The average run for a typical K-pop group is 8 years. Before many K-pop groups only lasted a few years which meant their window to make real money was very limited. If you go on the internet these days you will hear hundreds of former Kpop artists complaining about their past record deals. As the Kpop industry continues to explode, you will start to see more and more Kpop artists wanting out of their deals.
The question of how much money do Kpop Idols make is a difficult question to answer because Kpop Entertainment companies have a history of keeping that information private. The music industry globally changed massively in the early s.
Napster and other peer-to-peer sharing platforms online allowed users from all around the world to basically get music for free. Fewer and fewer fans were buying albums.
Kpop fans were getting their music from platforms like YouTube, iTunes, Spotify, and so on. This also applied to Kpop entertainment companies. However, due to online music, music labels all around the world needed to think of new ways to make money. They needed a new business model.
The business model shifted over the years from making money off album sales to touring, personal signing events, and merchandising. The good news for Kpop entertainment companies was that the sales of Kpop albums were still profitable. Because Kpop entertainment companies started to focus the albums more as merchandise.
A typical album has artistic design covers, a photocard, and exclusive pictures. Kpop Entertainment companies have fan events where Kpop fans submit a receipt of their album purchase. More receipts mean a greater chance to get selected to meet your favorite Kpop star. This is a great source of revenue for them because they know Kpop fans will continue to buy these albums because buying them gives them a chance to meet their idol.
A Slave Contract means that the Kpop label will pay for all expenses of the artists from housing, training fees, food, and other expenses. Now if you think about this, as far as training fees, housing, and whatever else a Kpop Entertainment has control over, they can pretty much charge whatever they want. Add it to the bill. Also, there was very little transparency in how much they owned. Training can last up to two years. Then they will put you into a group where you will train together for additional years.
Then there is the actual making of the album. During this stage, there are ALOT more expenses that will go on the bill. Remember, every Kpop label is different and every contract is different so take this as a general rule. However, the vast majority of Kpop entertainment companies expect artists to recoup the expense they have incurred. This is the money the Kpop record label invested into the Kpop artist.
However, it is not actually an investment but more of a loan. This is money that has to be paid back at some point. Once their album debuts, the Kpop stars will go on tours. These tours generate money through tickets but the main goal is to sell merchandise. This is why you will see so many signing events. The Kpop entertainment companies want Kpop fans to buy the merchandise so they can get it signed by their favorite Kpop star. Also, Kpop concerts incorporate Kpop lightsticks into their songs.
It is actually brilliant! No fan wants to not participate in the concert right? So the real question is, what is the overall split of the revenue between the Kpop Entertainment companies and the Kpop artist? Remember, Kpop artists at this point are in huge debt to their labels. They need to start making money as fast as possible to pay off their bill. The split between a record label and a Kop group can be….
Not bad right? But remember they need to use some or in some cases all of that money to pay off their bills and taxes. This is an example of a Kpop group with only 6 members…what about NCT which has 23 members!! Photo : Twice News1. Photo : aespa News1.
Photo : J. Park News1. Photo : Lee Soo Man News1. Photo : JYP logo News1. They have weekly auditions in Seoul and big cities like NYC as well as a yearly world wide audition. They also do a monthly showcase where they kick out trainees. Their contracts can be quite infamous due to the amount of lawsuits against SM contracts.
Their contracts are now 10 years long: 7 years in Korea, 3 overseas as opposed to their original 13 years. Here are some restrictions for trainees. Drinking, smoking, clubbing, driving, plastic surgery, and dating are all banned. Is that true? However, exceptions can be made if you discuss it with the company.
The restrictions are just there to tell you not to do any of those things secretly. Trainee contracts normally last years, but may be different for individuals. They learn the basics such as dancing, singing and others such as, community service handicapped and disabled people, orphans , foreign languages, reading, how to diet properly, anti-smoking and surprisingly, proper sex education.
As known, body fat is the enemy in KPop. The average idol contract for JYP is 7 years, however this also varies between members and when they joined. Typically, if an idol joins a group later on after the group has been created , your contract might end at the same as the other members. In China alone, , teenagers auditioned, but only 2 out of them were chosen.
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