INFINITE’s company is merging with SM Entertainment.
The SM Entertainment group has revealed on the 9th that they merged with INFINITE’s company, Woollim Entertainment.
The SM Entertainment group stated : “Global music companies like Universal Music Group, Warner Music Group, Sony Music Group etc secure various artists and manage couple of other labels so, in order to take a leap and become the representative music group in Asia, we’re pushing ahead in earnest with the label business.”
As a start, SM Entertainment’s subsidiary SM C&C has merged with the company INFINITE, NELL and Tasty are attached to, Woollim Entertainment, and is going to manage ‘Woollim Label’. SM Entertainment will be in charge of the music distribution globally as well as additional business.
An SM Entertainment representative explained “From now on, Woollim Label will take their independent musical color and produce different musicians and artists” and added “If the Woollim Label artists’ level of awareness and competitiveness is grafted onto our company’s buisness ability, we expect the SM group’s sales and profits to grow considerably.”
The netizens who heard the news about INFINITE’s company merging with SM reacted by saying “INFINITE’s company is merging with SM, this is so sudden I got totally surprised” “INFINITE’s company is merging with SM, I hope they’ll keep their musical color” “INFINITE’s company is merging with SM, will merging really be a good thing?”, showing their different responses.