Mnet Media entered into a partnership with JYPE on the 12th and expressed that they will be entering the Asian music market together.
Mnet will be using their background in networking influence with China, Thailand, Singapore, Malaysia, and all over Asia while JYPE will be combining Park Jinyoung, Wonder Girls, 2PM, and 2AM into the best artist content together with Mnet Media to maximize on their synergy.
Mnet associates stated, "With this alliance, we'll be propelling JYPE artists such as Wonder Girls and 2PM into performances all over Asia along with added businesses. It will be an opportunity to raise the status of the Hallyu wave since the 'needs' of performances and concerts by Korean artists are heightening. We will be subsidizing on this trend in Asia."
Mnet has already successfully created some of the largest festivals in the nation and has maintained its #1 rank as the company with the largest share in the music performance market.
Mnet representative Park Kwangwon stated, "We'll be using this alliance to create different and advanced entertainment business models to help Korea's entertainment industry become a leading enterprise. We will be taking this opportunity to expand the Asian wave in China, Thailand, and others in the Asian market."
CREDITS : SEOUL ECONOMY, ASIA ECONOMY (SOURCE); hazyfiasco@2ONEDAY.COM (TRANS)
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