cj-Big Hit to establish joint venture... Raise 'second bulletproof'

CJ ENM, the largest comprehensive media company in Korea, will establish an entertainment company in cooperation with Big Hit Entertainment, a large YG Entertainment company.The goal is to develop a global Idol group that will lead the next generation of Korean Wave by combining CJ ENMs ability to produce content, which has succeeded in audition programs such as ProDeuce101 and SuperstarK, and Big Hits star-raising system, which created World Star BTS.According to the investment banking industry on the 31st, CJ ENM and Big Hit submitted a corporate union report to the Fair Trade Commission to establish a joint entertainment company (tentative name Bilip and Belief), which owns 51% and 49% of the shares, respectively.If a company with sales of more than 300 billion won becomes a major shareholder of a joint venture, it should be reported to the FTC.The joint venture is CJ ENMs first project to become a global content company, which was newly launched in July after CJ O Shopping merged with CJ E & M.Big Hit is aiming to change the perception of the entertainment industry Big 3 structure formed by SM, JYP and YG through collaboration with CJ.The joint venture plans to produce audition programs for World, including Korea United States of America China Japan, with YG Entertainment to discover and nurture the global Idol group.The establishment of this joint venture is a long-time business based on the judgment that CJ Group, which aims to become the No. 1 global content company, will bring up the Idol group directly.As Big Hit, which plays all areas of album production such as composition, choreography, and music video, became a partner, the establishment of a joint venture was on the rise.Collaborating with Big Hit will be a new stepping stone to the leap, said a media source. The change in perception of the entertainment industry has become inevitable, he said.CJ ENM, which started in July, has thrown a winning bid to establish a joint entertainment company (tentative name Billyf) to grow into a global content company, advocating media commerce that combines content and commerce.We believe that we can lead the next generation K-pop Hallyu and create a new profit model by directly discovering and nurturing Idol beyond broadcasting program production.Big Hit Entertainment (Big Hit) is signaling a change in the market in the enter industry as it gets a powerful ally called CJ ENM.CJ Global Content No. 1 Starts Top ModelCJ ENM evaluated the joint venture with Big Hit as the first stepping stone of Top Model to become the worlds No. 1 content company.After returning to management last year, Lee Jae-hyun, chairman of CJ Group, started to create the worlds No. 1 company with the slogan World Best CJ.Big Hit, who led BTS to the top of the Billboard album chart and created a different Korean Wave, was named as a partner, which is also considered a stepping stone in the global market.The Idol group is expected to be used to connect CJ ENMs broadcasting content production capabilities to strengthening sales capabilities of home shopping.This is because there can be various synergy opportunities through indirect advertisement using stars.One example is that Wanna One member Kang Daniel, who became a star through ProDeuce101 Season 2, continued his march with a tint on his lips for a while on the air.As BTS achieved World success, its sales of Big Hit last year increased 163% year-on-year to 92.4 billion won and operating profit increased 214% to 32.5 billion won.According to the sales composition, sales of products such as music and Goods increased by 129% to 46.4 billion won, and performance revenue increased by 202% to 15.2 billion won.The revenue from the performance fee (9.3 billion won) and the revenue from the advertising model (6.2 billion won) also increased by more than 300%.BTS was recorded as Koreas biggest global hit product last year, said an enter industry official. Global Idol has unlimited direct and indirect added value created by cultural products.Next Generation K-pop Hallyu ProjectCJ ENM and Big Hit Entertainment will launch a joint venture in August to create an audition program to discover talented people hidden in World, including Korea, United States of America, China, Japan and Europe, as well as to grow into stars.It is a global expansion of the audition Idol selection program ProDeuce series.When the joint venture is launched, it will enter the program YG Entertainment and air in the first half of next year.The existing ProDeuce series was used as a stage for Idol singers or trainees of small and medium-sized agencies to show their faces.However, the joint ventures audition program focuses on finding wonseoks that do not have an agency, as it presupposes a contract with a joint venture.It is different from the existing method in that it opens up both the possibility of solo and group debut.The ProDeuce series composition, which is ranked through fans votes and the growth Kahaani of the contest process is linked to fandom, is maintained.CJ Group was a partner of a joint venture and picked up a big hit early, led by Bang Si-hyuk (pictured).Based on the solid Kahaani, Big Hits production ability to capture the growth process of its members in music is the best in the industry.If the CJ Group, which controls the broadcasting content market, is going to