JYP Entertainment
JP Morgan Asset Management (1.12%) | |
Number of employees | 385[4] |
---|---|
Divisions | See below |
Website | www |
Footnotes / references [5][6][7] |
JYP Entertainment Corporation (
Notable artists under the agency include the groups 2PM, Day6, Twice, Boy Story, Stray Kids, Itzy, NiziU, Xdinary Heroes, Nmixx, and Vcha.
History
1997–1999: Formation and first generation K-pop artists
JYP Entertainment was founded in 1997 by South Korean singer-songwriter Park Jin-young (named after his stage name, J. Y. Park) as Tae-Hong Planning Corporation, which eventually became JYP Entertainment in 2001. In 1997, the company signed its first artist and female solo artist, Pearl.
In 1999, entertainment company
2000–2009: Early success and second generation K-pop artists
In December 2000, JYP signed Rain as a trainee, who made his debut two years later in May 2002.[14][15] Rain would then rise to become a commercial success throughout and beyond Asia,[16] which was seen when his third studio album, It's Raining, went on to record cumulative sales of over 1 million copies in seven Asian countries, including Korea.[17]
On December 27, 2002, the company's first boy group was a four-member vocal oriented group
Other notable artists that debuted under JYP from the years 2000 to 2005 include Park Ji-yoon, Byul, Lim Jeong-hee, Ryanga Rhanga, and Ivy. In May 2006, JYP formed its first girl group, Wonder Girls,[19] who became a commercial success and was the first South Korean group to enter the Billboard Hot 100 in 2009 when their song "Nobody" charted at No. 76.[20][21] Their success lead to a management deal with the Jonas Group, which allowed the Wonder Girls to open the Jonas Brothers's world tour in select cities.[22]
In 2007, Rain left JYP and established his own agency called J. Tune Entertainment, but stated that he kept his collaborative relationship with J. Y. Park.[23]
In 2008, the competitive reality series Hot Blood Men was created, pitting two teams of male trainees against each other for the chance to debut. The winning group, One Day, was later split into two boy bands,
Expanding its endeavors into the drama production industry following in the footsteps of SM Entertainment Group's SM C&C and CJ E&M (now CJ ENM)'s Studio Dragon, JYP jointly established the TV drama production company Holym with KEYEAST Entertainment in June 2009.[28] Holym later announced its first major TV drama production, Dream High, in 2010.[29]
2010–2017: Joint ventures and third generation K-pop artists
In March 2010, JYP made a joint venture with SM Entertainment, YG Entertainment, Star Empire, Media Line, CAN Entertainment and Music Factory Entertainment to establish KMP Holdings, the official distributor of releases from these companies.[30] On December 28, 2010, it was announced that JYP has become the largest shareholder of J. Tune Entertainment.[23][31] The subsidiary AQ Entertainment was later formed and introduced the Chinese-Korean girl group Miss A.
In November 2011, the US-based subsidiary JYP Creative was established and it was reported that Park invested approximately US$1.2 million in the branch. However, after a year of operation, the company reportedly saw a net loss of around US$1.5 million by the end of 2012, forcing the CEO to liquidate the branch and close all US operations, including the New York branch.
