TDB
Headwinds include an increase in bankruptcies of entertainment professionals, the highest number in the past five years, the independence of affiliated talents, and the rise of YouTubers Bankruptcy trends of “entertainment production companies (offices)” ……
Teikoku Databank conducted a survey and analysis on the occurrence of bankruptcies among entertainment production companies.
-Survey results (summary)-
Headwinds include an increase in bankruptcies of entertainment professionals, the highest number in the past five years, the independence of affiliated talents, and the rise of YouTubers The role of management is questioned as famous firms go bankrupt and go out of business one after another.
Aggregation period: Until March 31, 2024 Aggregation target: Bankruptcy investigations through legal liquidation with debts of 10 million yen or more: Teikoku Databank Co., Ltd.
*Survey results will also be posted on the following website https://www.tdb.co.jp/report/index.html
[Image 1: https://prtimes.jp/i/43465/860/resize/d43465-860-18fa30871cbfc8f79457-0.jpg&s3=43465-860-1340832f674a2ac542434e8b8344f53c-653×527.jpg] 2023 will be the year when entertainment production companies go bankrupt. A total of 12 bankruptcies occurred in 2023 among
entertainment professionals who manage celebrities and talents. This is a triple increase from the previous year (4 cases) and the highest number in the past five years.
Last year, Iwamotocho Geinosha (Chiyoda Ward), to which VR idol group Enogu and others belonged, announced that it would go out of business, and other famous agencies such as A.L.C. Atlantis (Minato Ward) went bankrupt. Even this year, the stalemate among entertainment
professionals has surfaced, with Fit (Shibuya Ward), to which entertainer Mitsu Dan belongs, going bankrupt, and A-Team (Minato Ward), to which actress Riho Yoshioka belongs, announcing suspension of business. ing. In recent years, TV stations have faced a decline in performance fees due to production cost cuts and the restructuring or termination of programs.In addition, with the rise of social media, the number of individuals working as YouTubers and influencers has increased, and new talent, which has traditionally been the specialty of entertainment professionals, has been faced. Excavation is also becoming more difficult. Amidst these headwinds, a number of entertainment professionals have gone bankrupt or gone out of business due to internal circumstances such as the independence of their talent, the death or poor health of the company’s founder, and the like.
[Image 2: https://prtimes.jp/i/43465/860/resize/d43465-860-7727e1d33fd7453a9242-0.jpg&s3=43465-860-4d25a77585caeacee5b11297c1a0ace2-557×472.jpg] Entertainment professionals have a significant role in supporting and managing the busy activities of entertainers, such as managing fan clubs and negotiating programs to appear on, as well as dealing with problems. The skill of each entertainment company is being tested as to how they can appeal to talent the benefits of belonging to an agency.
More details about this release:
https://prtimes.jp/main/html/rd/p/000000860.000043465.html