make Idol, there will be a change in perception in the entertainment industry, said an enter industry official.Changing Perceptions in the Enter IndustrySince the former CJ E&M aired ProDeuce101 in 2016, the ProDeuce series has been a big topic in the entertainment industry.The Idol group, which has been popular in recent years, has been divided into groups from large agencies such as SM, YG, and JYP, or from the ProDeuce series.It is said that BTS is the only exception.However, the ProDeuce series did not exceed the Meru of the project group.The members who grew up as stars through the program had to return to their existing agency after one year of contract with CJ.The group Io Ai (I.O.I), who made his name known as ProDeuce101 Season 1, was scattered and debuted as a group of ball clubs, space girls, Wikimiki and Pristin.For this reason, CJ Groups profits from them were minimal.The establishment of the joint venture is analyzed as a way to solve the Meru of the project group at once.CJ ENM plans to integrate the know-how accumulated by producing a number of audition programs such as ProDeuce series, SuperstarK, and Showtime Money.Big Hit also has the opportunity to raise corporate value because there are no other star singers other than BTS.The company value of Big Hit is estimated at about 800 billion won. Many say that the market capitalization can exceed 1 trillion won when listed.This is more than SM (870.5 billion won), JYP (772 billion won), and YG (596.5 billion won).Market Insight Fair .. Announcement of corporate combination .. Enter industry perception change CJ platform + big hit Star making .. Global contents market shake CJ ENM and big hit, joint venture entertainment company launches perception change CJs global top project broadcasting and home shopping linkage .. Using the global base as a profit model,
CJ ENM, the largest comprehensive media company in Korea, will establish an entertainment company in cooperation with Big Hit Entertainment, a large YG Entertainment company.The goal is to develop a global Idol group that will lead the next generation of Korean Wave by combining CJ ENMs ability to produce content, which has succeeded in audition programs such as ProDeuce101 and SuperstarK, and Big Hits star-raising system, which created World Star BTS.According to the investment banking industry on the 31st, CJ ENM and Big Hit submitted a corporate union report to the Fair Trade Commission to establish a joint entertainment company (tentative name Bilip and Belief), which owns 51% and 49% of the shares, respectively.If a company with sales of more than 300 billion won becomes a major shareholder of a joint venture, it should be reported to the FTC.The joint venture is CJ ENMs first project to become a global content company, which was newly launched in July after CJ O Shopping merged with CJ E & M.Big Hit is aiming to change the perception of the entertainment industry Big 3 structure formed by SM, JYP and YG through collaboration with CJ.The joint venture plans to produce audition programs for World, including Korea United States of America China Japan, with YG Entertainment to discover and nurture the global Idol group.The establishment of this joint venture is a long-time business based on the judgment that CJ Group, which aims to become the No. 1 global content company, will bring up the Idol group directly.As Big Hit, which plays all areas of album production such as composition, choreography, and music video, became a partner, the establishment of a joint venture was on the rise.Collaborating with Big Hit will be a new stepping stone to the leap, said a media source. The change in perception of the entertainment industry has become inevitable, he said.CJ ENM, which started in July, has thrown a winning bid to establish a joint entertainment company (tentative name Billyf) to grow into a global content company, advocating media commerce that combines content and commerce.We believe that we can lead the next generation K-pop Hallyu and create a new profit model by directly discovering and nurturing Idol beyond broadcasting program production.Big Hit Entertainment (Big Hit) is signaling a change in the market in the enter industry as it gets a powerful ally called CJ ENM.CJ Global Content No. 1 Starts Top ModelCJ ENM evaluated the joint venture with Big Hit as the first stepping stone of Top Model to become the worlds No. 1 content company.After returning to management last year, Lee Jae-hyun, chairman of CJ Group, started to create the worlds No. 1 company with the slogan World Best CJ.Big Hit, who led BTS to the top of the Billboard album chart and created a different Korean Wave, was named as a partner, which is also considered a stepping stone in the global market.The Idol group is expected to be used to connect CJ ENMs broadcasting content production capabilities to strengthening sales capabilities of home shopping.This is because there can be various synergy opportunities through indirect advertisement using stars.One example is that Wanna One member Kang Daniel, who became a star through ProDeuce101 Season 2, continued his march with a tint on his lips for a while on the air.As BTS achieved World success, its sales of Big Hit last year increased 163% year-on-year to 92.4 billion won and operating profit increased 214% to 32.5 billion won.According to the sales composition, sales of products such as