Genie Music

































































Genie Music Corporation
Native name
주식회사 지니뮤직
Type
Public joint-stock company
Traded as
KRX: 043610
Industry
contents (music)
Predecessor Blue Cord Technology Co., Ltd.
(as a division)
Founded February 7, 1991
Headquarters
Yeongdong-daero 106-gil 17, Samseong-dong, Gangnam-gu, Seoul
,
South Korea
Area served
 worldwide
Key people
 Kim Hoon-bae (CEO)[1]
Products music albums, online services
Services production, distribution
Owner
As of October 10, 2018:[2]
KT Corporation: 35.97%
CJ ENM: 15.35%
LG U+: 12.70%
Parent KT Corporation
Website GENIEMUSIC.co.kr/

Genie Music (Hangul: 지니뮤직), a subsidiary of KT Corporation, is a South Korean company that specializes in the production and distribution of music content. Its music streaming service is the second most used in South Korea with 2.5 million subscribers as of June 2018.[3][4]




Contents






  • 1 History


  • 2 Assets


  • 3 Distribution Network


    • 3.1 Present


      • 3.1.1 Domestic


      • 3.1.2 Foreign




    • 3.2 Former


      • 3.2.1 Domestic


      • 3.2.2 Foreign






  • 4 References


  • 5 External links





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.[5][6][7][8][9][10][11][12]


Following the investment of LG Uplus, the company changed its name to Genie Music on March 2017.[13][14]


In October 2018, Genie Music and CJ ENM's CJ Digital Music merged, with Genie Music being the surviving entity.[2]



Assets




  • Genie (online music service)


  • Mnet.com (online music service named after the famous music channel, since 2018. Name licensed from CJ ENM.)


  • Shop&Genie (music service for stores and other businesses)



Distribution Network



Present



Domestic



  • YG Entertainment

  • Star Empire Entertainment


  • Baljunso (2014–present)

  • Astory Entertainment (2017–present)


  • Signal Entertainment Group[15]


  • Stone Music Entertainment (digital format only; 2018-present)

    • MMO Entertainment

    • The Music Works

    • Jellyfish Entertainment

    • CJ Victor Entertainment

    • B2M Entertainment

    • Hi-Lite Records


    • AOMG (also with Kakao M)

    • HIGHUP Entertainment

    • Amoeba Culture

    • SWING Entertainment

    • Off The Record Entertainment





Foreign



  • Stone Music Entertainment (digital format only; 2018-present)

    • King Records 'You be Cool' division (AKB48)



Former



Domestic




  • Happy Face Entertainment (2009–2011)


  • J. Tune Camp (defunct)


  • JYP Entertainment (until 2018; now with IRIVER)

  • Lion Media


  • MBK Entertainment (2013–2014; now with Interpark Music)

  • NH Media


  • SM Entertainment (until 2018; now with IRIVER)


  • Stardom Entertainment (defunct)

  • Starkim Entertainment

  • YMC Entertainment



Foreign




  • Avex Group (until 2018; now with IRIVER)


  • J Storm (until 2018; now with IRIVER)



References





  1. ^ Genie Music appoints Kim Hoon-bae as new CEO (Park Soo-hyeong, ZDNet Korea, 2017-6-23)


  2. ^ ab Genie Music poses threat to Melon by acquiring CJ Digital Music (Jun Ji-hye, The Korea Times, 2018-10-09)


  3. ^ Sohn Ji-young (April 17, 2018). "Kakao's Melon app dominates Korea's music streaming service market". The Korea Herald..mw-parser-output cite.citation{font-style:inherit}.mw-parser-output .citation q{quotes:"""""""'""'"}.mw-parser-output .citation .cs1-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-limited a,.mw-parser-output .citation .cs1-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration{color:#555}.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration span{border-bottom:1px dotted;cursor:help}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Wikisource-logo.svg/12px-Wikisource-logo.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output code.cs1-code{color:inherit;background:inherit;border:inherit;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;font-size:100%}.mw-parser-output .cs1-visible-error{font-size:100%}.mw-parser-output .cs1-maint{display:none;color:#33aa33;margin-left:0.3em}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-format{font-size:95%}.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-right{padding-right:0.2em}


  4. ^ Son Ji-hyoung (June 24, 2018). "[Kosdaq Star] Genie Music garners investor attention on anticipated M&A". The Korea Herald. Retrieved November 11, 2018.


  5. ^ KT Music History


  6. ^ Blue Cord Technology History


  7. ^ Doremi Media History


  8. ^ KTF acquires Blue Cord (Nam Seung-bong, Ulsan Daily Newspaper, 2007-11-14)


  9. ^ Blue Cord changes name to KTF Music (Lee Soo-eun, NextDaily, 2008-3-28)


  10. ^ Blue Cord renames as KTF Music (Dorothy H.W. Sim, DigitalTimes, 2008-3-28)


  11. ^ KT acquires KMP Holdings "for music competitiveness" (Jung Yoon-hee, ZDNet Korea, 2012-11-2)


  12. ^ Effects of KT Music's acquisition of KMP Holdings on the "Big Three" (Choi Jung-soo, The Asia Economy Daily, 2013-3-8)


  13. ^ LG Uplus invests in KT Music... "Strengthening the competitiveness of music platform" (Shin Min-kwan, The Chosun Ilbo, 2017-3-15)


  14. ^ Song Su-hyun (March 15, 2017). "KT, LG Uplus join hands on home IoT, AI services". The Korea Herald. Retrieved January 31, 2018.


  15. ^ http://finance.daum.net/item/newsview.daum?code=099830&docid=MD20161213143504014&no=3&nil_profile=stockprice&nil_menu=b019




External links



  • Official website (in Korean)









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