In a bid to expand its business globally, South Korea based Kakao Entertainment has reportedly accomplished a series of mergers and acquisitions overseas as well as domestically.
Sources have confirmed that the company has concluded the transfer of its digital content production and supplier Studio Orange and Studio Phoenix from Thailand on March 12. Its purpose is to conduct content and commerce business in Thailand.
Kakao stated that Studio Phoenix and Studio Orange were started as the subdivisions of Kakao Entertainment Asia which was founded on February 25 for expanding its entertainment business. It also added that by buying the studio the firm intends to debut in Southeast Asia's music, video and commerce indust
Netflix, an over-the-top content platform and production company, has recently inked a long-term exclusive agreement with BMG, a music company. The deal was geared towards the administration and management of its music publishing rights across the globe, outside the U.S. The production company also entered a similar agreement in 2017.
Under the terms of the latest agreement, BMG will operate as the exclusive music partner of Netflix outside the U.S. and handle rights and royalties for its original series and films. In addition, the global rights and royalties team of the music company will work with the production firm to ensure efficient music registration on its service,
The Eurovision Song Contest, the biggest live music event worldwide, has reportedly returned with over 183 million viewers tuning in from across 36 markets to catch the show. The immensely high viewership come in view of the surging online engagement.
In 2020, Jon Ola Sand, former executive supervisor of the contest, had to cancel the event, as the world was tackling the rapid spread of the coronavirus. Sand had apparently promised that the event would come back “stronger than ever”.
The Grand Final of the 65th Eurovision Song Contest recorded a 4% point hike in TV audience share than the preceding event held in 2
South Korean online platform Naver and leading entertainment firm Kakao Entertainment seem to be competing fiercely to acquire K-content, including web novels, webtoons, and music. They are reportedly striving to take over companies through mergers and acquisitions (M&A).
Credible sources have reported that the two companies have been in competition to acquire shares in SM Entertainment lately. That is because the company that will obtain shares in the entertainment company is expected to gain an advantage in the K-pop industry. If they obtain the shares, they will be able to collaborate with several popular SM artists like EXO, SHINee, NCT, Super Junior, aespa and Red
Mass Appeal Records, one of the best indie hip-hop labels, has reportedly struck a deal with Sony Music’s The Orchard. This agreement comes as a big move for Sony Music as it makes another swooping deal in the hip-hop sector, after acquiring J Erving’s distribution company Human Re-Sources in December.
Legendary rapper NAS is the co-owner of Mass Appeal Records and as a result of this deal, he will release his new material through The Orchard. The news comes against the backdrop of a phenomenal year for NAS, who recently won his first Grammy award for Best Rap Album for King’s Disease LP.
The entire roster of Mass Appe
Spotify, an audio streaming & media services provider, has reportedly unveiled a new feature designed to deliver a remote, live-show experience to the users.
The audio streaming service has announced a series of shows to be held in the upcoming months from artists such as Rag’n’Bone Man, The Black Keys, girl in red, Leon Bridges, and Bleachers’ Jack Antonoff. The service is billing the shows as pre-recorded livestreams.
The music industry has been hard hit by the COVID-19 pandemic due to the cancellation of live concerts and shows to curb the spread of the virus. A wide range of music-related platforms has been mak
One of the leading online music entertainment platforms in China, Tencent Music Entertainment, has confirmed facing discriminating scrutiny from Chinese regulators even after generating massive gains in the Q1.
The company has put forth claims that it was vigorously co-operating with the watchdogs and is committed to abiding with all the laws including those related to anti-trust. Apparently, this is the first time that the Group has come out to comment on the matter.
In fact, news reports claim that Tencent Holdings, parent organization for Tencent Music, was asked by the Chinese anti-trust controllers to give up its exclusive music ri
Apple Music has reportedly announced plans to launch two major updates next month – support for high-quality lossless audio and spatial audio through Dolby Atmos. Notably, these features would be available to all subscribers for free, including subscribers who are part of family and student plans.
The company has evidently said that its catalog would start with 20 million lossless audio songs and would include 75 million by the end of 2021.
Apple claimed that lossless audio would be offered exclusively on Apple Music, which is why it would be provided as a subscription-only service. However, the company would not offer music purch
South Korean boy band, BTS, is reportedly set to perform at the 2021 Billboard Music Awards. As per sources close to the matter, the band will give the debut television performance of “Butter”, their new English-language single at the event, which will be held on 23rd May 2021.
Performing remotely from Korea, the K-pop band is a finalist in four categories at the show. These categories comprise top selling song for their Billboard Hot 100 No.1 hit “Dynamite”, top social artist, top song sales artist, and top duo/group. BTS could win its fifth successive award in the top social category, which is presently open for voting from fans.