In 2012, JYP Pictures signed a contract with China Eastern Performing Arts Group to co-produce a movie Hold Your Hand, featuring actors who belonged to JYP.[35]
On June 20, 2013, the plan to merge the
In January 2014, the seven talent agencies behind
The subsidiary
Venturing into the Chinese market, JYP established a music distribution partnership with China Music Corporation on February 19, 2016.[59] This was followed by JYP jointly establishing Beijing Xin Sheng Entertainment Co. Ltd. with Tencent Music Entertainment in the same year,[60] which oversaw the debut of the Chinese boy band Boy Story.[61] Got7 member Jackson Wang later announced his solo endeavors in the country.[62]
On July 1, 2017, JYP acquired a property worth 20.2 billion KRW (US$18 million) in Seongnae-dong, Gangdong District, Seoul to be used as its new office.[63] A partnership with DailyMotion, Europe's largest video platform, was also signed to open its artist channel on its platform to secure a more global fan base.[64][65]
2018–2020: Further success and fourth generation K-pop artists
On January 31, 2018, it was reported that JYP entered into a music business agreement with SM Entertainment,
On January 21, 2019, JYP announced they would be debuting a new girl group named
On January 6, 2020, Shinhan Card announced that it has collaborated with JYP to release a 'JYP Fan's EDM Check Card' (JYP Check Cards). Certain percentages of the amount used when making payments at JYP's domestic and international affiliates using the check cards are donated to Make-A-Wish Korea in line with the company's EDM campaign. The check cards are available in four types: JYP, Got7, Day6 and Twice.[83] On February 24, it was announced that JYP entered into a "strategic partnership" with Republic Records, with Twice being signed under the label for American promotions.[84] On August 4, 2020, JYP announced its collaboration with SM to establish Beyond LIVE Corporation (BLC), a joint company for virtual concerts. BLC was formed in order to develop the online concert series Beyond Live, with the goal of further growing the platform into an international online concerts brand.[85][86] Later, in an interview with Forbes released on August 31, J.Y. Park shared that there are talks for a girl-group competition show based in America similar to that of Sixteen and Nizi Project.[87] It was reported on November 17, 2020, that JYP Entertainment invested 5 billion KRW in Naver Z, the developer of the online avatar app Zepeto.[88]
2021–present: Recent developments
On January 10, 2021, it was reported that all the members of Got7 were leaving the company upon the completion of their 7-year contract.
On January 26, 2022, JYP announced that they would be debuting a new girl group named Nmixx on February 22, with their debut single album, Ad Mare.[94] On February 10, JYP expanded their strategic partnership with Republic Records after Twice started to succeed in the United States. Following the announcement, Republic signed Stray Kids and Itzy under the label for American promotions.[95] In April, it was reported that the market cap of JYPE had soared from 1.33 trillion KRW in the previous year to 2.24 trillion KRW, an increase of 1 trillion KRW in the first three months of 2022. The Korea Exchange reported that the company's stock prices soared to 66,200 KRW on April 8, breaking its all-time record and marking the first time that JYP Entertainment has entered the 60,000 KRW range since its listing in August 2001.[96] On July 12, all members of Twice renewed their contracts with JYP Entertainment.[97] On September 26, all members of Day6 also renewed their contracts with the label.[98]
Joint ventures
Music distribution
JYP Entertainment's records are distributed worldwide by The Orchard since March 2019.[99]
KMP Holdings and KT Music
In March 2010,
United Asia Management
In 2011, JYP joined forces with SM, YG, KeyEast, AMENT, and Star J Entertainment to form United Asia Management in an effort to promote Korean pop music internationally.[100]
FLO
On January 31, 2018,
Beijing Shinsung Entertainment
On April 5, 2017, Ocean Music and JYP jointly established the Beijing Xin Sheng Entertainment Co., Ltd. for indoor recreational facilities operation, organization of cultural and artistic exchanges, film and television planning, and other aspects of cooperation. A few months later,
NCC Entertainment (NCC Station)
NCC is a jointly produced management team by Tencent Music Corporation and JYP Beijing Cultural Exchange Ltd located in Beijing, China.[60] Currently, it is working to promote its Chinese artists more despite the ban placed on Korean entertainment and to further promote Boy Story, a new Chinese boy group, in China.[103]
Labels
Branches
- JYP Beijing Cultural Exchange Ltd (JYPE China): The Chinese division of JYP, and the company's first official external branch in China. It was opened in 2008 and has two subsidiaries:
- Fanling Culture Media Ltd
- Beijing Shisung Ent. Ltd (joint venture with Tencent)
- (NCC) New Creative Culture
- JYP Entertainment USA Inc: The American division of JYP. It was established in 2008.
- JYP Entertainment Japan Inc: The Japanese division of JYP. It was established in 2009.
- JYP Entertainment Hong Kong Ltd:[104] The Hong Kong division of JYP. It was established in 2017.
