Photo Credit: Kakao Entertainment South Korean company Kakao has obtained a controlling stake in K-pop agency SM Entertainment, leaving HYBE with 8.9% stake. Previous reports suggested HYBE hoped to sell its entire 15.8% stake to […]
Photo Credit: 티비텐 / CC by 3.0 Kakao Entertainment announces a significant new partnership with Columbia Records, beginning with the global expansion of rising K-Pop stars, girl group IVE. Kakao Entertainment has inked a significant […]
Photo Credit: Kakao Entertainment One day after the cancellation of a proposed deal for about nine percent of SM Entertainment, Kakao has moved to purchase approximately 35 percent of the company via a tender offer. […]
Seoul, South Korea. Photo Credit: Ciaran O’Brien Late last week, a South Korean court barred SM Entertainment from issuing more shares amid an ownership battle with Hybe. Now, SM has officially nixed a related agreement […]
Photo Credit: Kakao Entertainment Days removed from the official close of its over $320 million investment in SM Entertainment – one component of a “hostile takeover” effort, according to the latter business – BTS agency […]
Photo Credit: Kakao Entertainment South Korea’s Kakao Entertainment, which operates several K-pop labels, a streaming service, and more, has announced the completion of a nearly $1 billion raise fueled by “leading sovereign wealth funds.” Kakao […]
Fans are concerned after Spotify’s contract with South Korean music distributor Kakao M came to an end, with hundreds of K-pop songs from groups like IU and Epik High disappearing from the streaming service. K-pop […]