[TRANS] 100331
•Seven Entertainment Agencies•
•Establish Collaborative Corporate Body•
Famous entertainment agencies including SM Entertainment, YG Entertainment and JYP Entertainment have come together and established a collaborative corporate body.
According to KMP Holdings on the 18th, SM Entertainment, YG Entertainment, JYP Entertainment, Star Empire, Media Line, Ken Entertainment and Music Factory created a joint corporation on the 17th called KMP Holdings.
KMP Holdings stated, "We are planning to carry out an active business dealing with the contents, networks, projects and artistes of the seven companies in various industries including the music service industry, the broadcasting program production industry, and the digital music industry."
KIMP Holdings also said, "We will create a business environment where new and multifaceted music contents can be accessed by more consumers and we will establish an orderly provision of wholesome and reasonable digital music contents to further develop the Korean music industry and culture."
Representative Kim Chang Hwan of KMP Holdings stated, "The creation of smart phones, the development of mobile technology, and IPTV have created the need for new and different contents as well as a new business model and service."
Representative Kim also sated, "KMP Holdings will continually develop new business models, services and contents that are appropriate for the new market of smart phones and media."
Source: [Naver Stocks+Yuaerubi]
Translation credits: jeeelim5@tohosomnia.net
Shared by: tohosomnia.net
Do not remove/add on any credits
Famous entertainment agencies including SM Entertainment, YG Entertainment and JYP Entertainment have come together and established a collaborative corporate body.
According to KMP Holdings on the 18th, SM Entertainment, YG Entertainment, JYP Entertainment, Star Empire, Media Line, Ken Entertainment and Music Factory created a joint corporation on the 17th called KMP Holdings.
KMP Holdings stated, "We are planning to carry out an active business dealing with the contents, networks, projects and artistes of the seven companies in various industries including the music service industry, the broadcasting program production industry, and the digital music industry."
KIMP Holdings also said, "We will create a business environment where new and multifaceted music contents can be accessed by more consumers and we will establish an orderly provision of wholesome and reasonable digital music contents to further develop the Korean music industry and culture."
Representative Kim Chang Hwan of KMP Holdings stated, "The creation of smart phones, the development of mobile technology, and IPTV have created the need for new and different contents as well as a new business model and service."
Representative Kim also sated, "KMP Holdings will continually develop new business models, services and contents that are appropriate for the new market of smart phones and media."
Source: [Naver Stocks+Yuaerubi]
Translation credits: jeeelim5@tohosomnia.net
Shared by: tohosomnia.net
Do not remove/add on any credits
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