WM Entertainment has develop into a label of RBW Entertainment.
On April 7, RBW introduced, “We are buying WM Entertainment, the company of teams Oh My Girl, B1A4, and ONF.”
RBW accomplished a SPA (gross sales and buy settlement) with WM Entertainment’s largest shareholder on March 31, buying 70 p.c of WM Entertainment’s shares and bringing within the firm as a subsidiary.
The two firms will now work on creating synergy by way of shut cooperation. .
RBW is dwelling to artists together with MAMAMOO, ONEUS, ONEWE, and PURPLE KISS, whereas WM Entertainment homes artists corresponding to Oh My Girl, B1A4, ONF, and IZ*ONE’s Lee Chae Yeon.
RBW’s CEO Kim Jin Woo commented, “WM Entertainment is an organization that has grown rapidly within the leisure business in Korea and internationally by way of their capabilities in uncover and coaching artists. As every firm has accrued totally different know-hows, we are going to show new synergy whereas working collectively. Developing strategic enterprise primarily based on content material IP (mental property), we are going to work to guide K-content tradition internationally past Korea.”
With this acquisition, WM Entertainment will function as an unbiased label of RBW and keep their present administration.
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