In the third quarter of the year, K-pop businesses continued to struggle, with three of South Korea’s largest agencies, SM Entertainment, JYP Entertainment, and YG Entertainment, posting poorer financial results. The industry slowdown is attributed to declining album sales and the absence of groups like Blackpink and BTS, who are either on hiatus or fulfilling mandatory military service. Despite streaming revenue not fully compensating for the loss in album sales, shares of these agencies have suffered significant declines, with Hybe, the fourth largest agency, seeing an 11% drop in stock value this year on the Kospi.
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New York City gunman bought rifle from casino supervisor, police say
The gunman, Shane Tamura, 27, opened fire in a New York City skyscraper, killing four people, after purchasing the rifle from his casino supervisor in Las Vegas. He died by suicide, leaving notes claiming to suffer from CTE, and had a second pistol; the attack appeared targeted at NFL offices within the building. Want More Context? 🔎
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