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WM Entertainment has become a label of RBW Entertainment.
On April 7, RBW announced, “We are acquiring WM Entertainment, the agency of groups Oh My Girl, B1A4, and ONF.”
RBW completed a SPA (sales and purchase agreement) with WM Entertainment’s largest shareholder on March 31, acquiring 70 percent of WM Entertainment’s shares and bringing in the company as a subsidiary.
The two companies will now work on creating synergy through close cooperation. .
RBW is home to artists including MAMAMOO, ONEUS, ONEWE, and PURPLE KISS, while WM Entertainment houses artists such as Oh My Girl, B1A4, ONF, and IZ ONE’s Lee Chae Yeon.