Tuesday (9/2), the Data Chart Informing the US Music Charts, Award Ceremony, And Real-Time News, Reporting That BLACKPINK's Album Sales Raised 150 Percent.
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BLACKPINK (Black Pink) greeted fans through an online concert entitled "THE SHOW" which was held at the end of last month. Apparently, the concert had a good influence on the physical album sales of the 4-member girl group.
On Tuesday (9/2), Chart Data, which informs the US music charts, award ceremonies, and news in real-time, reported that BLACKPINK's album sales increased 150 percent. The sales figures show an increase since BLACKPINK's first online concert, 'THE SHOW,' which was held on January 31st. Album sales in the United States alone are up 150 percent.
Not only that, BLACKPINK also rose sharply by about 160 percent on Rolling Stone's Top 200 album chart. This is the third largest weekly increase in history. BLACKPINK's online concert generated over 10 billion KRW (around IDR 126 billion) during the 90 minute event.
Source: Allkpop
YG Entertainment stated, "We are thinking about which platform to show fans the first concert. We decided to work with YouTube because they suggested this method first." YG Entertainment has remained tight-lipped about profit distribution, but the industry estimates that YouTube may have made an unconventional proposal to BLACKPINK.
YG Entertainment's stock price seems to be going down due to a series of controversies by the artist's agency. However, YG Entertainment shares are expected to rise in the first quarter of this year with a series of solo activities from Rose and Lisa.
According to predictions by KTB Investment & Securities last month, YG Entertainment is estimated to have 67.5 billion KRW (around Rp. 852.5 billion) in sales, an increase of 27.8 percent from the same period last year, and 4.5 billion KRW (around Rp. 56.8 billion) in operating profit surplus. (wk / dewi)
