Jtbcs Newsroom Breaks Down Profit Distribution For Song Streaming On Major Music Sites And Finds Artists Only Receive 6 Of Profit

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JTBC's 'Newsroom' breaks down profit distribution for song streaming on major music sites and finds artists only receive 6% of profit
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JTBC's 'Newsroom' breaks down profit distribution for song streaming on major music sites and finds artists only receive 6% of profit

On the August 21 airing of JTBC's 'Newsroom', the broadcast's 'Fact Check' segment dealt with profit distribution of song streaming on various major music sites in Korea. 

The issue has been an ongoing debate since 2012 when Psy's "Gangnam Style", a song which earned worldwide fame that year, allegedly only earned an initial profit of 5,460,000 KRW (~ 4,800 USD) despite being streamed 27,300,000 times. 

SEE ALSO: The superlatives of K-pop: Girl group edition

'Newsroom' then brought up a more current example - Heize's "You, Clouds, Rain", which maintained the #1 spot for streaming on music charts for the entire month of July. According to 'Newsroom', Heize's profit for remaining #1 on music sites and being streamed 6,450,000 times in July was approximately 2,700,000 KRW (~ 2,400 USD). While songs can also earn an additional profit for being downloaded on music sites, Korean music sites make it easier to simply stream music without downloading the songs. 

Song Joong Ki In Talks To Appear on JTBCs Newsroom
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Song Joong Ki In Talks To Appear on JTBCs Newsroom

Song Joong Ki is in discussion to guest on JTBCs Newsroom.

On July 24, it was revealed that The Battleship Island star has been in talks to appear on the Cultural Invitation segment of the show. Since the show is a live broadcast, Newsroom is currently working with Song Joong Ki to adjust schedules.

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JTBCs Newsroom is known for not only interviewing top Korean celebrities, but also global stars such as Hugh Jackman and Matt Damon.

Kim Jong Kook Reveals He Made No Profit From His Hit Song One Man
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Kim Jong Kook Reveals He Made No Profit From His Hit Song One Man

Kim Jong Kook and Haha hosted a Naver V Live broadcast titled Big Picture Kim Jong Kook and Hahas Lying Down Rooftop Live on September 13.

During their conversation, Kim Jong Kook brought up a surprising story behind the success of his song One Man. Kim Jong Kook said, Before One Man was released, I rested from the scene for a bit. That was when the music [scene] was becoming digitalized, but since I didnt know anything about it and [companies] didnt say anything, I didnt sign any contracts [regarding digital sales]. He added, I didnt even make 10 won (approximately $0.0009) from One Man.'

Jay Park poses with H1GHR MUSIC RECORDS artists for 'InStyle'
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Jay Park poses with H1GHR MUSIC RECORDS artists for 'InStyle'

Jay Park recently posed with fellowH1GHR MUSIC RECORDS artists for 'InStyle'slatest June edition!

Following the establishment news of his new hip-hop label with musician Cha Cha Malone, Jay Park is looking to perform internationally with artists from both Seoul and Seattle.

Furthermore, Jay Park explained in an interview stating the reason why he decided to scout these rookie artists, "I wanted to give these talented friends a chance to shine on a strong platform. I feel like I've returned to my roots since being able to work together with these members."

Produce 101 Season 2 Concept Song Never Maintains No. 1 On Music Charts
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Produce 101 Season 2 Concept Song Never Maintains No. 1 On Music Charts

Produce 101 Season 2 has taken over music charts!

The most recent episode of the Mnet reality show revealed five different concept songs. In particular, Never has received the most love and has clenched the top spot on multiple music charts. Never is currently No. 1 on Melon, Genie, Bugs, and Naver Music (at the time this article was written).

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Previously, Never reached No. 1 on seven music charts and maintains a high spot on all charts. The other concept songs (Open Up, Oh Little Girl, I Know You Know, and Show Time) are also receiving favorable responses.