From Wikipedia, the free encyclopedia
South Korean music publishing company
Kreation Music Rights
is a South Korean music publishing company and a subsidiary of
SM Entertainment
. It was launched in 2023 as part of the company's
SM 3.0
strategy. As of April 2024, KMR has recruited around 100 songwriters, making it the largest company of its kind in the
K-pop
industry.
[1]
History
[
edit
]
In August 2023,
SM Entertainment
CEO Jang Cheol-hyuk announced plans during an investor presentation to launch a new music publishing company called Kreation Music Rights (KMR), as part of the
SM 3.0
strategy. SM converted the existing SM Friends subsidiary into a music publishing label to support SM's newly established multi-production center system, providing a wider pool of songs for artists. It was also intended to provide an additional revenue stream for the company, enabling the internalization of royalties and music sales to other companies.
[2]
KMR was launched in September 2023,
[3]
with investment of 27.1 billion won.
[4]
Lee Sung-soo
, SM's chief
A&R
officer and longtime head of production, was appointed CEO.
[5]
KMR established a European office in
Stockholm
in December 2023. Writers signed to the company include Norwegian songwriting team
Dsign Music
, responsible for songs such as
Girls' Generation
's "
Genie
",
NCT Dream
's "ISTJ" and
Taemin
's "Want", and Sweden-based duo Sunshine, responsible for
Red Velvet
's "
Psycho
" and
Aespa
's "
Spicy
". KMR also acquired the South Korean production teams MonoTree and The Hub, joining the
Kangta
-led Smash Hit as CICs (company-in-company). It has plans to establish a North American subsidiary and form additional partnerships with local companies.
[6]
[7]
KMR attracted controversy over its acquisition of The Hub and entertainment company 10x Entertainment, with allegations that it overpaid for the two companies. SM refuted this, explaining that The Hub showed rapid sales growth and 10x was part of its plan to establish a label.
[8]
In March 2024, KMR launched the production label Kustomade, representing former
Stray Kids
member
Kim Woo-jin
and Yelo, a member of MonoTree.
[9]
[10]
It signed a business agreement with the
Dong-ah Institute of Media and Arts
to foster new talent in the field of K-pop production.
[11]
Labels
[
edit
]
Company-in-company
Production labels
References
[
edit
]
- ^
a
b
Ko, Seung-hee (April 4, 2024).
이성수 SM CAO "'鏃이 왔다'는 말 警戒... K-팝 엔진 役割할 것" [인터뷰] [K-컬처 위닝스토리]
[Lee Sung-soo, SM CAO "Beware of saying 'I've got a feeling'... It will serve as a K-pop engine" [Interview] [K-Culture Winning Story]].
Herald Economy
(in Korean)
. Retrieved
April 7,
2024
– via
Naver
.
- ^
Dalugdug, Mandy (August 10, 2023).
"SM Entertainment to Launch Music Publishing Subsidiary, Kreation Music Rights"
.
Music Business Worldwide
.
Archived
from the original on February 12, 2024
. Retrieved
April 5,
2024
.
- ^
a
b
c
d
Dalugdug, Mandy (March 11, 2024).
"SM Entertainment Beefs Up Publishing Arm Kreation Music Rights With New Signings, Acquisitions"
.
Music Business Worldwide
.
Archived
from the original on March 11, 2024
. Retrieved
April 7,
2024
.
- ^
Lee, Ji-hye (August 22, 2023).
이성수, A&R經歷 앞세워 音樂 퍼블리싱 子會社 指揮
[Lee Sung-soo, with his A&R experience, leads a music publishing subsidiary].
The Bell
(in Korean)
. Retrieved
August 22,
2023
.
- ^
Lee, Ji-hye (August 7, 2023).
이성수 前 代表, SM엔터 音樂 子會社 '代表'로 復歸
[Former CEO Lee Sung-soo returns as CEO to SM Entertainment's music subsidiary].
The Bell
(in Korean).
Archived
from the original on April 9, 2024
. Retrieved
April 30,
2024
.
- ^
Kim, Ju-yeon (February 16, 2024).
"SM Entertainment scouting global producers and songwriters through subsidiary KMR"
.
Korea JoongAng Daily
.
Archived
from the original on March 25, 2024
. Retrieved
April 7,
2024
.
- ^
Robinson, Kristin (March 8, 2024).
"SM Entertainment Plans to Push Publishing Business Into North America, Europe"
.
Billboard
.
Archived
from the original on April 8, 2024
. Retrieved
April 7,
2024
.
- ^
Lee, Ji-hye (February 19, 2024).
KMR, 音樂 퍼블리싱+레이블까지 '存在感 浮刻'
[KMR, music publishing + label 'highlights presence'].
The Bell
(in Korean)
. Retrieved
April 30,
2024
.
- ^
a
b
Kim, Ju-yeon (March 25, 2024).
"Former Stray Kids member Kim Woo-jin to drop new music under Kustomade label"
.
Korea JoongAng Daily
.
Archived
from the original on March 25, 2024
. Retrieved
April 30,
2024
.
- ^
Choi, Jae-seo (March 18, 2024).
SM 子會社, 프로듀싱 레이블 '커스터메이드' 出帆
[SM subsidiary launches production label 'Kustomade'].
Yonhap News Agency
(in Korean)
. Retrieved
April 30,
2024
– via
Naver
.
- ^
Kang, Yeo-ul (March 12, 2024).
東亞방송藝術隊-KMR, K-pop 新人 作家 發掘 爲한 業務協約 締結
[Dong-ah Institute of Media and Arts and KMR sign business agreement to discover new K-pop artists].
Chosun Edu
(in Korean)
. Retrieved
April 30,
2024
.
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