 | |
Native name | 스톤 뮤직 엔터테인먼트 |
|---|---|
| Formerly | Mediopia Mnet Media CJ E&M Music |
| Company type | Subsidiary |
| Industry | |
| Predecessor |
|
| Founded |
|
| Defunct | April 20, 2021 (music production and management)[1] |
| Successor | Wake One |
| Headquarters | , South Korea |
Key people | Jung Hyung-jin (CEO) |
| Services |
|
| Parent | CJ ENM |
| Website | http://stonemusicent.net (archived Fri, 09 Feb 2018 06:30:54 +0000) |
Stone Music Entertainment (Hangul: 스톤 뮤직 엔터테인먼트) is a South Korean music distribution company underCJ ENM, as part of a partnership with the music streaming storeGenie Music since 2021.[2] It was one of the largest co-publisher companies in South Korea.
The company was also formerly a music production and management company, which managed artists such asSG Wannabe,Davichi,Roy Kim,Son Ho-young,Eric Nam,Fromis 9, HEDY, andTO1, before the business closed in April 2021.
Under its previous nameCJ E&M Music, it was namedMusic Distributor of the Year at theGaon Chart K-Pop Awards in 2014.[3]
The company was originally established asMediopia in May 1993 and later renamed toMediopia Technology Co., Ltd in June 1994, as a manufacturer and distributor of electronic devices.
In January 2002, the company was listed onKOSDAQ.
In August 2004, Maekyung Hudson was incorporated as a subsidiary.
In July 2006, their largest shareholder changed from Poibos Co., Ltd. to CJ Corporation and was incorporated as an affiliate of CJ Corporation. The company later became a part of CJ Media Co., Ltd.
In September 2006, the company was later established again asMnet Media, following the merger with GM Agency, MaxMP3, and ID Icheon Entertainment.
In January 2007, the company established the entertainment companyCore Contents Media, then headed by producer Kim Kwang-soo.
In May 2007, CJ Music was merged into Mnet Media, which operated in the music distribution and broadcasting businesses.
In January 2011, Mnet Media was merged into CJ E&M and renamed asCJ E&M Music. Following the merger, the company was revoked from the KOSDAQ listing in March 2011.
In December 2013, CJ E&M Music acquired 19% ofJellyfish Entertainment's shares to form a partnership.
In March 2014, the CJ E&M label system was introduced withJellyfish Entertainment,The Music Works,MMO Entertainment, and 1877 Entertainment joining the system.[4]
In April 2014, CJ E&M Music launched a joint venture with Japan'sVictor Entertainment, which was calledCJ Victor Entertainment.[5]
In September 2015, CJ E&M Music acquiredB2M Entertainment.[6]
In October 2015, CJ E&M Music signed a strategic partnership deal with the hip-hop labelHi-Lite Records.[7]
In January 2016, CJ E&M Music signed a strategic partnership deal with hip hop labelAOMG.[8]
In 2017, CJ E&M Music established a new label namedStone Music Entertainment. The label began producing music for artists under CJ E&M Music, such asWanna One,Davichi, andJBJ, and managedIdol School's winning group,Fromis 9.
In August 2017, CJ E&M Music established theHigh Up Entertainment joint venture with the production teamBlack Eyed Pilseung.[9]In the same month, CJ E&M acquired an additional 32% ofJellyfish Entertainment's shares, beyond the 19% of the label's shares previously acquired in 2013, effectively becoming the label's largest shareholder, with a total stake of 51%.[10]
In November 2017, CJ E&M Music acquiredAmoeba Culture.[11]
In April 2018, Stone Music Entertainment was officially registered and CJ E&M later merged into Stone Music Entertainment in May 2018.
In June 2018, Stone Music Entertainment established the exclusive labelSwing Entertainment for managingWanna One since the latter ended their contract with YMC Entertainment, with Shin Dong-il (who is the former manager under YMC Entertainment) as the label head.
In August 2018, CJ E&M sold its 51% stake in High Up Entertainment back to Black Eyed Pilseung, making the former an independent company.
In September 2018, Stone Music Entertainment established the exclusive labelOff The Record Entertainment for managing theProduce 48 winners,Iz*One, andIdol School winnersFromis 9.[12]
In October 2018,Genie Music acquired distribution rights to Stone Music Entertainment's releases in digital format after it merged with the latter's sister company, CJ Digital Music. The two companies will still release physical albums separately.[13]
On January 31, 2019, Stone Music Entertainment confirmed the establishment of an exclusive label,LM Entertainment for managingKang Daniel andYoon Ji-sung since February 1, following the ending of their contract with MMO Entertainment. The label is headed by Shin Dong-il, who also headed their former label Swing Entertainment during the time in whichWanna One was active.[14]
On April 20, 2021, Sport Kyunghang announced that CJ ENM applied to close Stone Music Entertainment from April 8. According to the news, CJ ENM stated that they are “working on reorganizing its sub-labels for efficiency.”[15]
In May 2021, CJ ENM integrated their music label Stone Music, One Effect, Studio Blue, and Off Record with the launch of a new music label,Wake One Entertainment. The first artistTO1 were confirmed to be managed under the new label.[16]
Labels and Investments[17]
| Distribution[18]
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CJ E&M Music (then Mnet Media) was one of the 15 companies fined and sued by theKorean FTC forprice rigging in 2011.[22]
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