Genie Music
 | |
Native name | 주식회사 KT 뮤직 (or 주식회사 케이티 뮤직) |
|---|---|
| Company type | Public joint-stock company |
| KRX: 043610 | |
| Industry | contents (music) |
| Predecessor | Blue Cord Technology Co., Ltd. (as a division) |
| Founded | February 7, 1991 |
| Headquarters | , |
Area served | worldwide |
Key people | Kim Seong-wook (CEO)[1] |
| Products | music albums, online services |
| Services | production, distribution |
| Owner | KT Corporation (49.98%) convertible bond of seven companies (S.M. Entertainment, YG Entertainment, JYP Entertainment, Star Empire Entertainment, CAN Entertainment, Media Line and Music Factory Entertainment) (13.48%)[2][3] |
| Parent | KT Corporation |
| Website | ktmusic.co.kr |
KT Music (kt music in lowercase, Hangul: KT 뮤직), a subsidiary of KT Corporation, is a South Korean company that specializes in the production and distribution of music content.
History
The company's history can be traced from the music contents division of Blue Cord Technology, established in 1991. The same division then owned Muz (now Olleh Music), one of the major music portals in the country. The division was also strengthened by the acquisition of Doremi Media (one of South Korea's well-known music publishers) in 2000.
In 2007, Blue Cord was acquired by KT Freetel, and upon merging with the former, made the music division a separate company named KTF Music. In 2009, the company was renamed as KT Music due to the merger of KTF and its parent KT Corporation.
It acquired KMP Holdings in 2012.[4][5][6][7][8][9][10][11]
Assets
- Olleh Music (online music service, formerly Muz and Dosirak (Lunchbox))
- Genie (online music service)
- Shop&Genie (online shopping portal)
References
- ^ KT Music appoints Kim Seong-wook as new CEO (Park Won-ik, The Chosun Ilbo, 2015-1-19)
- ^ Seven companies - including SM, YG, JYP - become KT Music stakeholders (Cho Seung-hoon, Gaon Music Chart, 2014-1-24)
- ^ KT Music CB conversion completed: SM, YG, JYP are major shareholders (Park Won-ik, The Chosun Ilbo, 2014-1-23)
- ^ KT Music History
- ^ Blue Cord Technology History
- ^ Doremi Media History
- ^ KTF acquires Blue Cord (Nam Seung-bong, Ulsan Daily Newspaper, 2007-11-14)
- ^ Blue Cord changes name to KTF Music (Lee Soo-eun, NextDaily, 2008-3-28)
- ^ Blue Cord renames as KTF Music (Dorothy H.W. Sim, DigitalTimes, 2008-3-28)
- ^ KT acquires KMP Holdings "for music competitiveness" (Jung Yoon-hee, ZDNet Korea, 2012-11-2)
- ^ Effects of KT Music's acquisition of KMP Holdings on the "Big Three" (Choi Jung-soo, The Asia Economy Daily, 2013-3-8)
External links
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