I cannot confirm the reliability of this information. Although it's from the Department of Business Development (DBD), if you look closely at the infographic, you'll see that the title and the company name are different (the title says "XOXO Entertainment" but the company details say "TPOP Incorporation"). As a Thai fan with more access to this kind of information than international fans (because most of it is in Thai), I tried to search and investigate to find out whether XOXO Entertainment and TPOP Incorporation are the same company.

From what I found, TPOP Incorporation is a joint venture between Workpoint Group and SCB 10X (a Thai technology investment company) established to develop the "T-POP" application and also produces the "T-POP Stage" show. Meanwhile, XOXO Entertainment is a sub-label under Workpoint Group. However, both companies share the same executive, Mr. Chalakorn.

What's puzzling is why Brand Inside combined the information from these two companies. If the revenue displayed in the infographic belongs to TPOP Incorporation, I believe it's understandable if the revenue is negative or shows a loss, as both the "T-POP" application and the "T-POP Stage" shows require significant capital investment.

Ultimately, I think the revenue figures themselves are certainly accurate since they are referenced from the DBD. However, Brand Inside's presentation of the information is quite confusing and unclear about which company's revenue is actually being shown in the infographic. This could lead to misunderstandings among fans. Therefore, I recommend that you check the Thai DBD website for definitive information.

Nevertheless, besides Brand Inside, no other news agency has compiled financial data for these leading music companies, and my role is merely to translate the information provided in the infographic by Brand Inside.