98

17

News
Posted by Germaine-Jay Saturday, March 7, 2020

CJ ENM sells its shares of Jellyfish Entertainment, label of VIXX, Gugudan, and VERIVERY

AKP STAFF

CJ ENM has sold its shares of Jellyfish Entertainment.

On March 6, CJ ENM announced the entertainment and mass media company had sold 40,396 shares of Jellyfish Entertainment stock for the amount of 1.9 billion Won ($1,598,237.06 USD). Jellyfish CEO Hwang Se Jun is said to have acquired the stocks, which means he now owns 73.53% of the label's shares. The news also means CJ ENM is no longer the majority stockholder of Jellyfish Entertainment after they became a major shareholder in 2017.

In other news, CJ ENM sold 116,000 shares of Hi-Lite Records for 1.044 billion Won ($878,189.21) this past February. 

Jellyfish Entertainment is home to VIXX, Gugudan, and VERIVERY.

  1. misc.
  2. CJ ENM
  3. JELLYFISH ENTERTAINMENT
26 22,039 Share 85% Upvoted
 
Vash_Outlaw
Vash_Outlaw1,587 pts Saturday, March 7, 2020 5
Saturday, March 7, 2020

This would interest me more if there was information on a Gugudan comeback. It's been almost 2 years since I've seen them perform on stage together. The closest to having a group comeback they've gotten was at ISAC.

6 (+8 / -2)
Share

5 more replies

 
forgivemenot1
forgivemenot12,990 pts Saturday, March 7, 2020 0
Saturday, March 7, 2020

If CEO Hwang Se Jun previously held 51% of the shares according to other news outlets that makes him the "majority stockholder" not CJ ENM, they were just a major shareholder.


And the takeaway we can get from this article other than CJ ENM seemingly divesting itself of Kpop companies is the total value of Jellyfish Entertainment which by my reckoning is approximately 8 million USD.



5 (+5 / -0)
Share

SHOW ALL COMMENTS

allkpop in your Inbox

THE TOP 10 STORIES DELIVERED DAILY
Hwayoung, T-ara
Former T-ara trainers side with Hwayoung in past bullying controversy
2 hours ago      6,649
Kim So Eun, Song Jae Rim
Actress Kim So Eun writes heartfelt message after death of former 'We Got Married' co-star Song Jae Rim
1 day ago      57,814
Song Jae Rim
Actor Song Jae Rim unexpectedly passes away at 39
3 days ago      177,704
misc.
Choi Hyun Wook's agency responds with 'no comment' after the actor accidentally posts a photo showing his nude reflection on SNS
1 day ago      52,687
Hong Suk Chun, Kim So Eun, Song Jae Rim
Colleagues mourn the sudden death of Song Jae Rim
3 days ago      49,561
Stray Kids
Stray Kids reveal comeback schedule for 'SKZHOP HIPTAPE' mixtape
55 minutes ago      535
Yesung
Super Junior's Yesung reveals scenic special MV for 'There She Goes Again'
1 hour ago      314
Hwayoung, T-ara
Former T-ara trainers side with Hwayoung in past bullying controversy
2 hours ago      6,649
ILLIT
ILLIT reveal 'Tick-Tack' dance practice video
3 hours ago      966
IU
IU reveals why she stopped checking social media messages
4 hours ago      5,341
Suzy
Suzy named global ambassador for luxury brand Celine
5 hours ago      3,188
Stray Kids
Stray Kids reveal comeback schedule for 'SKZHOP HIPTAPE' mixtape
55 minutes ago      535
IU
IU reveals why she stopped checking social media messages
4 hours ago      5,341
Girls
Girls' Generation's YoonA to feature as guest on 'Hyo's Level Up'
8 hours ago      1,588
TWICE, Nayeon
TWICE's Nayeon to sing the Korean version of 'Beyond' for 'Moana 2'
9 hours ago      1,843
New Message

SEND