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YG Entertainment Inc. ( korean : YG 엔터테인먼트 ) is a confederacy korean multinational entertainment means established in 1996 by Yang Hyun-suk. [ 5 ] The party operates as a record label, endowment agency, music production company, event management and concert production caller, and music print house. In addition, the caller operates a issue of auxiliary ventures under a separate populace traded company, YG Plus, which includes a clothe line, a golf management agency, and a cosmetics trade name. [ 6 ]

stream artists include Sechs Kies, Big Bang, Akdong Musician, Winner, picture, Blackpink, and Treasure deoxyadenosine monophosphate 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, Son Na-eun, and Yoo Seung-ho. other noteworthy artists include Jeon Somi, who is under YG Entertainment ‘s subsidiary company The Black Label. 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, Sandara Park and T.O.P .

history

1996–2005 : rap roots, early success and foremost coevals K-pop

In March 1996, Yang Hyun-suk, a erstwhile member of the first-generation K-pop group Seo Taiji and Boys, founded YG Entertainment along with his younger buddy Yang Min-suk. [ 5 ] [ 7 ] The company ‘s first base artist was the rap trio Keep Six. When they failed to attract popularity, Yang turned his focus to the duet 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 besides 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 Japan with its first “ paragon “ 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 introduction failed to gain momentum. [ 10 ]

2006–2011 : mainstream discovery

[11]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 gear idol group Big Bang in 2006. Despite an initial lukewarm reception, the group ‘s breakthrough the play along year and their coherent popularity have made them one of the biggest and most bankable boy bands in the world. [ 12 ] This was followed by YG ‘s first base successful daughter group 2NE1 in 2009, [ 13 ] who, anterior to their split in 2016, were considered one of the most successful and popular girlfriend groups in South Korea. [ 14 ] [ 15 ] Similarly to Seven, both groups conducted successful careers in Japan. [ 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 affect into a modern build, while the honest-to-god headquarters became a prepare facility. [ 19 ] [ 20 ] In the same year, the company unsuccessfully applied for listing on the stock commute ; it was suspected that this was because the company had besides few active music groups and an precarious cash flow, despite an increase in earnings in 2009. [ 21 ] Later that year, the label signed established artist Psy. [ 22 ]

2012–2016 : International recognition and business expansion

2012 brought YG international recognition when Psy ‘s “ Gangnam Style “ gained cosmopolitan popularity as a viral video. On August 21, it charted at count 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 watch video recording in YouTube history, and the first television to surpass a billion views. [ 24 ] [ 25 ] The song 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 beginning annual report in 2012 with profits of over 50 % [ 27 ] after going public on the KOSDAQ the year ahead. [ 6 ] That same year, the tag signed rapper and manufacturer Tablo, leader of the hip hop group Epik High, relaunching his career after a musical foramen following his Stanford controversy. [ 28 ] Tablo ‘s ring Epik High late transitioned into the record tag following his achiever. [ 29 ] Yang ‘s increase participation on competitive reality television series led to several record deals with contestants, starting with K-pop Star ’ s beginning season runner-up Lee Hi. [ 30 ] other participants on the display were signed as potential members of the label ‘s future male child groups. On the second season of the show, both the winners, sibling couple Akdong Musician american samoa well as runner-up Bang Ye-dam, signed under the means. [ 31 ] [ 32 ] Additionally, the reality program Win: Who is Next was by and by launched by YG, in which two teams of male trainees competed against each other for the casual to sign a contract with the label to debut as the company ‘s future son band. The ending of the world series saw the formation of Winner. [ 33 ]

