Stone Music Entertainment

Stone Music Entertainment (Hangul: 스톤뮤직엔터테인먼트) is a South Korean entertainment private-held company under the E&M Division of CJ ENM.[1] It is currently one of the largest co-publisher companies in South Korea. The company operates as a record label, talent agency, music production company, event management, concert production company, music publishing house, and investment.

This article is about the South Korean record label under the CJ Group which was formerly named Mnet Media. For the TV channel under the same group, see Mnet (TV channel). For other uses, see M.net.
Stone Music Entertainment
Native name
스톤뮤직엔터테인먼트
Formerly
Mediopia
Mnet Media
CJ E&M Music
Subsidiary
Industry
Genre
Predecessor
  • Mediopia
  • MaxMP3
  • GM Agency
  • ID Incheon Entertainment
FoundedJune 29, 1994 (as Mediopia)
September 30, 2006 (as Mnet Media)
January 2011 (as CJ E&M Music)
April 3, 2018 (as Stone Music Entertainment)
Headquarters
Seoul
,
South Korea
Number of locations
Wonhyo-ro 3-ga, Yongsan-gu
Key people
Jung Hyung-jin (CEO)
Services
  • Music production
  • Licensing
  • Record distribution
  • Artist management
  • Actor management
Revenue
  • US$ 313 million (2016)
  • US$ 280 million (2015)
  • US$ 286.98 million (2014)
OwnerCJ ENM (100%)
ParentCJ ENM E&M Division
Subsidiariessee list
Websitestonemusicent.net

Once a home to artists SeeYa, Lee Hyori, I.O.I, Park Bo-ram, Wanna One, and X1, it currently manages artists such as SG Wannabe, Davichi, Roy Kim, Son Ho-young, Eric Nam, Heize, Fromis 9, Iz*One, and HEDY.

Stone Music Entertainment (formerly CJ E&M Music) was named Music Distributor of the Year at the Gaon Chart K-Pop Awards in 2014.[2]

History

Source:[3]

The company was established as Mediopia in May 1993 and later renamed as Mediopia Technology Co., Ltd in June 1994, as a manufacturer and distributor of electronic devices.

In January 2002, the company was listed on KOSDAQ.

In August 2004, Maekyung Hudson was incorporated as a subsidiary.

In July 2006, the largest shareholder changed from Poibos Co., Ltd. to CJ Corporation and was incorporated as an affiliate of CJ Corporation. The company later became a part of CJ Media Co., Ltd.

In September 2006, the company was later established again as Mnet Media, following the merge with GM Agency, MaxMP3 and ID Icheon Entertainment.

In January 2007, the company established entertainment company Core Contents Media, which was headed by producer Kim Kwang-soo.

In May 2007, CJ Music was merged into Mnet Media, which was operated in the music distribution and broadcasting businesses.

In January 2011, Mnet Media was merged into CJ E&M and renamed as CJ E&M Music. Following the merge, the company was revoked from the KOSDAQ listing in March 2011.

In December 2013, CJ E&M Music acquired 19% of Jellyfish Entertainment's shares to form a partnership.

In March 2014, the CJ E&M label system was introduced with Jellyfish Entertainment, The Music Works, MMO Entertainment, and 1877 Entertainment joining the system.[4]

In April 2014, CJ E&M Music launched a joint venture with Japan's Victor Entertainment, which was called CJ Victor Entertainment.[5]

In September 2015, CJ E&M Music acquired B2M Entertainment.[6]

In October 2015, CJ E&M Music signed a strategic partnership deal with hip hop label Hi-Lite Records.[7]

In January 2016, CJ E&M Music signed a strategic partnership deal with hip hop label AOMG.[8]

In 2017, CJ E&M Music established a new label named Stone Music Entertainment. The label began produce music for artists under CJ E&M Music, such as Wanna One, Davichi, and JBJ, and managed Idol School's winning group, Fromis 9.

In August 2017, CJ E&M Music established the High Up Entertainment joint venture with producer team Black Eyed Pilseung.[9] In the same months, CJ E&M acquired an additional 32% of Jellyfish Entertainment's shares, beyond the 19% of the label's shares previously acquired in 2013, effectively becoming the label's largest shareholder, with a total of 51%.[10]

In November 2017, CJ E&M Music acquired Amoeba Culture.[11]

In April 2018, Stone Music Entertainment was officially registered and CJ E&M later merged into Stone Music Entertainment in May 2018.

