RBW Acquires WM Entertainment
WM Entertainment has become a label of RBW Entertainment.
On April 7, RBW announced, “We are acquiring WM Entertainment, the agency of groups Oh My Girl, B1A4, and ONF.”
RBW completed a SPA (sales and purchase agreement) with WM Entertainment’s largest shareholder on March 31, acquiring 70 percent of WM Entertainment’s shares and bringing in the company as a subsidiary.
The two companies will now work on creating synergy through close cooperation. .
RBW is home to artists including MAMAMOO, ONEUS, ONEWE, and PURPLE KISS, while WM Entertainment houses artists such as Oh My Girl, B1A4, ONF, and IZ*ONE’s Lee Chae Yeon.
RBW’s CEO Kim Jin Woo commented, “WM Entertainment is a company that has grown quickly in the entertainment industry in Korea and internationally through their capabilities in discover and training artists. As each company has accumulated different know-hows, we will display new synergy while working together. Developing strategic business based on content IP (intellectual property), we will work to lead K-content culture across the world beyond Korea.”
With this acquisition, WM Entertainment will operate as an independent label of RBW and maintain their current management.