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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 2014, 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 representation K-Plus, it expanded its dissemble division through the act debuts of models Lee Sung-kyung and Nam Joo-hyuk. [ 35 ] YG besides signed a contract with actress Choi Ji-woo. [ 36 ] [ 37 ] [ 38 ] [ 39 ] french lavishness elephantine LVMH ‘s individual equity arm, L Capital Asia, by and by announced that it would be investing up to US $ 80 million in YG. Headquartered in Singapore, L Capital Asia would become the second-largest investor in YG with an 11.5 % bet on, second only to Yang Hyun-suk ‘s 28 %. [ 40 ] In 2014 YG besides expanded into the beauty diligence with the creation of its cosmetics brand Moonshot. [ 41 ] [ 42 ] In 2015, YG invested about US $ 100 million in a raw Gyeonggi-do -based industrial complex which was slated to be arrant by December 2018. [ 43 ] actual estate in Seoul worth ₩ 16 billion ( US $ 14 million ) was besides purchased for the determination of expanding their headquarters. [ 44 ] In that year, the ship’s company besides saw the creation of two sub-labels, the first led by Tablo [ 45 ] and the moment headed by YG producers Teddy Park of 1TYM and Kush of Stony Skunk. [ 46 ] Additionally, the members of the losing team from the world series WIN: Who is Next regrouped and debuted as picture, along with a newfangled extremity. [ 47 ] 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 In April 2016, Gong Minji, the youngest member of 2NE1 announced that she had left 2NE1, YG Entertainment stated that the group would continue as a three. [ 48 ] [ 49 ] however, in November 2016, YG announced that CL and Dara had renewed their contracts as solo artists, indicating Park Bom ‘s departure from the agency and the disbandment of 2NE1. [ 50 ] [ 51 ] On January 21, 2017, 2NE1 appeared as a three and released “ Goodbye ” as a farewell song that CL wrote when she heard the news of Minji ‘s departure. [ 52 ] Sixteen years after the group ‘s disbandment, first-generation K-pop boy ring Sechs Kies signed a contract with YG in May 2016 to relaunch their career. [ 53 ] [ 54 ] [ 55 ] In the lapp calendar month, Chinese technology enterprises Tencent and Weiying Technology announced an investment of US $ 85 million in YG. Weiying took an 8.2 % venture in the ship’s company and Tencent a 4.5 % bet on. [ 56 ] YG late added Lee Jong-suk, [ 57 ] Kang Dong-won, [ 58 ] and Kim Hee-jung [ 59 ] to their number of actors. YG debuted their second girlfriend group Blackpink in 2016, their first since 2NE1, [ 60 ] followed by the solo rapper One the follow year. [ 61 ]

2017–2019 : Scandals, controversies, and artists passing

At the end of 2017, YG with JTBC launched a endowment survival prove entitled Mix Nine, a contest between trainees from different agencies. [ 62 ] [ 63 ] Although the winning team was scheduled to debut as idols, [ 64 ] YG revealed that the debut for the male winning group had been cancelled. [ 65 ] [ 66 ] The bankruptcy of the indicate led to receive losses of ₩7 billion won in the first quarter and ₩4 billion won in the last three months of 2017, [ 11 ] [ 67 ] causing JYP Entertainment to surpass YG as the second-highest valued K-pop ship’s company. [ 68 ] Billboard’s World Digital Song Sales chart.[69][70]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. [ 71 ] Epik High extremity Tablo announced that his rap group had terminated its contract with YG after six years of working together in October 2018. [ 72 ] At the same prison term, HIGHGRND and it artist have been released from YG and Epik High. In November 2018, YG announced YG Treasure Box, a talent survival indicate to determine the line-up for their adjacent boy group scheduled to debut in 2019. [ 73 ] YG late announced that this consequence would produce two groups, Treasure and Magnum, both of whom would be active as prize 13. [ 74 ] In 2019, the Burning Sun scandal involving Big Bang Seungri heated astir and resulted in Seungri ‘s decision to retire from the entertainment diligence so that he could focus on the legal case that dragged his name, he formally announced his retirement on March 11, 2019. [ 75 ] comedian Yoo Byung-jae decided to leave YG before his contract ended, after this scandal far dragged the diagnose of the means. [ 76 ] In early June 2019, B.I, the leader of picture, was reported to have attempted to purchase LSD and marijuana illegally in 2016, he announced his apology to fans and declared his departure from picture and YG Entertainment. YG Executive Producer, Yang Hyunsuk was besides reported to have colluded with the police to cover up the B.I encase, [ 77 ] In accession, Yang is besides accused of money laundering, illegal gamble, and preparing sexual services for potential investors. [ 78 ] [ 79 ] due to this series of scandals and controversies, Yang Hyun Suk resigned from all his positions at the representation. similarly, his younger brother, Yang Min Suk, relinquished his position as CEO of YG Entertainment as a shape of accountability. This resignation was officially announced on June 14, 2019. [ 80 ] [ 81 ] [ 82 ] then CFO Hwang Bo-kyung was appointed as the new CEO of YG on June 20, 2019 [ 83 ] In July 2019, rapper One announced that he had parted ways with YG and founded his own sole agency. [ 84 ] Following 2NE1 ‘s disbandment in 2016, CL announced that she would not be renewing her abridge with YG Entertainment in November 2019. [ 85 ] At the end of December 2019, solo singer Lee Hi announced that YG was no longer his means, not long after that shereleased a fresh album with AOMG. [ 86 ] [ 87 ]

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2020–present : late developments

