Did (G)I-DLE save Cube Entertainment?
Cube Entertainment loved report income in its third quarter because of the success of (G)I-DLE‘s “Tomboy.”
According to a press release from Cube Entertainment, the record label saw revenues rise to ₩79.6 billion KRW (about $59.0 million USD) and recorded operating profits of ₩4.20 billion KRW (about $3.11 million USD). The numbers reflect a 50% and 23% rise year-over-year, respectively.
Also worth noting is that the company’s income rose 10% from all of final yr’s. In different phrases, Cube Entertainment’s third quarter alone introduced in additional income than all of final yr.
According to an insider, the rise in income is principally attributed to the success of (G)I-DLE’s album I NEVER DIE, which was launched in March, and led to profitable endorsement offers.
The success of (G)I-DLE’s I NEVER DIE carried over to the third quarter, boosting album gross sales by 30%. This led to profitable endorsement offers with magnificence manufacturers, video games, meals, vogue, journey, and monetary sectors, which boosted commercial revenues by 142% from the earlier quarter and 132% from final yr.
— Insider
(G)I-DLE broke out earlier this yr with the discharge of I NEVER DIE. The album’s lead single, “Tomboy,” received 8 music exhibits and achieved the elusive “Perfect All-Kill” on music charts. The group got here again final month with “Nxde,” which has additionally been well-received by followers and critics.
According to an SBS report, Cube Entertainment will probably be launching a brand new boy group subsequent yr and is anticipated to proceed attaining success.
Can’t get sufficient of (G)I-DLE? Check out the group’s newest single, “Nxde,” within the hyperlink beneath.
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