The title ’1theK’ indicated its goal of making one supply for worldwide K-pop content material. In June 2016, Kakao M established an impartial label Mun Hwa In. In December 2017, Kakao M established a one-particular person agency E&T Story Leisure for actress Kim So-hyun, which was led by her lengthy-time supervisor Park Chan-woo. As January 2018, Kakao M’s unbiased label Plan A Leisure has taken over the company. On January 13, 2019, Kakao M acquired unbiased label Blossom Entertainment. On January 6, 2020, Kakao M established a new label, EDAM Leisure, to manage their lengthy-time soloist IU. Nylon Media Korea, publisher of the Korean edition of beauty and style journal Nylon, from Seoul Cultural Publishers. In April 2018, Kakao M and its mum or dad firm formed the CSR enterprise Kakao Impression Basis. Baek, Byung-yeul (January 2, 2019). “New Kakao M CEO to problem Netflix, CJ ENM in unique content material”. Park, Chang-younger; Choi, Mira (January 2, 2019). “Kakao M names new CEO, adds Lee Byung-hun, Gong Yoo underneath management”. Mail Economic Every day (in Korean). Archived from the original on September 11, 2022. Retrieved Could 1, 2021 – by way of Naver. The Chosun Ilbo (in Korean). Lee, Se-young (January 12, 2016). “Kakao to purchase South Korea’s prime music streaming operator for $1.6 billion”. Reuters. Thomson Reuters Corp. Gaon Music Chart (in Korean). Korea Music Content Business Affiliation. Kyunghyang Shinmun (in Korean). Kakao Leisure (in Korean). Dave, Aditi (May 20, 2022). “Kakao Entertainment to merge Tapas & Radish to solidify the worldwide content material supplier place”. 1978 – Founding of “Seoul Records”. YBM Group (in Korean).
Yonhap News Agency (in Korean). Archived from the unique on March 17, 2017. Retrieved Might 9, 2016 – through Nate. XIA 준수 측, “로엔과 원만한 합의..예정대로” :: THE STAR. The Star Chosun (in Korean). Lee, Hae-in (March 23, 2018). “로엔, ‘카카오M’으로 새출발…’K-컬쳐 리더’ 발돋움”. Money As we speak (in Korean). September 25, 2013). “LOEN Leisure to Cut up Their Artist Division into Multiple Labels”. Seung, Si-yeon; Park, Jong-geun (December 3, 2011). “Shin Gained-soo, representing Korea’s largest OMS, “MelOn””. 2yng (November 3, 2013). “The top 10 Most Influential Entities of K-Pop”. 17 (February 17, 2014). “LOEN MUSIC modifications its title to 1theK”. allkpop. Jeon, Ji-yeon (February 20, 2014). “로엔, 글로벌 케이팝 대표 브랜드 ’1theK(원더케이)’ 론칭 (LOEN launches world K-pop flagship model 1theK)”. Electronic Instances (in Korean). Son, Ji-ah (January 26, 2018). “로엔, 김소현 독립레이블 설립…배우 매니지먼트 강화(공식)”. MBN Star (in Korean). Park, S. (June 27, 2018). Soompi. Han, Susan (February 13, 2019). “Fave Leisure & Plan A Leisure announce official merger”. Kim, Hyun-sik (January 6, 2020). “아이유 새 둥지는 이담 엔터테인먼트”. No Minimize News (in Korean). Jung, Yoo-hyun (March 27, 2018). “카카오M, 나일론미디어 투자…뷰티 콘텐츠 강화”. The Bell (in Korean). Music, Solar-okay (Might 18, 2018). “카카오톡과 멜론의 만남… 카카오·카카오M 주가는 ‘시들’”. Cash As we speak (in Korean). Jeong, Da-hoon (February 4, 2020). “카카오M, 프로듀서 중심 레이블 ‘플렉스엠(FLEX-M)’ 설립”. Lee, Debi (September 30, 2019). “Celebrities Equivalent to Hyun Bin, Lee Min Ho and Han Hye Yeon Make investments Tens of millions in Kakao M”. Kim, Boram (September 23, 2019). “Kakao jumps into filmmaking business”. Noh, Jean (September 23, 2019). “South Korea’s Kakao Corp strikes into local movie business”. 17 (December 18, 2013). “Loen Entertainment takes over majority stake in Starship Leisure for 15 billion won”. Son, Ji-young (December 25, 2019). “Kakao M carries on M&A push with $23m deal”. J. Kim (February 13, 2013). “Winners & Best Moments of the 2nd Gaon Chart Ok-Pop Awards”. The Origin – A, B, Or What? This web page was final edited on 1 January 2024, at 21:08 (UTC). Text is obtainable beneath the Creative Commons Attribution-ShareAlike License 4.0; extra phrases might apply. By using this site, you comply with the Terms of Use and Privateness Policy. Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc., a non-profit group.
