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sacheol-21stC

[INFO][soompi] CJ E&M In Talks To Become Major Shareholder Of Pledis Entertainment

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[soompi] CJ E&M In Talks To Become Major Shareholder Of Pledis Entertainment

CJ-EM-Pledis.jpg

CJ ENM (formerly CJ E&M) is in talks to acquire shares of Pledis Entertainment.

On June 12, industry representatives reported that CJ ENM is in discussion with Pledis Entertainment to acquire 51% of their shares.

In response, a source from CJ ENM commented, “It is true that we are working on and discussing to acquire shares of Pledis Entertainment,” and added, “However, details are still being discussed.”

Founded in 2007 by Han Sung Soo, Pledis Entertainment houses artists including After School, NU’EST, SEVENTEEN, PRISTIN, and Han Dong Geun.

CJ ENM is a major corporation that has divisions for television, film, music, conventions, performing arts, animation, and media solutions. It owns television channels including tvN, Mnet, and OCN and is a major shareholder of agencies including Jellyfish Entertainment, MMO Entertainment, AOMG, and more.

Source (1) (2)

CR: soompi

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1 hour ago, ImAOnce3513 (사나) <3 <3 said:

Maybe both companies will form a new girl group or maybe merge their companies into one

CJ ENM's music arm Stone Music Entertainment has groups Fromis_9, Wanna One, SG Wannabe, Davichi, IN2IT etc co-managed under them., and likely the winning girl group from Produce 48 (since Mnet is owned by them).

Pledis Entertainment might become a subsidiary of CJ ENM.

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