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Posted by Germaine-Jay Friday, June 4, 2021

JYP Entertainment acquires 23% of SM Entertainment subsidiary 'Dear U'

AKP STAFF

JYP Entertainment has acquired 23% of SM Entertainment subsidiary Dear U.

According to reports on June 4, JYPE has now officially acquired a 23.3% stake in Dear U, which is known for their successful fan community platform Bubble. The label reportedly acquired an additional 14.1% today, and JYPE expects to invest in more IT platforms in the future. 

Dear U has been receiving favorable feedback because of Bubble, a service that allows artists and fans to share their daily lives with each other. The service achieved 8.9 billion Won ($7,969,989.16 USD) in sales this year and 3.2 billion Won ($2,865,819.20 USD) in operating profit in the first quarter.

JYP artists 2PMDAY6TWICEStray Kids, and ITZY have participated in Bubble since 2020.

  1. misc.
  2. JYP ENTERTAINMENT
  3. SM ENTERTAINMENT
19 19,923 Share 75% Upvoted

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anker-90
anker-90369 pts Friday, June 4, 2021 2
Friday, June 4, 2021

ofc everyone wants some from SM

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woojin-best-boy
woojin-best-boy1,018 pts Friday, June 4, 2021 7
Friday, June 4, 2021

I know it's a bit of a stretch, but I wonder if JYPE and SM will sort of team up since YG and HYBE are already doing so...

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