Sony Music Entertainment Korea has struck a strategic partnership through equity investment with KQ Entertainment, the Seoul-based record company which has K-Pop boyband Block B, urban vocalist Babylon and others on its roster.
The deal was signed and announced this week by Denis Handlin, Chairman & CEO Australia & New Zealand and President, Asia, Sony Music Entertainment, and Sean Kim CEO, KQ Entertainment.
“We are delighted to partner with KQ Entertainment and Sean Kim. Sean and his team have developed an exciting roster of artists who are capturing the admiration of music fans in Korea and abroad,” comments Handlin. “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.”