KMP Holdings

KMP Holdings Co., Ltd.
Native name
 주식회사 KMP 홀딩스
Private
Industry Music & Entertainment
Genre K-pop
Fate Acquired by KT Music in 2012, then merged into it in 2013
Successor KT Music Corp.
Founded March 18, 2010 (2010-03-18)
Defunct November 2012 (2012-11)
Headquarters Cheongdam-dong, Gangnam District, Seoul, South Korea
Area served
 South Korea
Key people
 Kim Chang-whan (CEO)
Products Music & Entertainment
Services Music, Entertainment, Distributor
Owner 2010-2012:
see list
2012:
KT Music Corp.
Website http://kmpholdings.tistory.com/

KMP Holdings (acronym for "Korean Music Power") (Hangul: KMP홀딩스) is a South Korean music distribution company. It is headquartered in Gangnam-gu, Seoul and was opened on March 18, 2010.

History

In March 2010, KMP Holdings was established via a joint venture between S.M., YG, JYP, Star Empire, and other companies like Media Line, CAN Entertainment and Music Factory Entertainment. KMP is the official distributor of releases from these companies (KMP stands for Korean Music Power). Its chief executive officer is songwriter-producer Kim Chang-whan, representative of Media Line.[1]

KMP Holdings encompasses many fields including: music service, digital music distribution, and TV program production. It is a service platform that works to provide a more reasonable digital music system.[2] Many believe this is held to challenge the duopoly on music distribution by Mnet Media and LOEN Entertainment.

KT Music, the music contents arm of KT Corporation, eventually acquired KMP in November 2012, and in mid-June 2013, it absorbed KMP's distribution network.[3]

Awards

On the 2nd Gaon Chart K-Pop Awards last February 2, 2013, KMP Holdings was awarded as the "Best Music Distribution Company (Offline Music)".[4]

Founding companies

Business Area

Former Distribution Network

Korean

Japanese

References

  1. ↑ "Major entertainment companies establish joint venture KMP Holdings". allkpop. March 18, 2010. Retrieved August 10, 2013.
  2. ↑ "Korean music power: Seven companies join forces to launch KMP holdings". Maeil Kyungje. March 18, 2010. Retrieved August 10, 2013.
  3. ↑ "(kt PR room) KT to acquire KMP Holdings to strengthen its music businesses". KT Corporation. November 23, 2012. Retrieved August 2, 2013.
  4. ↑ jnkm (February 13, 2013). "Winners & Best Moments of the 2nd Gaon Chart K-Pop Awards". Soompi. Retrieved September 28, 2013.
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