music and Goods increased by 129% to 46.4 billion won, and performance revenue increased by 202% to 15.2 billion won.The revenue from the performance fee (9.3 billion won) and the revenue from the advertising model (6.2 billion won) also increased by more than 300%.BTS was recorded as Koreas biggest global hit product last year, said an enter industry official. Global Idol has unlimited direct and indirect added value created by cultural products.Next Generation K-pop Hallyu ProjectCJ ENM and Big Hit Entertainment will launch a joint venture in August to create an audition program to discover talented people hidden in World, including Korea, United States of America, China, Japan and Europe, as well as to grow into stars.It is a global expansion of the audition Idol selection program ProDeuce series.When the joint venture is launched, it will enter the program YG Entertainment and air in the first half of next year.The existing ProDeuce series was used as a stage for Idol singers or trainees of small and medium-sized agencies to show their faces.However, the joint ventures audition program focuses on finding wonseoks that do not have an agency, as it presupposes a contract with a joint venture.It is different from the existing method in that it opens up both the possibility of solo and group debut.The ProDeuce series composition, which is ranked through fans votes and the growth Kahaani of the contest process is linked to fandom, is maintained.CJ Group was a partner of a joint venture and picked up a big hit early, led by Bang Si-hyuk (pictured).Based on the solid Kahaani, Big Hits production ability to capture the growth process of its members in music is the best in the industry.If the CJ Group, which controls the broadcasting content market, is going to make Idol, there will be a change in perception in the entertainment industry, said an enter industry official.Changing Perceptions in the Enter IndustrySince the former CJ E&M aired ProDeuce101 in 2016, the ProDeuce series has been a big topic in the entertainment industry.The Idol group, which has been popular in recent years, has been divided into groups from large agencies such as SM, YG, and JYP, or from the ProDeuce series.It is said that BTS is the only exception.However, the ProDeuce series did not exceed the Meru of the project group.The members who grew up as stars through the program had to return to their existing agency after one year of contract with CJ.The group Io Ai (I.O.I), who made his name known as ProDeuce101 Season 1, was scattered and debuted as a group of ball clubs, space girls, Wikimiki and Pristin.For this reason, CJ Groups profits from them were minimal.The establishment of the joint venture is analyzed as a way to solve the Meru of the project group at once.CJ ENM plans to integrate the know-how accumulated by producing a number of audition programs such as ProDeuce series, SuperstarK, and Showtime Money.Big Hit also has the opportunity to raise corporate value because there are no other star singers other than BTS.The company value of Big Hit is estimated at about 800 billion won. Many say that the market capitalization can exceed 1 trillion won when listed.This is more than SM (870.5 billion won), JYP (772 billion won), and YG (596.5 billion won).Market Insight Fair .. Announcement of corporate combination .. Enter industry perception change CJ platform + big hit Star making .. Global contents market shake CJ ENM and big hit, joint venture entertainment company launches perception change CJs global top project broadcasting and home shopping linkage .. Using the global base as a profit model,
CJ ENM, the largest comprehensive media company in Korea, will establish an entertainment company in cooperation with Big Hit Entertainment, a large YG Entertainment company.The goal is to develop a global Idol group that will lead the next generation of Korean Wave by combining CJ ENMs ability to produce content, which has succeeded in audition programs such as ProDeuce101 and SuperstarK, and Big Hits star-raising system, which created World Star BTS.According to the investment banking industry on the 31st, CJ ENM and Big Hit submitted a corporate union report to the Fair Trade Commission to establish a joint entertainment company (tentative name Bilip and Belief), which owns 51% and 49% of the shares, respectively.If a company with sales of more than 300 billion won becomes a major shareholder of a joint venture, it should be reported to the FTC.The joint venture is CJ ENMs first project to become a global content company, which was newly launched in July after CJ O Shopping merged with CJ E & M.Big Hit is aiming to change the perception of the entertainment industry Big 3 structure formed by SM, JYP and YG through collaboration with CJ.The joint venture plans to produce audition programs for World, including Korea United States of America China Japan, with YG Entertainment to discover and nurture the global Idol group.The establishment of this joint venture is a long-time business based on the judgment that CJ Group, which aims to become the No. 1 global content company, will bring up the Idol group directly.As Big Hit, which plays all areas of album production such as composition, choreography, and music video, became a partner, the establishment of a joint venture was on the rise.Collaborating with Big Hit will be a new stepping stone to the leap, said