Xlov’s Agency Acquired By Rbw Subsidiary Wm Entertainment

RBW has acquired 257 Entertainment, nan agency that is presently location to XLOV.

On March 11, RBW announced, “Our subsidiary WM Entertainment precocious signed a broad business acquisition statement pinch 257 Entertainment and has begun nan post-merger integration (PMI) process.”

According to nan position of nan recently signed agreement, WM Entertainment has acquired nan entirety of 257 Entertainment’s business, including each IP (Intellectual Property) assets, creator rights, and employees.

257 Entertainment CEO Park Jae Yong has besides been appointed co-CEO of WM Entertainment, joining existing CEO Kim Jin Woo successful nan activity role.

RBW CEO Kim Jin Woo commented, “We clasp 257 Entertainment’s unsocial imaginative attack successful precocious regard. We person nary uncertainty that this acquisition will create powerful power by consolidating nan business infrastructure and know-how of RBW, DSP Media, and WM Entertainment.”

He went connected to add, “We will do our utmost to thief XLOV grow their IP successful nan world market.”

Meanwhile, 257 Entertainment CEO Park Jae Yong remarked, “By joining forces, we will beryllium capable to grow nan K-pop segment each complete nan world much quickly.” He continued, “We are grateful for XLOV and their fandom EVOL’s unchanging support and encouragement, and we will proceed to persevere and move guardant successful nan early arsenic well.”

RBW, which is best-known for producing nan celebrated woman group MAMAMOO, antecedently acquired WM Entertainment successful 2021 and DSP Media successful 2022. Through its subsidiaries, nan institution besides houses artists for illustration OH MY GIRL, KARD, and YOUNG POSSE.

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