Plan A Entertainment And FAVE Entertainment Merge Under Kakao M
On February 13, Kakao M officially announced the merger of Plan A Entertainment and FAVE Entertainment.
Plan A currently houses various artists including Apink, Huh Gak, and VICTON. FAVE Entertainment manages artists such as Im Jin Min, who recently gained attention for appearing in SBS’s “The Fan,” 1THE9‘s Jeon Doyum, Jung Jinsung, Lee Seunghwan, and upcoming girl group tentatively named FAVE Girls.
Kakao M commented, “While in the process of re-establishing our plans [to ensure] the growth of our music production business following the launch of the new Kakao M, we decided to merge Plan A and FAVE in order to promote long-term growth.”
They continued, “Through this merger, we expect that combining the core competencies of each company will eventually strengthen our competitive advantage.”
Kakao M also shared detailed information regarding their plans to advance their competitive advantage. The company explained, “With the support of our R&C department and others, we hope to utilize the competencies of both companies to intensify our production system’s competitive advantage and diversify our artist portfolio.”
They concluded, “Ultimately, we hope to grow into a music label that people have faith in for producing music they can listen to with trust and creating K-pop artists that will receive love from global music markets.”