Beyond Music, an investment and management company focusing on music IP aggregation, has successfully acquired the second-largest music IP holding company in S. Korea and marked its dominant presence in the country. The Company will also launch a partnership with a prominent music content/service provider in S. Korea to preoccupy overseas markets.
Beyond Music announced the acquisition of FNC Investment, a music IP holding company under FNC, for KRW 47 billion. The deal includes all of FNC Entertainment’s common shares and all of the convertible bonds that Dreamus Company invested in May 2021.
Also, Beyond Music has decided to make a strategic partnership with Dreamus Company (CEO: Giyoung Lee), a distinguished streaming service provider (FLO) and a subsidiary of SK Square, to cooperate on music IP business on a global scale. // Continue to the full article