JYP Entertainment
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| Public | |
| Traded as | KRX: |
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| Founded | April 25, 1997 |
| Founder | J.Y. Park |
| Headquarters | Seoul, South Korea |
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Area served
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Worldwide |
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| Revenue |
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| Owner | J.Y. Park (60.07%) |
| Subsidiaries |
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| Website | english |
US$43,700,000 (2014)JYP Entertainment (Korean: JYP 엔터테인먼트) is a South Korean entertainment company established by Park Jin-young in 1997. The company operates as a record label, talent agency, music production company, event management and concert production company, and music publishing house. It is currently one of the largest entertainment companies in South Korea.
JYP Entertainment is currently the home of artists including the 2AM, 2PM, Miss A, Baek A-yeon, 15&, JJ Project, Got7, Bernard Park, G.Soul, Day6, and Twice, and formerly to artists like Park Ji-yoon, god, Rain, Wonder Girls, Sunmi and HA:TFELT.
It was reported that for the year 2014, JYP Entertainment took revenues of KR₩48.5 billion (approximately US$43 million) with net profits of KR₩7.85 billion (US$7.07 million).
JYP Entertainment was founded in 1997 by South Korean singer and record producer Park Jin-young. Although its production and trainee system largely followed that of S.M. Entertainment, it initially focused on breaking into the American market, opening the studio and headquarters of its US branch, JYP USA, in New York City on June 20, 2007.
In June 2009, JYP Entertainment and the Jonas Group signed a management deal that allowed the Wonder Girls to join the Jonas Brothers' World Tour in selected cities as the opening act.
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.
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