In June 2018, Stone Music Entertainment established the exclusive label Swing Entertainment for managing Wanna One since the latter ended their contract with YMC Entertainment, with Shin Dong-il (who is the former manager under YMC Entertainment) as the label head.

In September 2018, Stone Music Entertainment established the exclusive label Off The Record Entertainment for managing the Produce 48 winners, Iz*One, and Idol School winners Fromis 9.[12]

In October 2018, Genie Music acquired distribution rights to Stone Music Entertainment's releases in digital format after it merged with the latter's sister company, CJ Digital Music. The two companies will still release physical albums separately.[13]

On January 31, Stone Music Entertainment confirmed the establishment of exclusive label, LM Entertainment for managing Kang Daniel and Yoon Jisung since February 1, following the ended their contract with MMO Entertainment. The label known head by Shin Dong-il who also head their former label Swing Entertainment during Wanna One active.[14]

Partnerships and Music distributions

Source:[15]

Artists

Recording artists

Source:[16]

Groups

  • SG Wannabe
  • Davichi
  • TOO (for marketing and promotion)
  • [EVERGLOW](yeuhwa entertainment partnership)

Soloists


Notable Trainees

  • Jo Yu-ri (Iz*One)

Independent artists

Former artists and actors

Controversies

Price manipulation

CJ E&M Music (then Mnet Media) was one of the 15 companies fined and sued by the Korean FTC for price rigging in 2011.[20]

Plagiarism
Main article: Bahnus § H-Logic by Lee Hyori

References
  1. "CJ E&M launches game distribution JV in Taiwan". Korea Times. 2012-09-13. Retrieved 2014-04-16.
  2. "Winners from 'The 3rd GAON Chart Kpop Awards'!". Allkpop. 2014-02-12. Retrieved 2014-04-16.
  3. "cjenm". CJ E&M. Retrieved 27 May 2018.
  4. "Jellyfish Entertainment, Music Works, MMO, and 1877 Become Label Companies Under CJ E&M". www.mnetamerica.com.
  5. Herald, The Korea (28 April 2014). "CJ E&M, Victor Entertainment launch music joint venture".
  6. "CJ E&M "B2M과 전략적 제휴 체결, 매니지먼트·홍보 협력"".
  7. "Daum 요청하신 페이지의 사용권한이 없습니다". m.media.daum.net.
  8. "CJ E&M, 박재범·쌈디의 힙합 레이블 AOMG 인수".
  9. "[공식입장] 블랙아이드필승, CJ E&M과 손잡고 '하이업 엔터' 설립".
  10. "젤리피쉬엔터테인먼트, 황세준 대표가 지분 처분".
  11. "[단독]CJ E&M, 다듀·크러시 속한 아메바컬쳐 마저 품는다".
  12. "오프더레코드 "오늘부터 아이즈원X프로미스나인 소속사, 전폭지원" [공식입장 전문]".
  13. Genie Music poses threat to Melon by acquiring CJ Digital Music (Jun Ji-hye, The Korea Times, 2018-10-09)
  14. "강다니엘·윤지성, Mmo→Lm 엔터로 변경‥최선 다해 지원할 것[공식입장]". 2019-01-31.
  15. "Stonemusic". Stone Music Entertainment. Retrieved 27 May 2018.
  16. "Stone Music Entertainment - Artist". Stone Music Entertainment. Retrieved 27 May 2018.
  17. "미아(Mia), 레이블 스튜디오블루 계약…헤이즈와 한솥밥".
  18. "엑스원, 5개월만 결국 해체…"멤버·소속사간 전원 합의 안돼" [공식입장 전문]". entertain.naver.com (in Korean). Retrieved 2020-01-06.
  19. "[공식입장] 인투잇(IN2IT), 소속사와 전속계약 해지 "팬카페-SNS, 멤버들이 직접 관리할 것" - 김효진 기자". 톱스타뉴스 (in Korean). February 10, 2020. Retrieved February 10, 2020.
  20. "Korea's Fair Trade Commission fines 15 music distributors for collectively rigging prices". allkpop. March 1, 2011. Retrieved July 24, 2013.
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