a media source. The change in perception of the entertainment industry has become inevitable, he said.CJ ENM, which started in July, has thrown a winning bid to establish a joint entertainment company (tentative name Billyf) to grow into a global content company, advocating media commerce that combines content and commerce.We believe that we can lead the next generation K-pop Hallyu and create a new profit model by directly discovering and nurturing Idol beyond broadcasting program production.Big Hit Entertainment (Big Hit) is signaling a change in the market in the enter industry as it gets a powerful ally called CJ ENM.CJ Global Content No. 1 Starts Top ModelCJ ENM evaluated the joint venture with Big Hit as the first stepping stone of Top Model to become the worlds No. 1 content company.After returning to management last year, Lee Jae-hyun, chairman of CJ Group, started to create the worlds No. 1 company with the slogan World Best CJ.Big Hit, who led BTS to the top of the Billboard album chart and created a different Korean Wave, was named as a partner, which is also considered a stepping stone in the global market.The Idol group is expected to be used to connect CJ ENMs broadcasting content production capabilities to strengthening sales capabilities of home shopping.This is because there can be various synergy opportunities through indirect advertisement using stars.One example is that Wanna One member Kang Daniel, who became a star through ProDeuce101 Season 2, continued his march with a tint on his lips for a while on the air.As BTS achieved World success, its sales of Big Hit last year increased 163% year-on-year to 92.4 billion won and operating profit increased 214% to 32.5 billion won.According to the sales composition, sales of products such as music and Goods increased by 129% to 46.4 billion won, and performance revenue increased by 202% to 15.2 billion won.The revenue from the performance fee (9.3 billion won) and the revenue from the advertising model (6.2 billion won) also increased by more than 300%.BTS was recorded as Koreas biggest global hit product last year, said an enter industry official. Global Idol has unlimited direct and indirect added value created by cultural products.Next Generation K-pop Hallyu ProjectCJ ENM and Big Hit Entertainment will launch a joint venture in August to create an audition program to discover talented people hidden in World, including Korea, United States of America, China, Japan and Europe, as well as to grow into stars.It is a global expansion of the audition Idol selection program ProDeuce series.When the joint venture is launched, it will enter the program YG Entertainment and air in the first half of next year.The existing ProDeuce series was used as a stage for Idol singers or trainees of small and medium-sized agencies to show their faces.However, the joint ventures audition program focuses on finding wonseoks that do not have an agency, as it presupposes a contract with a joint venture.It is different from the existing method in that it opens up both the possibility of solo and group debut.The ProDeuce series composition, which is ranked through fans votes and the growth Kahaani of the contest process is linked to fandom, is maintained.CJ Group was a partner of a joint venture and picked up a big hit early, led by Bang Si-hyuk (pictured).Based on the solid Kahaani, Big Hits production ability to capture the growth process of its members in music is the best in the industry.If the CJ Group, which controls the broadcasting content market, is going to make Idol, there will be a change in perception in the entertainment industry, said an enter industry official.Changing Perceptions in the Enter IndustrySince the former CJ E&M aired ProDeuce101 in 2016, the ProDeuce series has been a big topic in the entertainment industry.The Idol group, which has been popular in recent years, has been divided into groups from large agencies such as SM, YG, and JYP, or from the ProDeuce series.It is said that BTS is the only exception.However, the ProDeuce series did not exceed the Meru of the project group.The members who grew up as stars through the program had to return to their existing agency after one year of contract with CJ.The group Io Ai (I.O.I), who made his name known as ProDeuce101 Season 1, was scattered and debuted as a group of ball clubs, space girls, Wikimiki and Pristin.For this reason, CJ Groups profits from them were minimal.The establishment of the joint venture is analyzed as a way to solve the Meru of the project group at once.CJ ENM plans to integrate the know-how accumulated by producing a number of audition programs such as ProDeuce series, SuperstarK, and Showtime Money.Big Hit also has the opportunity to raise corporate value because there are no other star singers other than BTS.The company value of Big Hit is estimated at about 800 billion won. Many say that the market capitalization can exceed 1 trillion won when listed.This is more than SM (870.5 billion won), JYP (772 billion won), and YG (596.5 billion won).Market Insight Fair .. Announcement of corporate combination .. Enter industry perception change CJ platform + big hit Star making .. Global contents market shake CJ ENM and big hit, joint venture entertainment company launches perception change CJs global top project broadcasting and home shopping linkage .. Using the global base as a profit model,

