19

0

News

Kakao acquires 100% of Antenna Music's shares 2 months after establishing strategic partnership

AKP STAFF
Posted by Susan-Han Tuesday, August 17, 2021

Kakao Entertainment has now acquired 100% of Antenna Music, according to South Korea's Fair Trade Commission on August 17. 

Back in May, Kakao Entertainment and Antenna Music announced a strategic partnership. Kakao Entertainment revealed that it has decided to invest in Antenna Music to help the label's current and emerging artists. 

2 months later, Antenna Music has now become a formal subsidiary of Kakao, joining subsidiaries including Starship Entertainment, Play M Entertainment, and Cre.Ker Entertainment. 

Meanwhile, back in July Antenna successfully signed a management contract with comedian/MC Yoo Jae Suk, the #1 most sought-after comedian/MC in the industry. 

  1. Yoo Hee Yeol
  2. Yoo Jae Suk
8 12,325 Share 100% Upvoted
 
kingcowjunghwan
kingcowjunghwan3,055 pts Tuesday, August 17, 2021 2
Tuesday, August 17, 2021

So its Kakao and HYBE playing monopoly now

5 (+7 / -2)
Share

2 more replies

 
Bombtwo
Bombtwo7,638 pts Tuesday, August 17, 2021 2
Tuesday, August 17, 2021

So basically Yoo Jae Suk just made his CEO friend very rich.

2 (+3 / -1)
Share

2 more replies

SHOW ALL COMMENTS

allkpop in your Inbox

THE TOP 10 STORIES DELIVERED DAILY
Song Min Ho (Mino)
Seoul Mayor orders full review of social service agents after Song Min Ho scandal
8 hours ago      6,299
Yoon Jong Shin
Yoon Jong Shin departs South Korea, reflects on burnout and personal growth
1 day ago      51,837
Lee Jung Hyun
Actor Lee Jung Hyun addresses failed Kia job application amidst retirement rumors
9 hours ago      9,565
Lee Jung Hyun
Actor Lee Jung Hyun reveals his unexpected attempt at Kia’s production engineer job
13 hours ago      7,810
aespa, Karina, Zico
"They only care about singers," Comedian expresses anger after KBS Entertainment Award show gives awards to Karina and Zico
21 hours ago      27,871
Girls
Taeyeon marks 10 years as a Solo Artist, reflects on her musical journey and love for Girls' Generation members
44 minutes ago      701
Go So Young, Jang Dong Gun
Go So Young ♥ Jang Dong Gun’s luxurious Christmas celebration in their 16.4 billion KRW penthouse
2 hours ago      1,912
Gong Hyo Jin, Jang Do Yeon, Lee Min Ho
Gong Hyo Jin reveals Lee Min Ho’s thoughtful and lavish wedding gift
2 hours ago      3,059
(G)I-DLE
(G)I-DLE’s 2025 Season’s Greetings takes you into the sweet world of 'Lovely Bakeshop'
2 hours ago      709
CREZL
CREZL unveils first concept photo for the single album 'HAKUNAMATA:舵'
3 hours ago      715
Song Min Ho (Mino)
Seoul Mayor orders full review of social service agents after Song Min Ho scandal
8 hours ago      6,299
Lee Sang Soon, Lee Sun Gyun, Song Joong Ki
Song Joong Ki pays heartfelt tribute to the late Lee Sun Gyun
4 hours ago      3,175
STAYC, Seeun, J
STAYC’s Seeun and J release surprise Christmas single “Over U, Goodbye”
6 hours ago      680
Yoo Ah In
Actor Yoo Ah In appeals for leniency after 4-year sentence request "Give me a chance"
4 hours ago      3,060
aespa, Karina, ITZY, Yuna, NMIXX, Sullyoon
ITZY, aespa, and NMIXX members unite for exclusive collaboration at ‘2024 MBC Gayo Daejejeon’
6 hours ago      2,519
New Message

SEND