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JYP Entertainment Revenue Sinks 37% on Slow Q2 Album Release Schedule
JYP Entertainment's Q2 2024 earnings show the Stray Kids label's revenue was down 37% on a slow album release schedule from major artists like Twice.
Streaming gained modestly, but a lack of big releases from bread-and-butter artists like Twice and Stray Kids caused album sales to fall a whopping 82%. JYP’s most popular artists — including Twice, Stray Kids and iTZY — weren’t part of the second quarter release schedule, though Na, a solo album by Twice member NAYEON, came out June 14, topping South Korea’s album chart and reaching No. Looking ahead, Twice conducted a stadium tour in Japan in July and has “various group/unit activities planned” for the second half of the year, according to JYP’s investor presentation.
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