Genie Music
| |
Native name | 주식회사 지니뮤직 |
---|---|
Public joint-stock company | |
Traded as | KRX: 043610 |
Industry | contents (music) |
Predecessor |
Blue Cord Technology Co., Ltd. (as a division) |
Founded | February 7, 1991 |
Headquarters | Yeongdong-daero 106-gil 17, Samseong-dong, Gangnam-gu, Seoul, South Korea |
Area served | worldwide |
Key people | Kim Hoon-bae (CEO)[1] |
Products | music albums, online services |
Services | production, distribution |
Owner |
KT Corporation (42.49%) LG Uplus (15%) SM-YG-JYP Consortium (7.12%)[2][3][4] |
Parent | KT Corporation |
Website | GENIEMUSIC.co.kr/ |
Genie Music (Hangul: 지니뮤직), a subsidiary of KT Corporation, is a South Korean company that specializes in the production and distribution of music content.
History
The company's history can be traced from the music contents division of Blue Cord Technology, established in 1991. The same division then owned Muz (now Olleh Music), one of the major music portals in the country. The division was also strengthened by the acquisition of Doremi Media (one of South Korea's well-known music publishers) in 2000.
In 2007, Blue Cord was acquired by KT Freetel, and upon merging with the former, made the music division a separate company named KTF Music. In 2009, the company was renamed as KT Music due to the merger of KTF and its parent KT Corporation.
It acquired KMP Holdings in 2012.[5][6][7][8][9][10][11][12]
Following the investment of LG Uplus, the company changed its name to Genie Music on March 2017.[2][13]
Assets
- Genie (online music service)
- Shop&Genie (music service for stores and other businesses)
Distribution Network
Present
Domestic
- YG Entertainment
- Star Empire Entertainment
- Baljunso (2014–present)
- The Music Works (2016–present)
- Astory Entertainment (2017–present)
- MillionMarket (2018–present; also with Kakao M)
- Signal Entertainment Group[14]
Former
Domestic
- Happy Face Entertainment (2009–2011)
- J. Tune Camp (defunct)
- JYP Entertainment (until 2018; now with IRIVER)
- Lion Media
- MBK Entertainment (2013–2014; now with Interpark Music)
- NH Media
- S.M. Entertainment (until 2018; now with IRIVER)
- Stardom Entertainment (defunct)
- Starkim Entertainment
- YMC Entertainment
Foreign
- Avex Group (until 2018; now with IRIVER)
References
- ↑ Genie Music appoints Kim Hoon-bae as new CEO (Park Soo-hyeong, ZDNet Korea, 2017-6-23)
- 1 2 LG Uplus invests in KT Music... "Strengthening the competitiveness of music platform" (Shin Min-kwan, The Chosun Ilbo, 2017-3-15)
- ↑ Seven companies - including SM, YG, JYP - become KT Music stakeholders (Cho Seung-hoon, Gaon Music Chart, 2014-1-24)
- ↑ KT Music CB conversion completed: SM, YG, JYP are major shareholders (Park Won-ik, The Chosun Ilbo, 2014-1-23)
- ↑ KT Music History
- ↑ Blue Cord Technology History
- ↑ Doremi Media History
- ↑ KTF acquires Blue Cord (Nam Seung-bong, Ulsan Daily Newspaper, 2007-11-14)
- ↑ Blue Cord changes name to KTF Music (Lee Soo-eun, NextDaily, 2008-3-28)
- ↑ Blue Cord renames as KTF Music (Dorothy H.W. Sim, DigitalTimes, 2008-3-28)
- ↑ KT acquires KMP Holdings "for music competitiveness" (Jung Yoon-hee, ZDNet Korea, 2012-11-2)
- ↑ Effects of KT Music's acquisition of KMP Holdings on the "Big Three" (Choi Jung-soo, The Asia Economy Daily, 2013-3-8)
- ↑ Song Su-hyun (March 15, 2017). "KT, LG Uplus join hands on home IoT, AI services". The Korea Herald. Retrieved January 31, 2018.
- ↑ http://finance.daum.net/item/newsview.daum?code=099830&docid=MD20161213143504014&no=3&nil_profile=stockprice&nil_menu=b019
External links
- Official website (in Korean)