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SM Entertainment Achieves Record-Breaking Q3 Performance with KRW 50.5 billion Operating Profit, Marking a Phenomenal 70% YoY Surge

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Thursday, November 9, 2023

Music, Events, Concerts, Other Entertainment, Entertainment, Celebrity, DREAM, KMR, KOSDAQ, SM C&C, SMC, Yoy, SM Entertainment, KRW, TVXQ, NCT, Red velvet, EXO, SM, Aespa, Pharmaceutical industry, Q3

On Nov 8, SM Entertainment Co., Ltd. (SM) revealed consolidated operating profit of KRW 50.5 billion for Q3, a staggering 70% YoY increase.

Key Points:

On Nov 8, SM Entertainment Co., Ltd. (SM) revealed consolidated operating profit of KRW 50.5 billion for Q3, a staggering 70% YoY increase.
This achievement is accompanied by a revenue surge of KRW 266.3 billion, a 12% YoY increase.
On a standalone basis, SM reported KRW 48 billion in operating profit, a 77% YoY surge.
SM's subsidiaries also showcased impressive results, with DREAM MAKER posting an operating profit of KRW 3.9 billion, reflecting 38.4% YoY increase.

AmazeVR and SM Entertainment Announce aespa's First-Ever VR Concert Theater Experience in South Korea

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Thursday, September 21, 2023

Meta, Oculus Quest, Co-marketing, Megan, VR, SM Entertainment discography, SM, MYS, Aespa, Virtual reality, SM Entertainment, SXSW, VIP, Video game, Megabox

SEOUL, South Korea, Sept. 20, 2023 /PRNewswire-PRWeb/ -- AmazeVR, the global leader in virtual reality (VR) concerts, has joined forces with Studio Realive, SM Entertainment's wholly owned subsidiary, to host a movie theater VR concert activation for aespa called 'LYNK-POP: THE 1st VR CONCERT aespa' in South Korea this October. Featuring their hit songs, the intimate concert experience will be screened at leading movie theater chain, Megabox.

Key Points:

Fans will be able to experience LYNK-POP: THE 1st VR CONCERT aespa at Megabox COEX
SEOUL, South Korea, Sept. 20, 2023 /PRNewswire-PRWeb/ -- AmazeVR , the global leader in virtual reality (VR) concerts, has joined forces with Studio Realive, SM Entertainment's wholly owned subsidiary, to host a movie theater VR concert activation for aespa called 'LYNK-POP: THE 1st VR CONCERT aespa' in South Korea this October.
Featuring their hit songs, the intimate concert experience will be screened at leading movie theater chain, Megabox.
Following the sold-out, multi-leg success of the Megan Thee Stallion's "Enter Thee Hottiverse" concert tour, the theater activation marks the first-ever VR concert experience collaboration between AmazeVR and SM Entertainment.
Bringing fans together for a one-of-a-kind experience, 'LYNK-POP: THE 1st VR CONCERT aespa' transcends traditional VR video, offering an immersive and interactive encounter where fans can directly engage with the girl group.

KOCOWA Brings New K-Pop Reality Show from SM STUDIO “welcome to NCT Universe” Exclusively to the Americas

Retrieved on:

Thursday, November 17, 2022

View the full release here: https://www.businesswire.com/news/home/20221116006023/en/

Key Points:

View the full release here: https://www.businesswire.com/news/home/20221116006023/en/
welcome to NCT Universe key art (Graphic: Business Wire)
welcome to NCT Universe is a 10-episode reality show that debuts globally on November 16.
A reality show, the welcome to NCT Universe story unfolds when SMROOKIES receive a mysterious invitation that opens the door to a special NEO CITY tour.
In addition to being the premier destination for many K-Pop stars, KOCOWA will be exclusively adding SM C&C-produced library titles and new shows with SM Entertainment artists in the upcoming months.
KOCOWA provides a robust lineup of over 20,000 hours of Korean Dramas, Reality, and K-Pop content in multi-languages on its direct platform.

aespa and artist Blake Kathryn create first-of-its-kind NFT collection

Retrieved on:

Monday, October 10, 2022

The girls NFT collection includes a 3-part series:

Key Points:

The girls NFT collection includes a 3-part series:
MY Pass - Open edition NFT, an access key for any fan and collector.
Each MY Pass comes with a free NFT from a collection of 16 different works that are specially personalized and prepared by each member of aespa.
This artwork offers the ultimate fan experience that includes a GLB file, a video recording of aespa and Blake Kathryn talking about the artwork, a virtual meet-and-greet with Blake Kathryn, and an all expenses paid meet-and-greet with aespa in Seoul at their concert along with a physical print signed by each aespa member + Blake Kathryn.
It was a pleasure to collaborate with aespa on this first-of-its-kind NFT collection, said Blake Kathryn.

