KMP Holdings

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KMP Holdings Co., Ltd.
Native name 주식회사 KMP 홀딩스
Type Private
Industry Music & Entertainment
Genre K-pop
Founded March 18, 2010
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(s) 2010-2012:
see list
2012-present:
KT Music Corp.
Parent 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 Medialine, CAN Entertainment and Music Factory. KMP is the official distributor of releases from these companies. KMP stands for Korean Music Power.[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

  • Music Album Off-Line Distribution
  • Digital Music Distribution (domestic, foreign)
  • Investment for Music Contents
  • Contents Producing & Management
  • Concert & Awards
  • New Media, Social Media Business
  • Merchandising

Distribution Network

Present

Korean

Japanese

Former

Korean

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. 

External links

Korean wave · Korean hip hop · Korean rock · Trot
Terminology
Artists
Events
Websites
Music shows
Music charts
Notable larger labels
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