Divisions
- JYP Publishing Corp: An affiliated company of JYP founded in February 2008 which houses record producers and songwriters under the label.[105]
- JYP Foods Inc: JYP Foods Incorporated was founded in 2010.[106]
- Studio J Bar was created on June 2, 2016, as a collaboration between JYP and Y1975, a well-known bar in the Chungdam District.[107]
- The Street is a brunch café owned by JYP. It has two branches: the main branch is located nearby the JYP Entertainment office building, and the other branch is located in the Gyeongridan area in Itaewon. The café is mostly used for interviews or meetings held by J.Y.Park and other artists under JYP.[108]
- JYP Actors: The company's acting division which was founded in 2011 and was led by JYP vice-president Pyo Jong-rok. As of September 1, 2019, JYP Actors has become defunct with its actors moving into a new start-up company established by Pyo Jong-rok called Npio Entertainment.[82]
- JYP Pictures: The company's film and TV drama production division that was founded in March 2011 along with other subsidiaries.
- JYP Pictures Co., Ltd Korea, established in 2013. It became defunct as of September 1, 2019
- JYP Pictures Co., Ltd China, established in 2014.
Subsidiaries and sub-labels
- J. Tune Entertainment: A South Korean record label and entertainment company founded by former JYP artist Rain in November 2007, it was announced in December 2010 that JYP had become the largest shareholder of J. Tune Entertainment.[31] In December 2013, J. Tune Entertainment was fully merged into JYP.
- Studio J: An in-house label established by J. Y. Park in January 2015 with the goal of putting focus on independent artists outside of the mainstream K-pop aesthetic. The singer G. Soul was revealed to be the first artist under Studio J.[52][53] Currently, the subsidiary houses the rock bands, Day6 and Xdinary Heroes.
- SQU4D:[a] A division of JYP Entertainment, it is the latter's fourth (hence the number "4" in its name) artist management label. Led by Lee Ji-young (the first woman to head a JYP Entertainment artist management division since its foundation), it currently houses Nmixx.[109][110]
Philanthropy
On March 18, 2011, JYP donated US$300,000 for Japanese disaster relief.[111][unreliable source?] On October 24, 2011, JYP Entertainment and 2PM donated US$130,000 for flood victims in Thailand.[112][unreliable source?]
During the COVID-19 pandemic, JYP donated US$410,000 to the Community Chest of Korea on February 28, 2020.[113]
On March 8, 2022, JYP made a donation ₩300 millions to the Hope Bridge Disaster Relief Association to help the victims of the massive wildfire that started in Uljin, Gyeongbuk and has spread to Samcheok, Gangwon.[114]
On February 12, 2023, JYP donated 500 million won to help
Artists
Artists under JYP Entertainment are collectively known as "JYP Nation".[116]
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Studio J
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Others
- Boy Story (New Creative Content Entertainment)
- NiziU (JYPE Japan Inc., co-managed with Sony Music Japan)
- Yao Chen (Fanling Culture Media Ltd.)
- Nmixx (SQU4D)
- Vcha (JYPE USA. Inc.)
- Nexz (JYPE Japan Inc., co-managed with Sony Music Japan)
JYP Publishing
Producers[117] |
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Choreographers
|
Former artists
Former musicians
- Pearl (1997–2000)
- g.o.d (2003–2005)
- Danny Ahn (2003–2005)
- Yoon Kye-sang (2003–2005)
- Kim Tae-woo (1998–2006)
- Son Ho-young (2003–2006)[119]
- Joon Park (2003–2006)[119]
- Park Ji-yoon (2000–2003)
