Thursday, July 23, 2009

Rain in full activity, How much does he earn?

J.Tune entertainment selling's organization&transition

It has been found that Rain is fattening his pocket more than triples than last year.

J.Tune entertainment's credit rating has also been rated as appreciable improvement thanks to Rain.

'Korea Credit Ratings Agency' announced that they rated J.Tune entertainment as B-(Stable) grade stepped up unlike previous CCC. The company has been in good case through the active performances of Rain.

J.Tune entertainment's service sales which are absolutely depending on Rain's activities, recorded 6.6 billion won (5,280,000 $) during last 3 quarters.(early July, 2008~the end of Match, 2009).

It shows a 287 % increase, compared to 2.3 billion won (1,840,000 $) from the same period last year.

In addition, Rain is to earn 0.5 billion won (400,000 $) by two performances in Japan as part of his Asia tour, and his annual income from the ADs amounts to 0.7~1.1 billion won (560,000~880,000 $).

According to 'Korea Credit Ratings Agency', Rain has taken 70% off the top, therefore, he is presumed to have taken more than 4.6 billion won (3,680,000 $) for 9 months until late March.

His exclusive belongingness earnest money is earmarked separately, and his total earnest money given by his agency since October, 2007, is 15.3 billion won (12,240,000 $).

Meanwhile, it is said that J.Tune entertainment completely redeemed their existing 'Overseas Convertible Bond' through 2 issues of new shares to be purchased.

Source: Edaily
Brief translation credit: rain bird@rain-eu.com

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