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Pinkfong Net Worth
Pinkfong is well known among the masses today as a South Korean children’s YouTube channel that helps children explore the world. What viewers love regarding the channel is the unparalleled, high-quality content.
Based on 2024 estimates, the Pinkfong Net Worth is around $1.1 billion. Explore detailed information regarding their financial aspects.
| Net worth | $1.1 billion |
| Place of origin | South Korea |
| Nationality | South Korean |
| Occupation | famous South Korean children’s YouTube channel |
| TV shows | Pinkfong Wonderstar |
| Headquarters | 5th Floor, 94 Myeongdal-ro, Seocho-dong, Seoul, South Korea |
| Key people | CEO Kim Min-seok CFO Lee Ryan Seung-kyu |
| Owner | SmartStudy |
Understanding Finance and sales
By 2014, the parent company, Samsung Publishing, witnessed increased net profit from its subsidiary, The Pinkfong Company. In 2017, Samsung Publishing’s sales were approximately $160 million. As per the reports regarding their sales from 2015, SmartStudy’s sales were US$8.5 million.
In 2016, sales increased by 80 percent, and it earned most of its revenue from YouTube and app sales, which totaled about US$15.5 million. The revenue was generated from overseas sales, accounting for 65 percent. In 2017, sales were about US$24,127,000, and operating profit was US$1,685,000.
In September 2018, Samsung Publishing’s stocks witnessed tremendous growth of more than 76 percent after Baby Shark song charted on the UK Top 40 at number 37. In November 2018, industry The Pinkfong Company was preparing to go public in 2020.
The original “Baby Shark Dance” video, even today, earns the creators around $283,000 each month.
The streaming platforms that Pinkfong utilises include Spotify (open.spotify.com) as well as Apple Music (music.apple.com). Pinkfong Shapes & Colors is available on play.google.com as an app that benefits kids.
The Pinkfong store, via Amazon amazon.com/stores/OfficialPinkfongBabyShark and redbubble.com sells numerous popular products among kids and their parents. babysharkontour.com – FANTASTIC PHOTO OP has also been proven to be one of the company’s finest ventures.
Revenue generation streams
Pinkfong generates revenue from various sources, and some of them are as follows:
Streaming Platforms – advertising revenue from streaming platforms like YouTube is massive as the videos that they post are famous and the subscriber base is immense as well.
2. Merch Sales: Pinkfong produces and sellsrange of “Baby Shark” merchandise, including toys, clothing, accessories, and books.
3. Licensing Deals: The company licenses the use of the brand and characters to various companies to support them with the products and services; these sources contribute to their revenue.
4. Live Performances: “Baby Shark” hosts plenty of live shows and events featuring the song and characters. Such sources are incredible in generating revenue through ticket sales. In addition, they make money from merchandise sales at these events.
5. Media and Entertainment: Pinkfong has considered fousing on TV shows, mobile apps to generate revenue through advertising, subscriptions, and in-app purchases.
A point to be noted here is that Pinkfong primarily benefits from the “Baby Shark” franchise. With the song’s popularity, the content creators, performers, and people involved in producing and promoting content earn money through collaborations, appearances, and related ventures.
‘Baby Shark’ creates a multimillionaire – Business ventures
South Korea’s Pinkfong released “Baby Shark” in 2015, and that is when the song and video turned into a global viral hit. Both Parents and their children fell in love with the tune. The song targeted at kids presented enjoyment with the cute animated video that crossed 10 billion views on YouTube.
Kim Min-seok, along with two partners, created Pinkfong, previously referred to as SmartStudy, in 2010. The objective was to market the mobile apps that emerged with the iPhone.
Pinkfong maintained consistency throughout its journey to stardom and capitalized on it even more. The company has been also now working on developing a movie of shark with Nickelodeon Animation. It’s been exploring ways to use non-fungible tokens after witnessing grand success with the sales of the NFT collection of “Baby Shark,” which sold out in 30 minutes. The song made its way to the Billboard charts and live concert tours. The song proved fantastic for the business in securing new audiences rather than expecting revenue creation.
The company also then started digital comics and launched products for the older fans who too fell in love with the tune.
The CEO has remarked in a video interview from Seoul on how they prioritized content and technology. “
Kim Min-seok’s wished to become a developer. Right After winning a computer-science contest in high school, he enrolledSeoul’s prestigious Yonsei University, to study chemical engineering.
After completing his education, Kim Min-seok started developing games for giant Nexon Co. and later joined Samsung Publishing Co. The latter was a family business his grandfather founded.
In addition to these, Kim Min-seok helped create English content for kids.
Pinkfong’s revenue boosted and they have mentioned of having secured almost 65 per cent of sales came from outside of South Korea. Elon Musk tweeted about Pinkfong in 2021, stating how the video has “more views than humans.”
Kim Min-Seok even plans to develop theme parks where families can enjoy together.
Introducing theme parks
The CEO believes that Theme parks serve beyond the objective of featuring engaging attractions and experiences, including rides, games, and merchandise. Rather, these locations serve as the hub for kids and their parents, providing opportunities to spend quality time together. Just like the live shows, Theme parks play important roles in building a strong fan base besides boosting the brand image.
