YG Entertainment jumps after Blackpink's new song breaks YouTube record

YG Entertainment

29/06/2020 02:29

** Shares of South Korean management agency YG Entertainment
 122870.KQ  surge as much as 21% to 41,000 won 
    ** YG Entertainment-managed band Blackpink's new single,
"How You Like That," breaks YouTube's 24-hour viewing record
with 82.4 million views on its first day of release on the video
platform, Variety reports https://variety.com/2020/digital/news/blackpink-how-you-like-that-youtube-record-24-hour-views-1234692226
    * The previous YouTube 24-hour viewing record was set in
April 2019 by a song by BTS, with 74.6 million views, the report
says
    ** The news boosts sentiment for South Korea's entertainment
industry, which has been lacklustre in recent months due to the
COVID-19 outbreak, says Park Sung-ho, an analyst at Yuanta
Securities
    ** He says, however, this year's outlook for the industry is
dimmed by COVID-19, which has led to a series of cancellations
of concerts - a key revenue source

 ((hyunjoo.jin@thomsonreuters.com; 82-2-3704-5685))