KMP Holdings (acronym for Korean Music Power; ) was a South Korean music distribution company. It was 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 Media Line, CAN Entertainment and Music Factory Entertainment. KMP is the official distributor of releases from these companies (KMP stands for Korean Music Power). Its chief executive officer is songwriter-producer Kim Chang-whan, representative of Media Line.
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. 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.
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)".
Founding companies S.M. Entertainment YG Entertainment JYP Entertainment Star Empire Entertainment Media Line CAN Entertainment Music Factory Entertainment
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
Former distribution network
Korean Afrodino World CAN Entertainment (formerly CAN&J Entertainment) Fair Music GM Contents Media (later merged into Core Contents Media) GraceJ iMBC (for Infinite Challenge releases) JYP Entertainment Media Line Music Factory Entertainment S.M. Entertainment Star Empire Entertainment (excluding Nine Muses, whose distribution rights were then handled by LOEN Entertainment) Trophy Entertainment (moved to LOEN Entertainment, then dissolved) YG Entertainment
Japanese Avex Group Johnny & Associates
References
External links (via Tistory)