In our house, there may be some people who know Kakao Talk, which is a chat application from Korea. Many years ago they Launch Kakaopage Come out andHas come to news in ThailandRecently, there was a move that the board of directors of Kakao Page Corp.and Kakao M Corp. jointly disclosed on January 25 that: They have decided to merge their businesses into a new company called KAKAO ENTERTAINMENT. Both companies held an annual general meeting of shareholders the following day. And is expected to complete the business merger on March 1, 2021.
The collaboration between Kakao Page and Kakao M will create a giant entertainment empire of South Korea. Which will generate more than 1 trillion won per year As the global entertainment industry faces stiff competition Due to the appearance of many new players in the industry This strategic merger between the two companies will help KAKAO ENTERTAINMENT Has an outstanding competitive advantage in this field It is also the first major business merger between Kakao Corp.’s subsidiary, the technology conglomerate behind South Korea’s popular messaging app Kakao Talk.
This merger of Kakao Page and Kakao M is expected to yield strong results. By combining the capabilities of both companies Both in content business and digital platforms And will be the foundation for the next stage of KAKAO ENTERTAINMENT’s growth. Through expanding operations around the world, KAKAO ENTERTAINMENT is currently Unbeatable value chain and business portfolio on hand As well as 50 affiliates and subsidiaries covering all types of the entertainment industry, Kakao Page will be tasked with improving the value chain to develop original content production. As well as a global network of platforms, while Kakao M is a specialist in music creation, television series, film and show, and is South Korea’s leading creative owner.
With that foundation, KAKAO ENTERTAINMENT Will expand investment and strategic cooperation with industry leaders. To expand its growth into a player in the global entertainment industry. The company will not only expand its business Instead, it will focus on blockbuster production in different branches of the media, which will help to attract a global audience. Along with looking for new ways to integrate the operations between existing assets at the same time.
Kakao Page said, “This merger between Kakao Page and Kakao M is a strategic partnership that will help build a competitive foundation in the global entertainment industry. By combining the business acumen and the value chain of the two companies, this time We have set out to be one of the leaders in the global entertainment industry. ”
Kakao M stated, “The decision to integrate our content expertise with the digital platform was this time. It was born to enable us to compete in a vigorously competitive global entertainment industry. Together, this partnership will enable us both to accelerate and become a global player.
