South Korea music revenues grew by 31.7% in first half of 2022

Korean creative industry body KOCCA’s report on the first half of 2022 held good news for South Korea’s music industry. The post South Korea music revenues grew by 31.7% in first half of 2022 appeared first on Music Ally. Source: Music ally

Hybe revenues grow and Com2uS buys stake in SM Entertainment

K-Pop giant Hybe has published its financial results for the third quarter of 2022. The post Hybe revenues grow and Com2uS buys stake in SM Entertainment appeared first on Music Ally. Source: Music ally

Data suggests YouTube Music is rising fast in South Korea

The music industry knows all about YouTube’s role in bringing K-Pop music to the world, from Psy’s ‘Gangnam Style’ to the success of BTS and Blackpink. The post Data suggests YouTube Music is rising fast in South Korea appeared first on Music Ally. Source: Music ally

Apple set to allow alternative payment systems in South Korea

Apple will abide by new rules in South Korea that ban app store owners from forcing developers to use their own in-app payment systems. The post Apple set to allow alternative payment systems in South Korea appeared first on Music Ally. Source: Music ally

Spotify faces K-Pop conundrum after loss of Kakao M catalogue

Spotify is excited about having finally launched in South Korea, but the company will be rather less excited about losing a significant chunk of its K-Pop catalogue globally. After licensing negotiations broke down with one of South Korea’s biggest distributors, Kakao M, the latter’s music has been removed from the streaming service. The fact that […]

Big Hit Entertainment revenues grew 36% to $716.7m in 2020

K-Pop giant Big Hit Entertainment had an excellent 2020 despite the Covid-19 pandemic. Its financial results, published yesterday, revealed that the company behind BTS’s revenues grew by 36% last year to KRW 796.3bn (around $716.7m). The breakdown is very interesting too. Concert revenues dropped off a cliff, unsurprisingly: down 98% to KRW 3.4bn. However, album sales […]

Country Profile – South Korea 2021

South Korea’s music business remains buoyant in 2021, with digital music in particular on the rise – despite K-Pop fans’ enduring love of physical goods The post Country Profile – South Korea 2021 appeared first on Music Ally. Source: Music ally

South Korean video services protest at increased music rates

A group of video streaming services in South Korea are protesting at plans to increase the royalties they pay for music used in the content on their platforms. The Korea Herald has the story, which explains that the Korea Music Copyright Association (Komca) proposed an increase in rates for Korean video services from 0.625% of […]

Big Hit Entertainment investing in K-Pop rival YG Entertainment

As we’ve found out when reporting on any story comparing BTS and Blackpink, different K-Pop fandoms can be… competitive. So it’s anyone’s guess what they’ll make of the news that BTS’s parent company Big Hit Entertainment is planning to invest 70bn won (around $63m) in rival YG Entertainment, which includes Blackpink, Bigbang and Psy among […]

WMG’s ADA Worldwide follows LatAm expansion with Asia launch

Warner Music Group’s distribution arm ADA Worldwide is on an expansion drive. In July, it launched ADA Latin to oversee Latin America and Latin music in the US as well as Spain and Portugal. Now it’s turning its attention to Asia. ADA Asia will be headquartered in Singapore, with a remit to sign up artists and independent […]

The latest BTS product is a Korean language-learning kit

In March, BTS launched a new video series online called ‘Learn Korean with BTS’ – 30 three-minute lessons teaching their global fanbase how to speak the band’s native language. Now this has evolved into a physical package developed by the educational arm of Big Hit Entertainment, the band’s management company. The new product includes four textbooks and a […]

What can the global music industry learn from K-Pop and South Korea?

K-pop is the genre that ate the world whole. Acts like BTS, Blackpink, Twice and TVXQ are not just some of the biggest acts within the genre – they are some of the biggest acts in the world. There is a lot that other artists can learn from how K-pop markets itself, how its acts […]

Sandbox Issue 255: K-Pop. What the Global Music Industry can learn from South Korea

Lead: K-pop is eating the world whole and is changing what marketing – especially superfan-centric marketing – can do. We speak to those working in and around the K-pop world to learn how the genre markets itself, where its acts engage with their fans to build incredible levels of loyalty, why trans-media marketing underscores everything they do […]

BTS로 한국어 배우기 (that’s ‘Learn Korean with BTS’ in Korean)

We really hope that means ‘Learn Korean with BTS’ – blame Google Translate if not! We wrote about Weverse earlier this year as part of our report on K-Pop giant Big Hit Entertainment’s latest financial results: it’s a fan community platform focusing on artists including BTS, TXT, Seventeen and Gfriend, launched by Big Hit subsidiary beNX. Now it […]

South Korean DSP changes chart to battle ‘distorted’ streams

Flo, owned by SK Telecom, is one of the main music streaming services in South Korea. It used to run a near-real-time chart (updated hourly) showing what the most popular songs were on the platform. That has now been replaced by a new Flo Chart that updates every 24 hours that allows it to use […]

Study points to heavy (Android) use of YouTube in South Korea

Analytics firm Wiseapp has published some new estimates for YouTube’s popularity in South Korea. Well, its popularity on Android smartphones anyway. The company reckons that YouTube had nearly 34 million Android users in South Korea at the end of 2019, up 6% year-on-year. This, in a country with a population of 51.5 million, as TechCrunch points […]

South Korea now has more than 10m paying music subscribers

Around one in five people in South Korea now subscribe to a music streaming service, as the country’s golden age for music – and for the music industry – shows little sign of abating. Recent industry estimates suggest that the total number of paying music subscribers in South Korea, across all domestic and international platforms, […]

Country Profile – South Korea 2020

Standing astride a hugely successful domestic output, the South Korean music industry is thriving across the genres and 2019 figures are expected to show another strong period of growth The post Country Profile – South Korea 2020 appeared first on Music Ally. Source: Music ally

Music’s global evolution: K-Pop, China, and Eastern Europe

The second morning at this year’s NY:LON Connect conference focused on ‘emerging international and influential markets’. Three territories in particular: South Korea, China, and Russia / Eastern Europe. The track began with a keynote from Sun Lee, YouTube’s head of music content partnerships and subscriptions for Korea and Greater China. Lee was interviewed by Billboard […]

BTS are top-ups of the pop-ups

The idea of the pop-up tied into an album release is hardly new and often involves taking over a small and recently vacated shop (or the site of a different pop-up from the previous week) and selling a few T-shirts and posters from it, hoping the pop stars themselves show up to gain a bit […]

BTS fuelled Big Hit Entertainment surge in first half of 2019

Korean music firm Big Hit Entertainment held its latest media briefing yesterday, and dropped some impressive numbers to show how its business is surging in 2019. The company’s revenues in the first half of 2019 were more than 200bn Won (around $166m) – already more than Big Hit’s revenues for the whole of 2018. And […]

BTS success fuelled record year for Big Hit Entertainment

You may have noticed that K-Pop band BTS are just a little bit popular around the world. That’s now translating into financial success for the company behind them, Big Hit Entertainment. The firm reported a 132% growth in its annual revenues to 214bn won (around $190m) in 2018, with an operating profit of 64.1bn won […]

Country Profile – South Korea 2019

The post Country Profile – South Korea 2019 appeared first on Music Ally. Source: Music ally

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