K-pop and BLACKPINK label YG Entertainment named Yang Min-seok sole CEO. The company also represents artists including BABYMONSTER.
Yang Min-seok takes the helm of a storied Korean music company with surging revenue and a bonafide superstar act in BLACKPINK. Last year, YG Entertainment’s annual sales rose 65% to 569.2 billion won . BLACKPINK’s album,, reached No. 1 on the Billboard 200 on Oct. 1, 2022, and spent 13 weeks on the chart. The group’s 66-datereached across North America, Europe, Asia and Oceania before culminating with two shows at the 35,000-capacity Gocheok Sky Dome in Seoul, South Korea in September. .
Also at the meeting, YG Entertainment’s shareholders approved a dividend of 300 won per share that will pay out a total of 5.56 billion won . In 2023, the company earned a per-share profit of 4,120 won on net income of 77 billion won , up 46% from 2022. Cher Accepts Icon Award in 40-Year-Old Pants, Duets With Jennifer Hudson at iHeartRadio Music AwardsLawyer for Lizzo’s Dancers Calls Out Singer Following ‘I Quit’ Post, Says It’s an ‘Outburst Seeking Attention’.
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