AmazeVR Forms Industry-Leading VR Concerts Production Deal With K-Pop Giant SM Entertainment, Studio A

Retrieved on:

Wednesday, July 13, 2022

SM Entertainment, Technology, IRL, VR, Life, LOS, Studio A, Super Junior, 3D, BoA, NCT, Partnership, CEO, SM, VFX, Music, TVXQ, AI, Aespa, SuperM, Industry, Virtual reality, Warner Records, Video game, Video game console

LOS ANGELES, July 13, 2022 /PRNewswire-PRWeb/ -- AmazeVR and SM Entertainment will form Studio A, a joint venture that will produce immersive VR concerts using AmazeVR's proprietary VR concert creation tools while drawing on the extensive network of artists in K-pop and beyond through SM.

Key Points:

Virtual reality concert platform AmazeVR has signed a joint venture deal with Asia's premier entertainment group SM Entertainment and Studio KWANGYA, SM Entertainment's metaversal content production.
AmazeVR will bring its VR concert creation tools to Studio A, allowing the company to efficiently create high-quality VR concerts.
With this partnership, AmazeVR will expand VR concert production by sourcing K-pop and Asian artists and broadening content diversity.
AmazeVR creates VR concerts in fantastical new worlds that are widely accessible to fans, distributing through movie theaters and eventually at-home VR.

Top 5 K-Pop Entertainment Companies Entering the NFT Business

Retrieved on:

Thursday, April 14, 2022

Crypto, News, KOSDAQ, FSN, SM, NFT, Parasitism, Drama, Eye, Korean wave, Collection, HYBE, Wonder Girls, Music, 2NE1, GLOBE, PFP, Astro, Non-fungible token, Fantagio, Gangnam Style, YG Entertainment, Technology, Ecosystem, SM Entertainment, MOU, USD, IP, BTS, Industry, YG, Attention, Partnership, Blind, Blockchain, JYP, Video game, Cryptocurrency, Film, Upbit, Aespa, Binance

There is one particular field of interest common to major entertainment companies that is leading the market: NFT.

Key Points:

There is one particular field of interest common to major entertainment companies that is leading the market: NFT.
Fantagio is yet another mainstream K-culture powerhouse that is actively expressing its interest in entering into the field of NFT.
Fantagio recently announced a plan to collaborate with Fellaz, a comprehensive web3 NFT solution provider for entertainment 3.0, to carry out a fan-centered NFT project.
Abyss Company's NFT business performance is referenced as a successful use-case of K-pop IP and NFT technology and is viewed as the first of many more cases to come.

Tokopedia 'WIB: Indonesia K-Pop Awards' Announces Star-Studded Lineup for First-ever Worldwide Premiere: BTS, BLACKPINK, TWICE, NCT Dream and Many More

Retrieved on:

Friday, November 19, 2021

ITZY, WIB, Aespa, Technology, BLACKPINK, Boyz, Star Awards 2021, Secret Number, NCT Dream, BTS, SVP, Social media, Commerce, CMO, Film

These 10 groups are BTS and BLACKPINK, two of Tokopedia's brand ambassadors, and also TWICE, NCT Dream, The Boyz, Stray Kids, ITZY, Treasure, Secret Number, and Aespa.

Key Points:

These 10 groups are BTS and BLACKPINK, two of Tokopedia's brand ambassadors, and also TWICE, NCT Dream, The Boyz, Stray Kids, ITZY, Treasure, Secret Number, and Aespa.
WIB: Indonesia K-Pop Awards is an awarding event from Indonesian communities for the aforementioned global megastar groups whose fans have voted through Tokopedia.
The WIB Indonesia K-pop Awards 2021 will be the first award show dedicated to K-pop fans in Indonesia, and will also present various special performances from the groups.
Worldwide communities can stream WIB: Indonesia K-Pop Awards on 25 November from 19.00 to 21.00 Jakarta Time (UTC+7) via Tokopedia Play within Tokopedia's app and Tokopedia's official Youtube channel.

Tokopedia 'WIB: Indonesia K-Pop Awards' Announces Star-Studded Lineup for First-ever Worldwide Premiere: BTS, BLACKPINK, TWICE, NCT Dream and Many More

Retrieved on:

Friday, November 19, 2021

ITZY, WIB, Aespa, Technology, BLACKPINK, Boyz, Star Awards 2021, Secret Number, NCT Dream, BTS, SVP, Social media, Commerce, CMO, Film

These 10 groups are BTS and BLACKPINK, two of Tokopedia's brand ambassadors, and also TWICE, NCT Dream, The Boyz, Stray Kids, ITZY, Treasure, Secret Number, and Aespa.

Key Points:

These 10 groups are BTS and BLACKPINK, two of Tokopedia's brand ambassadors, and also TWICE, NCT Dream, The Boyz, Stray Kids, ITZY, Treasure, Secret Number, and Aespa.
WIB: Indonesia K-Pop Awards is an awarding event from Indonesian communities for the aforementioned global megastar groups whose fans have voted through Tokopedia.
The WIB Indonesia K-pop Awards 2021 will be the first award show dedicated to K-pop fans in Indonesia, and will also present various special performances from the groups.
Worldwide communities can stream WIB: Indonesia K-Pop Awards on 25 November from 19.00 to 21.00 Jakarta Time (UTC+7) via Tokopedia Play within Tokopedia's app and Tokopedia's official Youtube channel.