The biggest players in K-pop will be coming together to create a K-pop MV streaming service.
Big Hit Entertainment, SM Entertainment, YG Entertainment, JYP Entertainment, FNC Entertainment, Mystic Entertainment, and Star Empire have come together to found MCPA - 'Music & Creative Partners Asia'. 7 representatives met at the Seoul Park Hyatt Hotel on July 19th at 2PM to officially declare and sign the foundation of the new company.
MCPA will become the 7 labels' window in supplying MV contents to others such as YouTube, and they are also planning to create a new platform service for K-pop MVs.
(Left to right: FNC's Kim Yoo Sik, Big Hit's Yoon Suk Joon, YG's Choi Sung Joon, SM's Han Se Min, JYP's Byun Sang Bong, Mystic's Cho Young Chul, Star Empire's Lee Seung Joo.)