Blackpink's Indonesian Concert Rakes in Millions from 140,000 Attendees: How Much Did YG Entertainment Earn?

South Korean girl group Blackpink recently held a two-day concert in Indonesia on March 11-12, 2023, at the Gelora Bung Karno Main Stadium (GBK) in Central Jakarta.

The Minister of Tourism and Creative Economy (Menparekraf), Sandiaga Salahuddin Uno, mentioned on his Instagram account that the estimated number of attendees, based on the stadium's capacity, reached 70,000 people. Therefore, over the two days, Blackpink could have earned profits from approximately 140,000 attendees.

Ticket prices varied. According to Tiket.com, VIP tickets cost Rp3.8 million, Platinum tickets Rp3.4 million, CAT 1 tickets Rp2.9 million, CAT 2 tickets Rp2.6 million, CAT 3 tickets Rp2.1 million, and CAT 4 tickets Rp1.35 million. All tickets were reportedly sold out.

This Blackpink concert, titled "BORN PINK," is part of their world tour which began in mid-October 2022. The tour includes at least 26 cities worldwide and will continue until June 21, 2023.

The group's enthusiastic reception and high ticket prices resulted in significant earnings for Jennie, Lalisa, Jisoo, and Rosé.

Blackpink is under YG Entertainment, a management agency known for its successful and globally recognized K-Pop idols, including Bigbang, Winner, Treasure, G-Dragon, Sechs Kies, and many others.

What is the annual revenue generated by this K-Pop agency?

According to MarketWatch, YG Entertainment's revenue reached KRW 391.2 billion, equivalent to Rp 4.61 trillion (using an exchange rate of 1 KRW = Rp 11.80 as of March 13, 2023) in 2022.

This figure increased from the previous revenue of KRW 355.63 billion (Rp 4.20 trillion) in 2021. In 2020, revenue was KRW 255.26 billion (Rp 3.01 trillion).

In 2019, YG Entertainment recorded revenue of KRW 253.58 billion (Rp 3 trillion), lower than the 2018 figure of KRW 269.02 billion (Rp 3.17 trillion).

The income from Blackpink's recent two-day concert in Indonesia is not yet included in these figures. However, considering their busy tour schedule and the promotion of the group's and members' new albums, it signals a potential increase in YG Entertainment's future revenue.