Big news from two entertainment giants in South Korea and Thailand shook the Internet, as YG Entertainment and GMM Grammy have announced a joint venture under the name YGMM with the value of registered capital about 200 million Baht. The company will be focusing on entertainment businesses and consultation for concerts, theaters, and acting.
YG Entertainment is widely known for being one of Big 3 in entertainment industry of South Korea, alongside SM Entertainment and JYP Entertainment. The label is home of K-Pop stars like TREASURE, iKON, and BLACKPINK—the last of whom is an internationally successful girl group joined by Thai idol Lalisa Manoban aka Lisa. Meanwhile, GMM Grammy is one of the longest-running mainstream entertainment company in Thailand that owns a number of music labels together with TV and film productions.
GMM Grammy is set to hold 51% of the company share,…
