JYP Leisure, house to ITZY, TWICE & extra, all set to debut 4 new teams by the upcoming 12 months

On March 19, Hyundai Motor Securities Co. Ltd. revealed that JYP Leisure’s gross sales within the fourth quarter of final 12 months fell 6% to 41.6 billion Received and working revenue fell 22.1%, over the identical time interval, to 10.5 billion Received which was under expectations.

The issue within the first quarter of this 12 months is that decline in earnings is inevitable because of the hiatus of JYPE’s main artists. Nonetheless their comeback is concentrated within the second quarter. Stray Youngsters, TWICE, ITZY and 2PM can be making their comebacks between April and June 2021, whereas Japanese lady group NiziU are stated to launch their second album in April.

It’s a well-known undeniable fact that TWICE album gross sales have declined since their peak in 2018. Even when Stray Youngsters fills up the vacant place attributable to the withdrawal of GOT7 and NiziU and ITZY do properly, if TWICE (accounted for 37% company-wide gross sales in 2020) continues this damaging development, the general development of the corporate would decelerate.

It was then said that JYPE is planning to launch 4 new teams by 2022. One among these teams can be fashioned by the SBS audition present “LOUD”. In November 2020 it was introduced that JYPE’s J.Y. Park and P NATION’s PSY will group up for the SBS present “LOUD” which goals to create a worldwide boy group. In contrast to different audition reveals which work with contributors coaching beneath businesses, “LOUD” is open to teenage boys around the globe who want to be an idol. JYPE can also be stated to be launching a Chinese language boy group later this 12 months together with a male model of NiziU in Japan, and an idol group in the USA in 2022.

In the meantime, JYPE is being ridiculed on social media for the choice of launching new teams. Netizens have been advising the company to deal with its present artists properly earlier than considering of launching different teams.

What’s your opinion on this matter? Ought to JYPE concentrate on their very own teams moderately than creating new ones or is it excessive time they debut a brand new group? Share your ideas with Pinkvilla within the feedback part down under!

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