In 2020, YG announced plans for Treasure ‘s introduction which had been delayed since 2019, Blackpink ‘s first full album and Big Bang ‘s rejoinder which was finally delayed until 2022. They were besides expected to appear at the 2020 Coachella concert however it got cancelled due to the Covid-19 pandemic. [ 88 ] During the first half of 2020, YG ‘s fiscal increase lento rebounded after the depression. This was assisted by the direction of its business scheme which was chiefly international fan oriented. [ 89 ] Domestic public opinion calm had not shown a positive influence, but 70 % of YG Entertainment ‘s gross came from abroad fans, most of which came from IKon ‘s first activities after B.I ‘s passing and G-Dragon ‘s activities in China at the time. [ 90 ] During the second half of 2020, YG displayed a positive fiscal drift ascribable to Treasure ‘s debut album series, Blackpink ‘s wide album, Winner ‘s Mino, Yoon ‘s solo activities and AKMU ‘s Suhyun ‘s solo activities. Although not in argumentation with the ask target, this prize is thought to be ascribable to COVID-19, which caused some concerts to be cancelled. [ 91 ] The construction of the new YG Entertainment build was declared complete in September 2020, this build was chosen as the most deluxe and most expensive entertainment means build in South Korea. [ 92 ] [ 93 ] In January 2021, it was reported that Big Hit Entertainment and its technical school division beNX had invested a total of 70 billion won ( US $ 63 million ) in YG Entertainment ‘s subordinate YG Plus, or 17.9 % of the company ‘s total shares. This investment was made as a kind of strategic collaboration between Big Hit Entertainment, beNX, YG Entertainment, and YG Plus, which will work together in respective clientele areas such as platform, distribution, contented, and merchandise. YG Plus is the chief distributor of Hybe Corporation ‘s products and beNX ( now known as Weverse Company ) provides subject and a chopine for YG artists. [ 94 ] [ 95 ] On May 4, 2021, The Korea Exchange announced that YG was demoted in condition from blue-chip companies to regular mid-sized businesses. The condition was acquired in April 2013. The company recorded a net loss of 1.8 billion won and a retort on equity of -0.5 %. Its main clientele, music production and management, has experienced operational losses over the past two years. [ 96 ] In 2022, YG Entertainment announced that Treasure will be coming back with their new album, [ 97 ] the album will be released in February 2022. [ 98 ] After Jinwoo and Seunghoon finished their compulsory military military service in January 2022, Winner gathered with a full lineup and announced that they would soon return with a new album and a full lineup after Seungyoon and Mino actively released solo albums during the group ‘s break, [ 99 ] YG Entertainment announced that Seungyoon will be releasing a one album in March 2022. [ 100 ] Treasure and Winner will be holding concerts in April 2022, individually. [ 101 ] [ 102 ] In February 2022, YG Entertainment announced that Big Bang would be releasing their first rejoinder after a hiatus which lasted for five years. In addition, they besides announced that T.O.P terminated his contract with YG. [ 103 ]

Partnerships

music distribution

YG Entertainment ‘s records are distributed by the postdate :

Genie Music

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 receiver program productions. [ 104 ] It was speculated that this was in challenge to the duopoly on music distribution in Korea by Mnet Media and LOEN Entertainment. [ citation needed ] In November 2012, KMP Holdings was acquired by KT Music. [ 105 ] In January 2014, the seven agencies behind KMP Holdings formed a collective attachment partnership and purchased 13.48 % of KT Music ‘s stocks, leaving parent company KT Corporation with 49.99 %. [ 106 ]

YGEX

YGEX was established on April 12, 2011, as a partnership between Avex and YG for the promotion and spill of all YG ‘s material in Japan. [ 107 ] Prior to this, YG ‘s japanese releases had been in partnership with Nexstar Records, a Nippon Columbia label that managed japanese releases for Seven, [ 108 ] and Universal Music Japan ( which signed a three-year exclusive shrink in 2008 for Big Bang ‘s japanese releases ). [ 109 ]

YGMM

YGMM was established in May 2021 as a form of collaboration with GMM Grammy, Thailand ‘s largest entertainment company with a capital of 200 billion bath ( US $ 5 billion ), the company will focus on entertainment and consult businesses for concerts, field and acting. GMM Grammy is one of the longest-serving mainstream entertainment companies in Thailand having a number of music labels along with television and film productions. GMM Grammy is set to hold a 51 % venture in the company, while the other 49 % belongs to YG Entertainment. [ 110 ] [ 111 ]

other partnerships

United Asia Management

In April 2011, United Asia Management was formed as a joint endowment management means between YG, SM, JYP, KeyEast, AMENT, and Star J Entertainment. [ 112 ]

live nation

YG first collaborated with californian concert forwarding company Live state 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 likely to become a “ ball-shaped artist ”. [ 113 ]

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Asiana Airlines

Asiana Airlines signed a conduct with YG in January 2013, providing transportation for its personnel to and from domestic and external destinations in return for advertise. [ 114 ]

Subsidiaries

Sub-labels

HIGHGRND

HIGHGRND ( read as “ high footing ” ) was an mugwump sub-label headed by Epik High ‘s Tablo. [ 115 ] Announced in March 2015, the label was set up by Yang Hyun-suk under the YG Entertainment umbrella as depart of a long-run goal to reach out to the Korean indie and option setting. On June 21, 2015, Tablo introduced the band Hyukoh via Instagram as the label ‘s beginning official artist. [ 116 ] The ship’s 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. [ 117 ] As of the release of this article, the artists in the label soon revealed that they had signed in with other labels and had early companies to distribute their modern releases that year. In June 2019, YG Plus took over the social media accounts of HIGHGRND and relaunched them under the name SEOUL MUSIC .

