Posted by jennywill AKP STAFF Thursday, July 19, 2018

Big Hit, SM, YG, JYP, FNC, Mystic, and Star Empire found new company for K-pop MV distribution

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 EntertainmentMystic 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.

SEE ALSO: Fave Entertainment unveils first Fave Girls individual photo teaser featuring member Lee Soo Jin

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.)
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