7

0

General
Posted by Germaine-Jay Tuesday, July 31, 2018

CJ ENM & Big Hit Entertainment to establish new joint company

AKP STAFF
misc.
CJ ENM and Big Hit Entertainment are establishing a new joint company.

SEE ALSO: HEYOON announces debut solo track 'Pivot'


On July 31, reports revealed the two agencies are collaborating to create a new entertainment label. CJ ENM stated, "Both sides have completed discussion for the joint company establishment, but several steps still remain."

Reportedly, CJ ENM and Big Hit Entertainment have already submitted merger and acquisition documents to the Fair Trade Commission under the agency name Belief. CJ ENM will hold 51% of the shares, while Big Hit will hold the remaining 49%.

Stay tuned for updates on Belief.
  1. misc.
  2. CJ ENM
  3. BIG HIT ENTERTAINMENT
0 28,618 Share 100% Upvoted

allkpop in your Inbox

THE TOP 10 STORIES DELIVERED DAILY
Jo Se Ho, Yoo Jae Suk
Buzz
Hwayoung, T-ara
Jonathan, Kim Jong Kook
Juniel
G-Dragon, Jennie, Zico, IU, NewJeans
Yoo Seung Ho
2NE1, Park Bom
Nana
Jo Se Ho, Yoo Jae Suk
Jo Se Ho, Yoo Jae Suk
Buzz
Hwayoung, T-ara
BLACKPINK, BTS, Jin, Psy, Wendy, RIIZE, SHINee
2NE1, Park Bom
New Message

SEND