The Black Label

Following the successful geological formation of HIGHGRND, on September 22, 2015, YG Entertainment announced the creation of another freelancer sub-label, to be headed by YG Producer Teddy and Kush. [ 118 ] The label presently houses Zion.T, Okasian, Danny Chung ( once known as Decipher ), Vince and Jeon So-mi. [ 119 ]

PSYG

On September 1, 2016, representatives of YG announced that Psy would be leading an mugwump sub-label titled PSYG, a portmanteau of “ Psy ” and “ YG ”. [ 120 ] The tag was registered as a corporate auxiliary in June and marked another chapter in the collaboration between Psy and long-time supporter 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 party in 2010 amidst personal difficulties, having been encouraged by his wife to work with the YG laminitis. [ 121 ] As Psy left the party in mid-2018, PSYG has ended its operations and closed its doors .

YGX entertainment

Yang Hyun-suk announced, in May 2018, that a subsidiary company company called YGX Entertainment would merge with Seungri ‘s DJ label NHR. On June 4, on his official Instagram explanation, he posted a photograph of a business poster showing Seungri as the CEO of YGX. In 2018, the pronounce launched a dancing and vocal academy, called X ACADEMY, where students could potentially be scouted by YG as trainees. [ 122 ]

YG Plus

YG Plus Inc., previously named Phoenix Holdings Inc., is a publicly traded media and ad company acquired by YG Entertainment in November 2014. In 2019, the company entered the music distribution industry and besides engages in output, distribution, and license of merchandise related to music artists. In January 2021, Hybe Corporation and its technology subsidiary company, Weverse Company, acquired 17.9 % of the company in a selling and distribution deal that would see YG Entertainment ‘s artists join Weverse in tax return. [ 123 ] [ 124 ]

Shining Star Culture

besides known as YG China, home to trainees Jane ( 제인/简 ) and Vicky ( 비키/維琪 ). The sub-label was beginning announced on youth With You ( season 2 ). [ citation needed ]

philanthropy

YG pledged to donate 100 acquire for every album sold, 1 % of all trade sales, and 1,000 south korean won for every concert ticket, to charities. In 2009, they raised US $ 141,000, and in 2010 $ 160,000. [ 125 ] The company has besides directly delivered US $ 4,400 worth of charcoal to families in need during the winter temper. [ 126 ] It announced that it would be donating around US $ 500,000 for calamity relief to Japan after the 2011 Tōhoku earthquake and tsunami. [ 127 ] In 2013, Yang Hyun-suk made headlines when he donated all of the dividends he received as a stockholder of YG to help young children needing operation. His dividends totalled around US $ 922,000. [ 128 ] In 2015, YG donated a sum of ₩100 million ( US $ 92,450 ) to the Korean Committee for UNICEF in catastrophe relief following the earthquake in Nepal. [ 129 ] In March 2022, YG donated ₩500 million to Hope Bridge Disaster Relief Association to help residents affected by wildfires in Uljin, Gyeongbuk, Samcheok, and Gangwon. [ 130 ]

Artists

All musical artists and actors under YG Entertainment are jointly known respectively as YG Family and YG Stage. [ 131 ] [ 132 ]

Recording artists

independent artists

Actors

early artists and actors

former artists

former actors and actresses

discography

See besides

Notes

  1. a b c d e f g transferred from YGX, which its actors class was defunct due to focusing alone on the dance group .
  2. a b c d e f g h as part of YGKPlus
  3. ^ While no official disbandment was announced, Jinusean ‘s artist visibility was removed in 2020, signifying the group is no longer active under the label .
  4. ^ While no official disbandment was announced, 1TYM ‘s artist profile was removed in 2014, signifying the group is nobelium longer active under the pronounce .
  5. ^ Despite leaving YG, T.O.P is still an active member of Big Bang
  6. ^ Artists : Hyukoh, Punchnello, OffonOff, Incredivle, The Black Skirts, Idiotape
    Producers : Code Kunst & Millic
  7. ^ While no official disbandment was announced, Hi Suhyun ‘s artist profile was removed in 2019, signifying the group is no longer active under the pronounce .
  8. ^ While no official disbandment was announced, MOBB ‘s artist visibility was removed in 2019, signifying the group is no longer active under the label .

References

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