- Noel (2002–2007)
- Jeon Woo-sung (2002–2007)
- Lee Sang-gon (2002–2007)
- Na Sung-ho (2002–2007)
- Kang Kyun-sung (2002–2007)
- Rain (2002–2007)[120]
- Byul (2002–2006)[120]
- Lim Jeong-hee (2005–2012)[121]
- Wonder Girls (2007–2017)[122]
- 2PM
- Jay Park (2008–2010)
- Ok Taec-yeon (2008–2017)[127][b]
- Hwang Chan-sung (2008–2022)[128][c]
- 2AM (2008–2010, 2014–2017)[129]
- Lee Chang-min (2008–2010, 2014–2015)[130]
- Jeong Jin-woon (2008–2010, 2014–2015)[131]
- Lim Seul-ong (2008–2010, 2014–2015)[131]
- Jo Kwon (2008–2010, 2014–2017)[132]
- Joo (2008–2015)[133]
- San E (2010–2013)[134]
- Miss A (2010–2017)[135]
- 15& (2012–2019)
- Park Jimin (2012–2019)[140]
- Baek Yerin (2012–2019)[141]
- Baek A-yeon (2012–2019)[142]
- JJ Project (2012–2021)[143]
- Got7 (2014–2021)[143]
- G.Soul (2015–2017)[144]
- Day6
- Jeon Somi (2014–2018)[147]
- Stray Kids
- Jus2 (2019–2021)[143]
- Bernard Park (2014–2022)[149]
- Nmixx
- Jinni (2022)
Former actors and actresses
- Cho Yi-hyun (2018–2019)
- Choi Woo-shik (2012–2018)[150]
- Jang Dong-ju
- Jang Hee-ryung
- Jung Gun-joo
- Kang Yoon-je
- Kim Ha-eun (2007–2008)
- Kim Ji-min
- Kim Jong-mun
- Kim Ye-won (2015–2018)
- Kim Yu-an
- Lee Gi-hyuk
- Lee Ji-hyun
- Lee Jung-jin (2012–2016)[151]
- Min Hyo-rin (2014–2017)[152]
- Nam Sung-jun
- Park Gyu-young (2015–2019)[153]
- Park Ji-bin (2015–2017)
- Park Joo-hyung
- Park Si-eun (2017–2019)[154]
- Ryu Won
- Song Ha-yoon (2013–2019)[155]
- Wei Daxun (2014–2017)
- Yeon Jung-hoon (2011)[156]
Actors
In July 2019, the agency announced changes to its actor management division, confirming that it would be jointly managing together with the new start-up company Npio Entertainment. It was decided that actors Yoon Park, Shin Eun-soo, Kang Hoon, Shin Ye-eun, Kim Dong-hee, and Lee Chan-sun are staying in the agency for the remainder of their contract periods. All other actors ended their contracts by mutual agreement.[157]
Discography
Concerts
- JYP Nation 2010 "Team Play"
- December 24, 2010: Seoul (Olympic Gymnastics Arena)
- JYP Nation 2011
- August 17–18, 2011: Saitama (Saitama Super Arena)
- JYP Nation 2012
- August 4, 2012: Seoul (Olympic Gymnastics Arena)
- August 18–19, 2012: Tokyo (Yoyogi National Gymnasium)
- JYP Nation 2014 "One Mic"
- August 9–10, 2014: Seoul (Jamsil Gymnasium)
- August 30, 2014: Hong Kong (AsiaWorld-Expo)
- September 5–7, 2014: Tokyo (Yoyogi National Gymnasium)
- December 13, 2014: Bangkok (Impact Arena, Muang Thong Thani)
- JYP Nation 2016 "Mix & Match"
- August 6, 2016: Seoul (Jamsil Gymnasium)
- September 2–4, 2016: Tokyo (Yoyogi National Gymnasium)
Filmography
Film
- 2015: I Wanna Hold Your Hand
- 2019: Homme Fatale
Television
- 2011: KBS2 Dream High
- 2012: KBS2 Dream High 2
- 2017: JTBC The Package
- 2018: JTBC The Third Charm
- 2019: JTBC Chocolate
Web drama
- 2015: Dream Knight
- 2016: Touching You
- 2016: Romantic Boss
- 2017: Magic School
Programs
- 2006: MTV Wonder Girls (creation of Wonder Girls)
- 2008: Hot Blood Men (creation of One Day, further split into 2PM and 2AM)
- 2012: MTV Diary (reality show for JJ Project)
- 2014: Real GOT7 (reality show for Got7)
- 2015: Sixteen (creation of Twice)
- 2017: Stray Kids (creation of Stray Kids)
- 2019: Super Intern (creation of full-time JYP Entertainment employees)
- 2020: Nizi Project (creation of NiziU)
- 2021: Loud(creation of new boy group)
- 2023: A2K (America2Korea) (creation of Vcha)
- 2023: Nizi Project Season 2 (creation of Nexz)
Notes
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External links
- Official website (in English)