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Business News Deals Labels & Publishers
Sony Music takes stake in K-pop label KQ Entertainment
By Andy Malt | Published on Monday 27 November 2017
Sony Music in Korea has launched a strategic partnership with local label KQ Entertainment. The deal will see Sony take equity in the company, which counts boyband Block B on its roster.
“We are delighted to partner with KQ Entertainment and [CEO] Sean Kim”, said Denis Handlin, President of Sony Music Entertainment Asia. “Sean and his team have developed an exciting roster of artists who are capturing the admiration of music fans in Korea and abroad. We are very focused on expanding the reach of KQ’s artists and to develop new Korean artists with Sean in the future. These are exciting times, with the Korean market growing strongly and K-Pop artists continuing to build an even larger fan base around the world”.
Kim added: “We believe that this partnership reflects K-Pop’s successful transition into an internationally accepted music genre, and the global competitiveness of KQ Entertainment’s artists. We are excited by this partnership with Sony Music and we very much appreciate Denis Handlin’s great support. This partnership provides us the opportunity to aggressively expand into the overseas market and create unprecedented projects to all the K-Pop fans around the globe”.
