Mamamu·Oh My Girl, Korean pot rice… RBW acquires WM Entertainment “maintaining the existing system” [공식입장]

[엑스포츠뉴스 이슬 기자] Mamamu and Oh My Girl eat a pot of rice.

RBW said, “We are taking over (M&A) the management company WM Entertainment of the group Oh My Girl, B1A4, ON&OFF.”

Recently, RBW signed a stock purchase agreement (SPA) with the largest shareholder of WM Entertainment and completed the transaction on the 31st of last month. RBW acquired more than 70% of WM Entertainment’s shares, including new and old stocks, and incorporated it into a subsidiary. With this, RBW plans to focus on creating synergy by working closely with WM Entertainment.

If RBW and WM Entertainment combine their respective artist planning and content production capabilities, it is expected that they will be able to diversify sales and promote successful new business. In addition, it plans to launch a new strategic business based on IP and advance into the global market in earnest.

RBW is a company founded in 2010 and is operated by the leading producer of K-POP industry’s best hit maker, composer Kim Do-hoon, and music business expert Jin-woo Kim as the CEO. It is a comprehensive content company with.

In addition to the artist management business, RBW is engaged in a variety of content-based businesses such as content production and brand marketing agency. In particular, it is attracting attention at home and abroad by establishing a production system’RBW Artist Incubation System’ with unique know-how. Major artists include Mamamoo, One Earth, Won We, and Purple Kiss.

WM Entertainment is an entertainment company that opened in 2008 and incorporated in 2012, and its founder is Kim Jeong-soo, a former singer (for example, Lee Won-min). Director Kim Jin-mi, who is in charge of production, and Ji-Hyun Cho, who is in charge of management, are key characters in various entertainment businesses such as management, album planning and production, and concert planning. Major artists include Oh My Girl, B1A4, On & Off, and IZone Lee Chae-yeon.

RBW CEO Kim Jin-woo, who has been leading this M&A, said, “WM Entertainment is a company that has grown rapidly in the domestic and foreign entertainment markets based on its ability to discover and nurture artists, and we will exert new synergy as each of the accumulated know-how differs from each other.” said. He then said, “We will develop content IP-based strategic businesses so that we can lead the culture of’K-Contents’ overseas beyond Korea.”

Even after this acquisition, WM Entertainment plans to maintain its existing management system with its own label.

[email protected] / Photo = RBW, Exsports News DB