HYBE Labels is in a dispute with Min Hee Jin, CEO of ADOR. ADOR is known to be a part of HYBE Labels and oversees NewJeans. They’re in conflict due to internal issues.
According to HYBE Labels, Min Hee Jin tried to remove ADOR from the label and abused power. Min Hee Jin sued HYBE Labels, claiming they plagiarized NewJeans’ image in groups like ILLIT, TWS, and BOYNEXTDOOR.
Amid the company’s conflicts, people are curious about the income of ADOR and other subsidiaries. In early 2024, HYBE was reported as the first entertainment company to earn about 2 trillion won.
Here’s a list of HYBE Labels subsidiary incomes in 2023, based on data from the Financial Services Commission. This income comes from various sources like album sales, digital sales, and concerts.
7. KOZ Entertainment
- Artists: Zico, BOYNEXTDOOR
- Financial Status: Not profitable, with debts of around $5.29 million and assets of $10.2 million.
6. Belift Lab
- Artists: ENHYPEN, ILLIT
- Income: Profited around $3.86 million, with assets of $38.6 million and debts of $18.1 million.
5. SOURCE MUSIC
- Artists: LE SSERAFIM
- Income: Earned $8.8 million in profit, a significant increase from previous years.
4. ADOR
- Artists: NewJeans
- Income: Made a profit of around $19.4 million, improving from the previous year.
3. HYBE Labels Japan
- Artists: &TEAM
- Income: Achieved a profit of about $36.4 million in 2023.
2. Pledis Entertainment
- Artists: fromis_9, SEVENTEEN, TWS
- Income: Recorded a profit of $44 million, quadrupling from the previous year.
1. BIGHIT MUSIC
- Artists: BTS, TXT
- Income: Made the highest profit of $102.4 million, slightly lower than the previous year.