YMC, which manages the group, says the payment that the members recently received was a portion of earnings from commercial films they've shot.
- Nov 14, 2017
AceShowbiz - After months of relentless training and grueling schedules, the result of their hard works have started to materialize financially. Wanna One members recently received their first paychecks. Each of the 11-piece group earned 150 million KRW (approximately US$133,000).
YMC, which manages the group, says that the pay that the members received was a portion of earnings from commercial films they've shot. "The pay that each person was paid recently, a portion of CF earnings," the company says. "There are also a lot of CFs shot after this (period). The sum this time isn't earnings from doing CFs up until now but a percentage of the earnings from CFs that were shot in the beginning."
It's estimated that the group made 3.3 billion KRW (approximately US$2.9 million) total in terms of pure profit together, which was first split with CJ E&M and YMC Entertainment. The boys will then split their individual paychecks with their labels according to their contracts. However, Kim Jae Hwan who is an independent trainee takes it all for himself.
The first payment also does not include profits from the sales of Wanna One's album. The group released an EP titled "1X1=1 (To Be One)" on August 8 and it subsequently broke sales record. The sum of their total pure profit is expected to surpass the original estimate when the profits from the album sales are taken into account.
News of Wanna One's first paychecks comes on the heels of report that its member Kang Daniel took his mother on a shopping trip. He recently met his mom in Busan, his hometown, and was spotted buying her a bouquet of flowers and a Gucci bag at a shopping center.
Wanna One, consisting of 11 members from "Produce 101" season 2, officially debuted on August 7. They will continue promoting as a group until December 31, 2018 under YMC Entertainment and CJ E&M, before returning to their original agencies.
