Omg
Modhaus recorded revenue of 32.3 billion KRW (23.4M USD) last year. Driven by tripleS and ARTMS, its album, concert, and merchandise (MD) businesses grew, while its proprietary fandom platform COSMO also surpassed 10 billion KRW (7.25M USD) in revenue. With both its artist business and platform business growing in a balanced manner, the company succeeded in achieving meaningful growth in scale.
Vice CEO Baek said, "Many people see Modhaus as an entertainment company, but internally we are focused on building a structure in which both IP and the platform grow together. The key is a virtuous-cycle model in which we acquire fans through content and then expand the fan experience on the platform."
Modhaus is aggressively expanding its IP business. Following tripleS's comeback this month, comebacks from idntt and ARTMS are scheduled for the second half of this year. The company is also preparing to launch a new group.
Baek added, "The Japanese market in particular is considered one of the key pillars of our future growth strategy. tripleS is aiming to release a full-group Japanese album in January next year."