subsidiary, JYP Pictures.

JYP Entertainment's fortunes in 2015 and the coming years will also depend on the success of its newer crop of artists. This year, all eyes will be on JYP Entertainment's new five-member all-male group, which is expected to debut on April 26 after a teaser video the company posted on its JYP Audition channel showed the date.

The five members for the upcoming 2015 boy group have not been officially revealed. But back in 2013 the company teased a group called 5LIVE which also consisted of five male idols, namely Wonpil, Junhyuk, Sungjin, Jaehyung, and Younghyun. It is not clear though whether the previously revealed 5LIVE idols are part of the new all-male group debuting later in April, or whether there are new members taken from the pre-debut pool.

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