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[Alpha Biz=(Chicago) Reporter Paul Lee] Kakao Entertainment (Kakao Entertainment) is evaluated as a net company within the Kakao community. With a large number of super intellectual property rights (IP) such as IU, the best artist, it is considered the only company that will surpass BTS's HYBE when listed. Kakao Entertainment ranked second overall in the entertainment industry after Hive in terms of sales volume of SM (SM).
Kakao Entertainment recorded an operating loss of 13.8 billion won last year. It recorded an operating loss in seven years. It is comforting that sales (KRW 1.8648 trillion, consolidated basis) increased year-on-year. It is said that the situation has not changed much this year.
Above all, it is unusual to make an operating loss even with IU, which is considered the best.
Kakao Entertainment is a parent company with a 52.5% stake in Edam Entertainment to which IU belongs. Most of the Edam Entertainment revenue comes from IU.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
