TMI News recently ranked the 14 best Idol agency buildings! Did the "BIG 3" - SM, YG, and JYP - enter the list? How about the newly launched HYBE labels? Read more for the full list!
(Photo : Official accounts)
JYP Entertainment and SM Entertainment are working together to make Dear U s platform, Bubble, a global mobile platform.
Keep on reading to know more.
JYP Entertainment Acquires 23.3 Percent Stake in SM Entertainment s Subsidiary Dear U
SM Entertainment is strengthening its partnership with JYP Entertainment, who has acquired a 23.3 percent stake in the entertainment company s subsidiary, Dear U, which is owned by SM Studios, by growing Dear U s Dear U Bubble platform into a competitive mobile platform in the global market through the two companies synergy and global networks.
Dear U s core business, Dear U Bubble, is a service platform for exchanging special messages between a fan and artist in a form of a one-on-one chat. The platform was launched in 2020, with the proportion of its global users reaching 68 percent. With this, the global users are the platform s main customers. In addition, Dear U Bubble is currently providing services wit
YG Entertainment will be opening a space where fans and YG artists can interact! On May 31, YG Entertainment announced that they will be opening the upgraded space for the fans, called "the SameE," at their new building.
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May 27, 2021
A subsidiary of SM Entertainment will be listed on the KOSDAQ market by the second half of this year.
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SM Entertainment s Subsidiary Dear U to Go Public on KOSDAQ in the Second Half of 2021
Dear U, a subsidiary of SM Entertainment will be listed on the KOSDAQ market as early as the second half of this year. The subsidiary operates the platform Dear U Bubble, which was established in 2017. Dear U Bubble is a platform for fans and artists to communicate, and when Dear U is listed, it will be the first company that solely focuses on operating a fandom platform.
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May 27, 2021
Kakao Entertainment and Naver are competing against each other to get one of the Big 4 company s shares.
Keep on reading to know more.
Kakao Entertainment and Naver Compete to Take Over SM Entertainment s Shares
Kakao Entertainment and Naver are competing to acquire K-content, such as webtoons, web novels, and music. Above all, there is fierce competition in the mergers and acquisitions market. For example, when Naver bought the Canadian reading app Wattpad, Kakao Entertainment will preoccupy the global territory by acquiring the North American app Radish.
It is expected that whoever wins the acquisition for SM Entertainment s shares will be able to gain an advantage within the K-Pop market, as they will be able to collaborate with various popular artists such as EXO, NCT, Red Velvet, aespa, and more. Recently, NCT DREAM s Hot Sauce album has been topping music charts, including Japan s Oricon weekly chart.