News
With TVXQ's break, Avex Entertainment lose millions of dollars.
06/04/2010
2010-04-06 20:00:00
KoME
Source: Asiae Author: Jade
With TVXQ's break, Avex Entertainment lose millions of dollars.
With TVXQ's break, Avex Entertainment lose millions of dollars.
© Avex Entertainment Inc.
Last saturday, AVEX announced on their official website that TVXQ/Tohoshinki will be halting their activities as a group. However the members will pursue their solo activities.
Matsuura Katsuhito, president of AVEX Group Holdings Inc., has revealed his shock at the news on his Twitter, saying, "You have no idea how big a hit AVEX has taken. It is hard for me to talk about this because I have to consider the standpoint of Korean agency SM Entertainment, but I will try to make [TVXQ] remain for [the group's] Japanese fan club 'bigeast'."
The Japanese entertainment site Zakzak (www.zakzak.co.jp) quoted Tomisawa Issei (Japanese music critic) who said: "TVXQ's break from their musical activities will result in sales losses for Japanese management agency AVEX worth from as little as 3 billion yen (31.9 million dollars) to as much as 5 billion yen (53.2 million dollars)."