Tuesday , July 27 2021

RBW acquires WM Entertainment Soompi

WM Entertainment has become a trademark of RBW Entertainment.

On April 7, RBW announced: “We are acquiring WM Entertainment, the agency of Oh My Girl, B1A4 and ONF.”

RBW completed a SPA (sale and purchase agreement) with WM Entertainment’s largest shareholder on March 31, acquiring a 70 percent stake in WM Entertainment and bringing the company as a subsidiary.

The two companies will now work to build synergies through close collaboration. .

RBW hosts artists including MAMAMOO, ONEUS, ONEWE and PURPLE KISS, while WM Entertainment hosts artists such as Oh * Girl, B1A4, ONF and IZ * ONE’s Lee Chae Yeon.

RBW CEO Kim Jin Woo commented: “WM Entertainment is a company that has grown rapidly in the entertainment industry in Korea and internationally through its capabilities in discovering and educating artists. As each company has accumulated different know-how, we will present a new synergy as we work together. Growing strategic businesses based on IP content (intellectual property), we will work to drive K-content culture around the world beyond Korea. “

With this acquisition, WM Entertainment will operate as RBW’s independent label and retain their current management.

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