Pinkfong opened a 14,000-square-foot pop-up indoor theme park that started as the first one from the company in Singapore. In addition, Pinkfong launched another pop-up indoor theme park in neighboring Malaysia. Also, it’s looking forward to opening one in Hong Kong.
Pinkfong partnered with Chinese theme park operator Haichang Ocean Park to bring Baby Shark-themed live shows and merchandise to more than 30 cities across China.
Pinkfong’s partnerships to build revenue
Pinkfong usuaully creates contentthat initially target teenagers and young adults. Before cofounding Pinkfong in 2010, Kim used to serve at top online gaming companies Nexon and NHN. Whi he relied on mostly is his billionaire uncle and fashion tycoon Kim Chang-soo who used to guide him throughout his career.
Pinkfong partnered with Million Volt, a Seoul-based animation studio as well as Korean billionaire Bang Jun-hyuk’s mobile-gaming company Netmarble for the production of SEALOOK, a 3-D animated comedy series that focuses on a group of seals. Pinkfong’s reports have revealed that more than 60% of SEALOOK’s 4 million YouTube subscribers are between the ages of 18 and 34.
Pinkfong Company announced a partnership with Toekenz Collectibles to include a Baby Shark digital collection and blockchain-based game. The objective behind the same is powering players to collect and customize their Baby Shark characters in a digital environment.
Introduction of webtoons
Pinkfong’s Kim now is planning on reaching more teenagers and young adults through webtoons. It’s the reference to the bite-sized digital comic books designed to be read on a smartphone. digestible format of webtoons are expected to further boost Pinkfong’s revenue.
There’s a diverse range of content available that’s fueling the growing market for webtoons. Later, they will keep working on transforming into formats such as live-action movies, shows, animation, and games.
Pinkfong’s live shows
“Baby Shark Live!” is expected to gain popularity as Pinkfong’s live show based on its viral YouTube video. It has already successfully traveled to hundreds of cities across North America after lifting up the pandemic restrictions. As a team, they performed live shows and then looked forward to performing in over 20 cities across China.
Launching venture capital arm
Pinkfong launched venture capital arm, SmartStudy Ventures, in 2019 with the objective of managing three funds. The funds are a $30 million tourism-focused fund, a $35 million intellectual property fund besides a sector-agnostic fund. The portfolio companies include animation studio Red Dog Culture House, webtoon-production studio Endorphins, and game developer Macovill.
YouTube
- Channel name – Pinkfong Baby Shark – Kids’ Songs & Stories
- Joined on – 58M+
- Number of subscriber – 14 Dec 2011
What has made the Baby Shark song so popular?
A few magical ingredients in the song have made it incredibly popular. Repetition, in turn, makes the song stand out. Young children love the repetition that helps build memory, which in turn brings them familiarity, relatability, and comfort.
Also the song presents the concept of a family including Baby, Mommy, Daddy, Grandma, and Grandpa. The song brings to the ears of the children common words.
Simple dance moves add drama, which again can help with children’s development.
FAQs
Pinkfong worth is about 1 trillion won ($1.1 billion). The family, the biggest shareholders, are worth around $US300 million ($404 million).
Jay Jeon is the owner of Cocomelon that began as ThatsMEonTV (known on YouTube as checkgate) on September 1, 2006. Jay Jeon and his wife founded Cocomelon that uploaded their first two videos, two versions of the Alphabet Song.
Pinkfong (Korean: 핑크퐁) serves as the popular children’s educational brand of SmartStudy, which is a South Korean educational entertainment company.
Kim Min-seok Pinkfong, CEO and co-founder, created the “Baby Shark” video. Also, the creator mentioned plans to grow the company and expand beyond kids’ entertainment and YouTube videos.
As per some of the most updated reports, Pinkfong’s revenue marked a steep increase from $8 million in 2015 to $57 million in 2020; what earned them recognition and money alike is Pinkfong’s record-setting Baby Shark video that the company produced in 2016. Baby Shark earned popularity as the first video to reach more than 10 billion views on YouTube.
Series regulars who provide the voice include Kimiko Glenn for Baby Shark, Luke Youngblood for William, Natasha Rothwell for Mommy Shark, Eric Edelstein for Daddy Shark, Debra Wilson for Grandma Shark, and Patrick Warburton for Grandpa Shark.
Considering that YouTube counts each rewatch with no limits, there is a chance of accumulating roughly 230K views a year. The data we have stated here is just an assumption.
There’s no fixed amount to suggest how much an artist makes from a song. Fully licensed, and properly paid royalties bring artists around $1K to $100K or even more a month.
Final words
Pinkfong’s fun, educational videos alike have won the hearts of millions of children as well as their parents from around the world. Stay tuned with us to get information regarding similar YouTube channels for kids.
Disclaimer: For calculating the net worth as well as earnings of the personalities on our site, we rely heavily on just estimates based on the information we have gathered from official sources and other credible sources. We can give no guarantees in regard to completeness, accuracy, usefulness, or timeliness.
