It seems that Jay Park's label AOMG has struck a sweet deal with media conglomerate CJ E&M for the new year! Through a press release, CJ E&M revealed on January 6 that they have acquired AOMG. 

As you already know, Jay Park, along with Simon D are the co-CEOs of the trendy hip hop label AOMG, which houses talents such as GRAY, LOCO, ELO, DJ Pumpkin, DJ Wegun, Hoody, and Ugly Duck. 

SEE ALSO: Jay Park delivers holiday joy with 'Merry Merry Christmas :)' lyric video

CJ E&M's music sector president Ahn Seok Joon stated, "So that AOMG will ultimately lead in not only hip hop music but also in lifestyle and grow as the trendiest label in the music market, we will do everything in our power including hiring those who are knowledgeable of the music industry and expand and develop the label using diverse business opportunities." 

From now on, AOMG will continue to independently produce their own music and oversee the operations of the label; however, by directly using the distribution, marketing, and global channels provided by CJ E&M, AOMG plans to bring their music to a more widespread, global audience. 

AOMG started off the year strong and we know the same will hold true for the rest of the year!