KMP Holdings (acronym for "Korean Music Power") (Hangul: KMP홀딩스) was a South Korean music distribution company. It was headquartered in

Gangnam-gu Gangnam District ( ; , ) is one of the 25 local government districts which make up the city of Seoul, South Korea. Gangnam translates to "South of the ( Han) River". Gangnam District is the third largest district in Seoul, with an area of . ...

, 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 A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especial ...

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 Stone Music Entertainment (Hangul: 스톤 뮤직 엔터테인먼트), is a South Korean music distribution company under CJ ENM, along with music streaming store Genie Music. It was one of the largest co-publisher companies in South Korea. Th ...

and

LOEN Entertainment Kakao M (; formerly Seoul Records, YBM Seoul Records and LOEN Entertainment) was a South Korean entertainment company established by Min Yeong-bin in 1978. It is currently one of the largest co-publisher companies in South Korea. The company op ...

. KT Music, the music contents arm of

KT Corporation KT Corporation (Hangul: 주식회사 케이티), formerly Korea Telecom, is a South Korean telecommunications company. KT is the second-largest wireless carrier in South Korea, with 16.493 million subscribers as of Q4 2017. The formerly fully ...

, 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 The Circle Chart Music Awards (), formerly known as the Gaon Chart Music Awards, are a major music awards ceremony that is presented annually in South Korea by the Korea Music Content Association primarily based on the commercial performance of t ...

last February 2, 2013, KMP Holdings was awarded as the "Best Music Distribution Company (Offline Music)".

Founding companies

S.M. Entertainment SM Entertainment Co., Ltd. () is a South Korean multinational entertainment agency. It is one of South Korea's largest entertainment companies where it was established in 1995 by record executive and record producer Lee Soo-man. The company ha ...

YG Entertainment YG Entertainment Inc. () is a South Korean multinational entertainment agency established in 1996 by Yang Hyun-suk. The company operates as a record label, talent agency, music production company, event management and concert production comp ...

JYP Entertainment JYP Entertainment Corporation () is a South Korean multinational entertainment and record label conglomerate founded in 1997 by J. Y. Park. It is one of the largest entertainment companies in South Korea, and operates as a record label, tale ...

Star Empire Entertainment Star Empire Entertainment (Korean:스타제국 ''Seuta Jeguk'') is a South Korean private-held entertainment company founded in 2000 by Shin Ju-hak. It is formerly home to artists like Jewelry, Nine Muses, ZE:A, V.O.S, Imfact, and Ariaz. His ...

* 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 MBK Entertainment (), was a South Korean entertainment company established by Kim Kwang-soo. The company was originally founded in 1999 as GM Planning. The company was absorbed by Mnet Media in 2006, following Kim Kwang-soo joint with CJ Group a ...

) * GraceJ *

iMBC Munhwa Broadcasting Corporation (MBC; ) is one of the leading South Korean television and radio broadcasters. ''Munhwa'' is the Sino-Korean word for "culture". Its flagship terrestrial television station MBC TV broadcasts as channel 11. ...

(for ''

Infinite Challenge ''Infinite Challenge'' (; abbreviated as ''Mudo'') is a South Korean television entertainment program, distributed and syndicated by MBC, that ran from 2005 to 2018. As of January 2013, it had the largest market share for its timeslot; with ...

'' releases) *

* Media Line * Music Factory Entertainment *

(excluding Nine Muses, whose distribution rights were then handled by

) * Trophy Entertainment (moved to

, then dissolved) *

Japanese

Avex Group is a Japanese entertainment conglomerate led by founder Max Matsuura and headquartered in Tokyo, Japan. Founded in 1988, the company manages J-pop talents like Ayumi Hamasaki and internet sensation PikoTaro. It has also shifted into other busi ...

Johnny & Associates is a Japanese talent agency, formed by Johnny Kitagawa in 1962, which trains and promotes groups of male entertainers known as . History 1962–1989 In 1962, Kitagawa launched his first group, Johnnys. In its early days, Kitagawa's agency re ...

References

External links

* (via

Tistory Tistory is a South Korean blog- publishing service that allows private or multi-user blogs. It was first started by 'Tatter and Company', a blogging platform developing company that developed the software 'Tattertools', with Daum Communication ...

) {{DEFAULTSORT:KMP Holdings Genie Music Defunct record labels of South Korea Record labels established in 2010 Record labels disestablished in 2012 Record label distributors