Mamamoo’s agency, RBW will be acquiring DSP Media & incorporating it as a subsidiary. With this acquisition, RBW plans to promote its new businesses of NFT & metaverse using music IPs.
🔗 n.news.naver.com/article/011/00…
🔗 n.news.naver.com/article/011/00…
According to the IB industry on the 26th, RBW will invest 9 bil won to acquire a 39.13% stake in DSP Media & incorporate it as a subsidiary, then sequentially secure a 100% stake in DSP Media in the future, where RBW CEO KJW will also serve as CEO of DSP Media
DSP Media holds a number of IP rights related to Kpop artists and music.
RBW plans to actively utilize DSP Media's music IP for its own music IP in promoting the new music IP business. It’s likely to promote music consumption & produce NFT goods
RBW plans to actively utilize DSP Media's music IP for its own music IP in promoting the new music IP business. It’s likely to promote music consumption & produce NFT goods
RBW announced that it will develop new businesses such as music IP-based NFT and metaverse as future growth engines. It plans to establish joint ventures with IT companies with related technologies such as NFT while continuing to secure music IPs
Through the acquisition of DSP Media, RBW will be able to strengthen its artist lineup. In addition to Mamamoo & Oneus, MIRAE & KARD are expected to lessen the artist sales gap. RBW also acquired WM Entertainment, which includes Oh My Girl & ONF last year.
RBW CEO KJW: With the acquisition of DSP Media, we will be able to secure both scale & speed in pushing new businesses related to NFT & Metabus using music IPs. We will use DSP Media's 30 years of K-pop history as an opportunity to re-establish the brand value of the company
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