cj ENM, the largest comprehensive media company in Korea, will establish an entertainment company in cooperation with Big Hit Entertainment, a large YG Entertainment company. The goal is to develop a global Idol group that will lead the next generation of Korean Wave by combining cj ENM's ability to produce content, which has succeeded in audition programs such as ProDeuce101 and SuperstarK, and Big Hit's star-raising system, which created World Star BTS.

According to the investment banking industry on the 31st, cj ENM and Big Hit submitted a corporate union report to the Fair Trade Commission to establish a joint entertainment company (tentative name Bilip and Belief), which owns 51% and 49% of the shares, respectively. If a company with sales of more than 300 billion won becomes a major shareholder of a joint venture, it should be reported to the FTC.

The joint venture is cj ENM's first project to become a global content company, which was newly launched in July after cj O Shopping merged with cj E & M. Big Hit is aiming to change the perception of the entertainment industry 'Big 3' structure formed by SM, JYP and YG through collaboration with cj. The joint venture plans to produce audition programs for World, including Korea United States of America China Japan, with YG Entertainment to discover and nurture the global Idol group.

The establishment of this joint venture is a long-time business based on the judgment that cj group, which aims to become the No. 1 global content company, will "bring up the Idol group directly." As Big Hit, which plays all areas of album production such as composition, choreography, and music video, became a partner, the establishment of a joint venture was on the rise.

“Collaborating with Big Hit will be a new stepping stone to the leap,” said a media source. “The change in perception of the entertainment industry has become inevitable,” he said.

cj ENM, which started in July, has thrown a winning bid to establish a joint entertainment company (tentative name Billyf) to grow into a global content company, advocating media commerce that combines content and commerce. We believe that we can lead the next generation K-pop Hallyu and create a new profit model by directly discovering and nurturing Idol beyond broadcasting program production. Big Hit Entertainment (Big Hit) is signaling a change in the market in the enter industry as it gets a powerful ally called cj ENM.

cj ‘Global Content No. 1’ Starts Top Model

cj ENM evaluated the joint venture with Big Hit as the first stepping stone of Top Model to become the World's No. 1 content company. After returning to management last year, Lee Jae-hyun, chairman of cj group, started to create the World's No. 1 company with the slogan World Best cj. Big Hit, who led BTS to the top of the Billboard album chart and created a different Korean Wave, was named as a partner, which is also considered a stepping stone in the global market.

