On the 27th, SM Entertainment (hereinafter referred to as SM) announced that the North American joint venture of SM and Kakao Entertainment (hereinafter referred to as Kakao Entertainment) has acquired the US music label Gamma. and the UK music label MUSIC.
The company announced that it has signed a strategic partnership with the boy group "dearALICE" for their global debut and future activities.
We plan to continue to cooperate in various ways with the global activities of "dearALICE", and as a starting point, we will release the official debut single of "dearALICE" globally at the end of this year.
Recently, SM's Chief Global Business Officer Choi Jeong-min, Kakao Entertainment's co-president Jang Yoon-Ju, and SM-Kakao Entertainment North American integration executive Kevin Nishimura held a press conference.
Russ Lindsay, COO and co-founder of Moon&Back Media, said,
Cook, the UK and Europe representative, met in Los Angeles to sign the partnership agreement.
Noon (Blaise Noon), Dexter Greenwood, James
Sharp (James Sharp), Oliver Quinn, Reese
All members of "dearALICE", including Reese Carter, were also in attendance. Through this partnership, "dearALICE" will be able to reach all over the world.
They agreed to do their utmost to develop diverse musical activities on stage and grow as global artists.
SM, Kakao Entertainment and gamma. are involved in the production, release and distribution of dearALICE's debut album.
The two companies will work together to carry out a comprehensive debut promotion, including distribution, marketing, and brand partnerships, across the globe, including North America, Europe, and Asia.
Even after their debut, they plan to continue to cooperate in various ways to help dearALICE grow. gamma. will join Apple in 2023.
Music Creative Director former member Larry Jackson and Interscope CFO former member Ike
It is a music label and media company that you co-founded with Usher, Snoop Dogg, and hip-hop labels.
They have partnered with global superstars such as Death Row Records, Rick Ross, and Sexy Red. Larry Jackson of gamma.
The CEO said, "By partnering with SM and Kakao Entertainment through 'dearALICE,' gamma. has been able to learn a lot from Korean music and culture, which we have been interested in for a long time.
Although Gamma., SM, and Kakao Entertainment have different backgrounds, they share ideas and have formed a creative bond.
"I'm very happy to be working with SM and Kakao Entertainment, who have been leading the project. Please look forward to lots of new news about 'dearALICE' in 2025."
SM co-CEO Jang Cheol-hyuk said, "Dear ALICE is one of SM's global IP expansion projects, and is a joint venture with Kakao Entertainment in North America and a joint venture with British Entertainment.
Following our successful launch of Team with entertainment company Moon&Back Media, we are pleased to enter into a strategic partnership with Gamma.
Through our partnership with gamma., which has outstanding global music business capabilities, ‘dearALICE’ will be available in North America, Europe and the global music market.
"dearALICE" will be appearing in the six-part TV series "Made
in Korea: The K-Pop Experience" will be broadcast on the British public broadcaster BBC One in the primetime weekend evening slot, and the UK's ITV Studios will be broadcasting the show internationally.
In particular, the OST (original soundtrack) of the TV series, which was recently released, was ranked #1 in the UK official soundtrack album in the first week of its release.
DearALICE, which has been proving to be a huge hit and has been receiving high expectations even before its official debut, is a label with outstanding music business know-how and unique sensibilities.
Expectations are building for not only their first official debut single with gamma., but also the music and diverse activities they will perform in the future.
2024/11/27 09:50 KST
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