Kakao M (Korean: 카카오M; formerly Seoul Records, YBM Seoul Records and LOEN Entertainment) was a South Korean leisure firm established by Min Yeong-bin in 1978. It was one in all the largest co-publisher corporations in South Korea. The corporate operated as a document label, talent company, music manufacturing company, event administration, live performance manufacturing firm, and music publishing home. LOEN Leisure grew to become a subsidiary of Kakao in January 2016 and was subsequently renamed two years later. On-line music gross sales accounted for many of the company’s profit, with 93.9% of revenue coming from online music gross sales. The label additionally distributed CDs of another entertainment agencies in South Korea via its branch 1theK, but made lower than 5% of its revenue via them. On March 2, 2021, the corporate became defunct upon merging into KakaoPage. The merger resulted within the formation of a new firm, Kakao Leisure. Kakao M was founded as Seoul Data in 1978 by Min Yeong-bin as a subsidiary of YBM Sisa, an organization mainly involved in creating language-learning tapes. The corporate was officially registered in 1982, and in 1984 it began to provide and distribute information of classical and traditional music. It was registered as a venture capital firm in 1999 when it began to sell albums whereas working an online shop. In 2000, the company’s identify was modified to YBM Seoul Data and it began to operate on KOSDAQ. The company joined the IFPI in 2003. Korean conglomerate SK Telecom bought a 60% share of the company in 2005, and YBM Seoul Data subsequently became part of SK Group.
The company will now even have a corporate catchphrase, We Entertain. Barely a month before the corporate’s relaunch beneath its new title, Sean Seong-hoon Park resigned from both his positions as CEO of the company and chief strategy officer of its father or mother firm, and later moved to Netmarble Video games. He was replaced by Melon division head Lee Jae-wook. On February 28, 2021, Kakao M’s music was removed from Spotify after its licensing deal with the streaming service expired. They had addressed the elimination in a press release, citing the streaming service because the get together who had ensued it. On March 11, 2021, Kakao M renewed its licensing deal with Spotify. In March 2021, Kakao M and KakaoPage merged into an organization named Kakao Entertainment, while having its personal representative system beneath the title “M Company” there. LOEN Leisure, together with then-mum or dad SK Telecom, was one of many 15 companies fined and sued by the Korean FTC for value rigging in 2011. The corporate was fined $9.6 million for its role in the scheme. On October 9, 2016, the Supreme Court docket of Korea handed out a a hundred million gained tremendous each to LOEN Entertainment and its closest competitor Genie Music (then often called KT Music) for colluding in price fixing, courting again to a case filed in 2008. Co-CEO Shin Won-soo, who was the only CEO at the time being, was additionally sentenced to pay 10 million won. On September 26, 2019, it was revealed that 3 former executives of the company have been charged with stealing 18.2 billion won in royalties from Melon, artists, Salons apart and producers.
In 2013, LOEN Leisure made a deal with C-JeS Leisure to advertise and distribute Junsu’s second studio album Unbelievable. Days earlier than the album’s launch, C-Jes was reportedly notified by LOEN that they might distribute the album however had scrapped plans for promotional advertising and broadcasting Junsu’s upcoming showcase on MelOn, though they would be capable of broadcast it on LOEN Tv. Promotional banners regarding the album’s launch on MelOn also disappeared from LOEN’s social media accounts. C-JeS subsequently threatened to take away mentions of LOEN from Junsu’s upcoming showcase and to file for a civil appeal to the Truthful Trade Commission and Anti-Corruption and Civil Rights Commission. In response, LOEN Entertainment acknowledged that they were still in discussions concerning the album’s promotion and that nothing had been confirmed prior to the related article’s release. They pointed to the showcase occasion page on MelOn’s homepage nonetheless being up as evidence that promotions had been going ahead as deliberate. C-JeS responded saying that they’d begun receiving pre-orders for the album and entries for the showcase event with no response from LOEN. Following media attention, the two companies met on July 8 and resolved the dispute. Incredible was promoted and distributed by LOEN as planned. Kakao M had three corporations, an idea often called a “firm in firm” (CIC). The corporate additionally deliberate to arrange another one in the future. That year Soompi ranked MelOn as the third most influential entity within the Ok-pop industry. 300 titles per 12 months, working with independent agencies to put money into music manufacturing.
