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Kakao acquires 100% of Antenna Music's shares 2 months after establishing strategic partnership

AKP STAFF
Posted by Susan-Han Tuesday, August 17, 2021

Kakao Entertainment has now acquired 100% of Antenna Music, according to South Korea's Fair Trade Commission on August 17. 

Back in May, Kakao Entertainment and Antenna Music announced a strategic partnership. Kakao Entertainment revealed that it has decided to invest in Antenna Music to help the label's current and emerging artists. 

2 months later, Antenna Music has now become a formal subsidiary of Kakao, joining subsidiaries including Starship Entertainment, Play M Entertainment, and Cre.Ker Entertainment. 

Meanwhile, back in July Antenna successfully signed a management contract with comedian/MC Yoo Jae Suk, the #1 most sought-after comedian/MC in the industry. 

  1. Yoo Hee Yeol
  2. Yoo Jae Suk
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kingcowjunghwan
kingcowjunghwan3,057 pts Tuesday, August 17, 2021 2
Tuesday, August 17, 2021

So its Kakao and HYBE playing monopoly now

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Bombtwo
Bombtwo7,639 pts Tuesday, August 17, 2021 2
Tuesday, August 17, 2021

So basically Yoo Jae Suk just made his CEO friend very rich.

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