According to a 2019 Album Sales Top 20 Chart, YG Entertainment has gone down in ranks from the top 3 to number 5.
YG, who is known to be one of the top 3 agencies in Korea, alongside SM and JYP, has been pushed back by Big Hit Entertainment and Pledis Entertainment.
The chart is based on the Gaon Chart from January 2019 to October 2019 and shows that Big Hit Entertainment ranks first with 6,312,409 in album sales. SM comes in at second with 3,714,079 in sales. The gap between first and second place is significantly wider than the differences between second to seventh place.
It has been a rough year for YG with multiple scandals and controversies. With BIGBANG Seungri’s club assault scandal, YG terminated his contract earlier this year. Amidst all these scandals, YG’s stock prices also dropped following the news of iKON’s B.I. Drug scandal.
Even a petition started to suspend YG Entertainment’s activities and received over 40,000 signatures by the end of the petition date.
I guess we will have to wait and see what the new year holds for YG Entertainment.