JYP Entertainment is reportedly aiming to launch a total of four idol groups, which will be formed through various programs, including the SBS audition show "LOUD," and will make their debut in different countries.
In November last year, it was revealed that JYP Entertainment's J.Y. Park and P NATION's PSY have teamed up for an SBS audition show called "LOUD." This program was launched to create a global boy group. Unlike other idol audition shows that involve participants who are already under agencies, "LOUD" will be open to teenage boys from around the world who wish to become an idol.
Additionally, the SBS audition show will seek contestants with artistic talents in a variety of fields, such as singing, dancing, composing songs, writing lyrics, and more.
JYP Entertainment to Debut Four Idol Groups Starting from the Second Half of 2021 Until 2022
According to Joy News 24, JYP Entertainment is expected to see a 60% increase in its operating profit in two years, which will be a total of 70 billion KRW (61.9 million USD). The gain would be based on the renewal of contracts with JYPE's Chinese music company, their Japanese girl group NiziU, and their future idol groups.
On March 19, Hana Financial Group revealed that their target price for JYP maintains at 48,000 KRW (42.50 USD) per share.
It was then stated that JYP Entertainment is planning to debut a total of four idol groups by 2022.
One of these teams will be formed through the SBS audition show "LOUD," as mentioned above. And, it was previously revealed that the boy group will be launched in the second half of this year.
JYPE is also said to be debuting a Chinese boy group later this year, as well as launch a male version of NiziU in Japan, and an idol group in the United States in 2022.
The upcoming K-pop boy group later this year will be the first K-pop idol group to debut under JYP Entertainment after more than two years since ITZY's debut in February 2019. Also, it will be the first-ever boy group of JYPE after more than three years since Stray Kids' debut in March 2018.
Meanwhile, the forthcoming Chinese boy group will be JYP's second one after Boy Story, which was launched in September 2018. The Japanese boy group will be the company's very first one, and the second team after NiziU. And the American idol group will also be the label's first-ever group to debut in the USA.
Rumors about J.Y. Park planning to debut a male version of NiziU and an American girl group started in October last year. At that time, Park confirmed with the Japanese magazine "Model Press" that he is indeed aiming to launch a male version of the "Nizi Project," through which NiziU was formed, and an American idol group although it was not mentioned whether it will be a boy or girl group.
ALSO READ: Stray Kids, ITZY & 2PM: These JYP Entertainment Talents are Reportedly Making a Comeback in April
Also, it was confirmed at that time that J.Y. Park was already planning the two projects but was contemplating on which project to start first.
For more news updates about other K-Pop news, always keep your tabs open here at Kpopstarz.
Owned by Kpopstarz.
Written by Mhaliya Scott