1

0

General
Posted by starsung0 pt Thursday, August 8, 2013

SM Entertainment's SM C&C merges with Woollim Entertainment to form 'Woollim Label'

USER CONTENT
INFINITE, Nell, TASTY

SM Entertainmentis setting their sights on the big picture as they embark on the road to become a major music company such asUniversal Music Group,Warner Music Group, and Sony Music Entertainment.


Just as the three mentioned labels are major global music companies that manage various sub labels, SM will also set out to become a representative music group in Asia.


They've already kicked off the process asSM C&Chas announced a merger withWoollim Entertainmentto create an independent 'Woollim Label', whose music will differ from SM Entertainment's sounds with their own color of music and an eclectic lineup of artists.With its connection to SM Entertainment, SM C&C, and other global subsidiaries, a synergy effect is expected.


In addition, with SM Entertainment's global influence and network, artists now under Woollim Label like INFINITE, NELL, and TASTY will benefit, and their increased global recognition will also raise SM group's total sales and profits.


Regarding 'Woollim Label', SM Entertainment stated, "SM Entertainment will run its global music distribution and additional businesses while SM C&C will take charge of the label's functions. In terms of business structure and scale, we will acquire international competitiveness and will stand as Asia's premier music group which can compete with global major music groups. We will take our place as the first global major music group in Korea."



Source: Chosun Ilbo via Nate


[Thanks to everyone who sent this in!]

  1. INFINITE
  2. Nell
  3. TASTY
  4. SM ENTERTAINMENT
  5. WOOLLIM ENTERTAINMENT
  6. SM CC
  7. WOOLLIM LABEL
0 214,200 Share 100% Upvoted

allkpop in your Inbox

New Message

SEND