YG Entertainment has faced a challenging year in 2024, marked by a significant decline in revenue. According to financial reports, the company is expected to generate $250.5 million in revenue but will suffer an estimated operating loss of $16.4 million, resulting in a net deficit of over $342,000.
This downturn is particularly concerning as it marks the first time in YG’s history that the company will report both a net income deficit and an operating loss in the same year. Even during financial difficulties in 2019, YG did not experience an operating loss.
To recover in 2025, YG is shifting its focus entirely to the music industry. As part of this strategy, the company will shut down its actor management division and redirect all efforts toward artist development.
A major part of YG’s comeback plan includes the return of 2NE1, who will continue their global reunion tour, and BLACKPINK, who are set to release a highly anticipated new album followed by a grand world tour. These key moves are expected to revitalize YG’s financial standing and reinforce its dominance in the K-pop industry.
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.jpg "JENNIE & Dominic Fike Drop \"Love Hangover\" MV – A Story of Passion and Regret")
