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Loen Entertainment takes over majority stake in Starship Entertainment for 15 billion won

December 18, 2013 @ 11:01 am
by alim17
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As the process for this acquisition was reported back in November, it comes as no surprise that Loen Entertainment has successfully taken over a majority stake in Starship Entertainment, which is known for having popular artists such as SISTAR, K.Will, and Boyfriend.  


While the amount of about 14 billion won (~ $13 million USD) was the originally negotiated value, it appears that Loen Entertainment has taken over Starship at a slightly higher value of 15 billion won (~ $14.3 million USD).  The money was used to acquire 7,000 shares (70%) of Starship, essentially allowing Loen to take over.


SEE ALSO: Loen Entertainment in the process of buying and taking over Starship Entertainment


After Loen made the public announcement, they reported:


"On December 18, we had a board meeting and decided to invest in 70% of Starship.


After switching to a multi-label system back in September, we reviewed competent agencies as potential objects of investment.  On December 18, we decided to invest in Starship because of their superior competence in content production and artist management as well as potential for continuous growth.


We have high expectations that this investment will provide an opportunity for Loen to improve the competitiveness of its artist management enterprise, enhance the K-Pop business system, and act as a stepping stone for advancing into the global market.


Starship's main management will not be altered, allowing it to maintain its inherent character and operate as an independent label system.  At the same time, we plan on creating a synergy between these two companies through high quality content production and marketing cooperation with Loen's existing labels.


Even in the future, Loen wants to offer extensive opportunities to agencies and producers who are widely competent in continuous production."


Many fans may be relieved to find out that this business acquisition should not greatly affect Starship's unique style, at least according to the above report.  How do you feel about this new business acquisition?  Are you hoping to see some collaborations between Loen and Starship artists?

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bukonamja
· Posted December 21, 2013 @ 9:17 pm

SM C&C can conquer PLEDIS or TS Ent. for merge...

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bukonamja
· Posted December 21, 2013 @ 9:12 pm

SM Entertainment is finding another Potential Ent. Company to Merge...

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tina3256
· Posted December 19, 2013 @ 10:02 pm
This comment has been removed due to violation of our TOS. (Reason: spammer)
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bunai
· Posted December 19, 2013 @ 8:45 pm

i agree with this but doesn't with sm-woolim..

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2ne1gen
· Posted December 19, 2013 @ 7:40 pm

SM-Woolim now Loen-Starship

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crazy4bigbang
· Posted December 19, 2013 @ 3:16 pm

Collabs!!! <3 :P

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tinamina41
· Posted December 19, 2013 @ 12:58 pm
This comment has been removed due to violation of our TOS. (Reason: spammer)
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adihays
· Posted December 19, 2013 @ 8:28 am

as long as the awesomeness of starship still there, i have no problem...

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kpopisthelyfe
· Posted December 19, 2013 @ 3:47 am

As long as the awesome music doesnt change,I'm fine with it.

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realme21
· Posted December 19, 2013 @ 2:48 am

Starship doesn't earn a lot cause of SUCKY SISTAR PHYSICAL SALES. 

The money is always on the physical sales.

kpopisthelyfe
· Posted December 19, 2013 @ 3:46 am
Sistar is their most successful group. So I dont know what you ate talking about&they have millions of fans which proves they dont suck. Unless you just hater then it is very understandable.
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zico10
· Posted December 19, 2013 @ 8:37 pm
@kpopisthelyfe he half right, sistar do really poor physical sales compared to other group - suprising seeing as how they always win on music shows.
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kpopisthelyfe
· Posted December 20, 2013 @ 12:20 am
@zico10 yeah he might be half right but there was no need to say they suck cause if they really did suck they wouldnt have so much fans so its whatever now and maybe people are just broke nowadays lol
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star14ever
· Posted December 27, 2013 @ 5:48 am
It's not on the money,it's on the popularity and how much the idols enjoy what they are doing.If you did like starship ent. artistes, you would think like I do
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star14ever
· Posted December 27, 2013 @ 5:48 am
It's not on the money,it's on the popularity and how much the idols enjoy what they are doing.If you did like starship ent. artistes, you would think like I do
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star14ever
· Posted December 27, 2013 @ 5:48 am
It's not on the money,it's on the popularity and how much the idols enjoy what they are doing.If you did like starship ent. artistes, you would think like I do
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star14ever
· Posted December 27, 2013 @ 5:48 am
It's not on the money,it's on the popularity and how much the idols enjoy what they are doing.If you did like starship ent. artistes, you would think like I do
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star14ever
· Posted December 27, 2013 @ 5:48 am
It's not on the money,it's on the popularity and how much the idols enjoy what they are doing.If you did like starship ent. artistes, you would think like I do
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star14ever
· Posted December 27, 2013 @ 5:48 am
It's not on the money,it's on the popularity and how much the idols enjoy what they are doing.If you did like starship ent. artistes, you would think like I do
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ctranii
· Posted December 19, 2013 @ 1:59 am

Hope Loen can promote Boyfriend much more now :) those boys deserve more attention :)

And i wouldn't Mind a an IU and K.Will Collab :DD

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superluke
· Posted December 19, 2013 @ 1:58 am

As long as Sistar's songs stays the same its okay ~ haha

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JinG@j_99
· Posted December 19, 2013 @ 1:21 am
I think it will come out the best
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JinG@j_99
· Posted December 19, 2013 @ 1:21 am
I think it will come out the best
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blackcrystalcind
· Posted December 19, 2013 @ 12:48 am

Are you sure you want to invest in Starship? i think Cube is a better choice since Starship only has Sistar and K.will to work from.

cmmoi93
· Posted December 19, 2013 @ 12:51 am
sistar is a worth artist to invest for. .
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topand
· Posted December 19, 2013 @ 2:24 am
@cmmoi93 only sistar and kwill seem worth?? .. boyfriends??
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cmmoi93
· Posted December 19, 2013 @ 3:08 am
@topand i like sistar music style.. ..so i know it btter to invest in starship. ...
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topand
· Posted December 19, 2013 @ 5:53 am
@cmmoi93 yeah i understand.. i agree loen buy starship because sistar and k will...but the fact they came with boyfriends...loen have history and fiesta they still promoting them make them big.. thats why i little worrie about boyfriends
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cheeridae
· Posted December 22, 2013 @ 2:56 am
loen must have realised starship has more potential to grow than what they are currently doing with the present management. if not, why should loen invest?
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SunnyNWonderful
· Posted December 19, 2013 @ 12:44 am

I think LOEN has good management. I think the investment will only push both forward. :]

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bf_chelminwoo
· Posted December 19, 2013 @ 12:28 am

Kyahh.. I Think this is the reason why BOYFRIEND will be going in US.. Like Puerto Rico.. I Hope Boyfriend could have the best COMEBACK on February 2014.. And Male sistar right?? Will Debuting next year.. ^0^

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kimsire
· Posted December 18, 2013 @ 11:56 pm

Hoping for the best <3

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sexysone
· Posted December 18, 2013 @ 10:50 pm

DONT

TOUCH 

MY 

SISTAR

BABIES'

MUSIC

raffythejpopper
· Posted December 19, 2013 @ 12:26 am
"Starship's main management will not be altered, allowing it to maintain its inherent character and operate as an independent label system. A the same time, we plan on creating a synergy between these two companies through high quality content production and marketing cooperation with Loen's existing labels." Definitely, Loen will not meddle in Starship's music-making affairs.
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musicallday
· Posted December 18, 2013 @ 9:12 pm

As long as they dont change Starships music then i am okay.