The Idol group is expected to be used to connect cj ENM's broadcasting content production capabilities to strengthening sales capabilities of home shopping. This is because there can be various synergy opportunities through indirect advertisement using stars. One example is that Wanna One member Kang Daniel, who became a star through ProDeuce101 Season 2, continued his march with a tint on his lips for a while on the air.

As BTS achieved World success, its sales of Big Hit last year increased 163% year-on-year to 92.4 billion won and operating profit increased 214% to 32.5 billion won. According to the sales composition, sales of products such as music and Goods increased by 129% to 46.4 billion won, and performance revenue increased by 202% to 15.2 billion won. The revenue from the performance fee (9.3 billion won) and the revenue from the advertising model (6.2 billion won) also increased by more than 300%.

BTS was recorded as Korea’s biggest global hit product last year,” said an enter industry official. “Global Idol has unlimited direct and indirect added value created by cultural products.”

Next Generation K-pop Hallyu Project

cj ENM and Big Hit Entertainment will launch a joint venture in August to create an audition program to discover talented people hidden in World, including Korea, United States of America, China, Japan and Europe, as well as to grow into stars. It is a global expansion of the audition Idol selection program 'ProDeuce' series. When the joint venture is launched, it will enter the program YG Entertainment and air in the first half of next year.

The existing ProDeuce series was used as a stage for Idol singers or trainees of small and medium-sized agencies to show their faces. However, the joint venture’s audition program focuses on finding “wonseoks” that do not have an agency, as it presupposes a contract with a joint venture. It is different from the existing method in that it opens up both the possibility of solo and group debut. The ProDeuce series composition, which is ranked through fans' votes and the 'growth Kahaani' of the contest process is linked to fandom, is maintained.

cj group was a partner of a joint venture and picked up a big hit early, led by Bang Si-hyuk (pictured). Based on the solid Kahaani, Big Hit's production ability to capture the growth process of its members in music is the best in the industry. “If the cj group, which controls the broadcasting content market, is going to make Idol, there will be a change in perception in the entertainment industry,” said an enter industry official.

Changing Perceptions in the Enter Industry

Since the former cj E&M aired ProDeuce101 in 2016, the ProDeuce series has been a big topic in the entertainment industry. The Idol group, which has been popular in recent years, has been divided into groups from large agencies such as SM, YG, and JYP, or from the ProDeuce series. It is said that BTS is the only exception.

However, the ProDeuce series did not exceed the Meru of the project group. The members who grew up as stars through the program had to return to their existing agency after one year of contract with cj. The group Io Ai (I.O.I), who made his name known as ProDeuce101 Season 1, was scattered and debuted as a group of ball clubs, space girls, Wikimiki and Pristin. For this reason, cj group's profits from them were minimal.

The establishment of the joint venture is analyzed as a way to solve the Meru of the project group at once. cj ENM plans to integrate the know-how accumulated by producing a number of audition programs such as ProDeuce series, SuperstarK, and Showtime Money. Big Hit also has the opportunity to raise corporate value because there are no other star singers other than BTS.

The company value of Big Hit is estimated at about 800 billion won. Many say that the market capitalization can exceed 1 trillion won when listed. This is more than SM (870.5 billion won), JYP (772 billion won), and YG (596.5 billion won).

Market Insight Fair .. Announcement of corporate combination .. Enter industry perception change cj 'platform' + big hit 'Star making' .. Global contents market shake cj ENM and big hit, joint venture entertainment company launches 'perception change' cj's global top project broadcasting and home shopping linkage .. Using the global base as a profit model,