DSML KGCF I / MUSIC

Music.

We study catalogues, artist and production agreements, licensing, revenue attribution and the cost of developing new work. Reach and collected revenue are different measures.

Music / MARKET ANALYSIS

Korean Music: Rights, Live Revenue and Collection

Korean labels monetize catalogues, artist services, touring, merchandise and subscriptions through different contracts. Audience attention is commercially useful, but retained rights, talent participation, production funding and settlement timing determine the earnings and cash available for credit.

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Reported market connectionOrder

5 company events

8 October 2024 - 8 October 2026

Music11 March 2026

JYP Entertainment

Touring grows. Profit grows more slowly.

JYP's 2025 results: more revenue is not the same as stronger marginal profitability.

KRW 821.9bnFY2025 revenue

Music24 September 2025

HYBE

Exporting the production system, not just the artist.

HYBE India: local talent development and the capital required before a commercial catalogue exists.

5thHeadquarters outside Korea

Music12 August 2025

DearU

Fan access through somebody else's platform.

DearU and QQ Music: broader distribution with a new layer between the service and its paying customer.

124.4mTME paying online-music users

Music23 July 2025

SM Entertainment / RIIZE

Presales turn audience affinity into an operating signal.

RIIZE in Saitama: 54,000 attendances and why early demand matters to touring finance.

54,000Reported Saitama attendances

Music19 March 2025

KQ Entertainment

A touring partner changes execution, not ownership by default.

KQ and AEG: European audience evidence and the contractual division of live-event economics.

180,000+Reported European tour tickets

Company announcements and filings. Geographic comparisons and economic interpretation are DSML analysis, not undisclosed company results.