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{{Short description|South Korean company}}
{{Distinguish|Genie Records}}


{{More citations needed|date=August 2021}}
{{Infobox company
{{Infobox company
| name = Genie Music Corporation
| name = Genie Music Corporation
Line 12: Line 15:
| foundation = February 7, 1991
| foundation = February 7, 1991
| founder =
| founder =
| location_city = Yeongdong-daero 106-gil 17, [[Samseong-dong]], [[Gangnam District|Gangnam-gu]], [[Seoul]]
| location_city = 6th - 8th floors [[Lotte Hotels & Resorts#Properties|L7 Hotels]] Gangnam Tower, 415 [[Teheran-ro]], [[Samseong-dong]], [[Gangnam District|Gangnam-gu]], [[Seoul]]
| location_country = [[South Korea]]
| location_country = [[South Korea]]
| origins =
| origins =
| key_people = Kim Hoon-bae ([[chief executive officer|CEO]])<ref>[https://www.zdnet.co.kr/news/news_view.asp?artice_id=20170623170640 Genie Music appoints Kim Hoon-bae as new CEO] (Park Soo-hyeong, ZDNet Korea, 2017-6-23)</ref>
| key_people = Kim Hoon-bae ([[chief executive officer|CEO]])<ref>[https://www.zdnet.co.kr/news/news_view.asp?artice_id=20170623170640 Genie Music appoints Kim Hoon-bae as new CEO] {{Webarchive|url=https://web.archive.org/web/20170623120553/https://www.zdnet.co.kr/news/news_view.asp?artice_id=20170623170640 |date=2017-06-23 }} (Park Soo-hyeong, ZDNet Korea, 2017-6-23)</ref>
| area_served = worldwide
| area_served = worldwide
| industry = [[Content industry|contents]] ([[music industry|music]])
| industry = [[Content industry|contents]] ([[music industry|music]])
Line 27: Line 30:
| divisions =
| divisions =
| subsid =
| subsid =
| owner = [[KT Corporation|KT StudioGenie]]: 35.97%<ref name="koreatimes">[https://www.koreatimes.co.kr/www/tech/2018/10/133_256703.html Genie Music poses threat to Melon by acquiring CJ Digital Music] {{Webarchive|url=https://web.archive.org/web/20181023200200/https://www.koreatimes.co.kr/www/tech/2018/10/133_256703.html |date=2018-10-23 }} (Jun Ji-hye, [[The Korea Times]], 2018-10-09)</ref><ref>{{cite web|url=https://www.nbntv.co.kr/news/articleView.html?idxno=982752|title=[특징주] 지니뮤직, '우영우' 훈풍에 주가 움직인다 'KT스튜디오지니 자회사'|trans-title=[Features] Genie Music, 'Woo Young-Woo' stock price moves on warm wind 'KT StudioGenie subsidiary'|lang=ko|date=July 15, 2022|accessdate=July 15, 2022|first=Kim|last=Ha-neul|website=NBN TV|archive-date=July 15, 2022|archive-url=https://web.archive.org/web/20220715014454/https://www.nbntv.co.kr/news/articleView.html?idxno=982752|url-status=live}}</ref><br>[[CJ ENM]]: 15.35%<br>[[LG Uplus|LG U+]]: 12.70%
| owner = [[KT Corporation]] (42.49%)<br>[[LG Uplus]] (15%)<br>[[S.M. Entertainment|SM]]-[[YG Entertainment|YG]]-[[JYP Entertainment|JYP]] Consortium (7.12%)<ref name="GenieMusic">[http://biz.chosun.com/site/data/html_dir/2017/03/15/2017031502746.html LG Uplus invests in KT Music... "Strengthening the competitiveness of music platform"] (Shin Min-kwan, [[The Chosun Ilbo]], 2017-3-15)</ref><ref>[http://gaonchart.co.kr/main/section/article/view.gaon?idx=6317&sgenre=issue Seven companies - including SM, YG, JYP - become KT Music stakeholders] (Cho Seung-hoon, [[Gaon Music Chart]], 2014-1-24)</ref><ref>[http://biz.chosun.com/site/data/html_dir/2014/01/23/2014012303676.html?Dep0=twitter KT Music CB conversion completed: SM, YG, JYP are major shareholders] (Park Won-ik, [[The Chosun Ilbo]], 2014-1-23)</ref>
| slogan = ''Feel the Music @(at) Everywhere''
| homepage = {{URL|http://www.geniemusic.co.kr/|GENIEMUSIC.co.kr/}}
| homepage = {{URL|http://www.geniemusic.co.kr/|GENIEMUSIC.co.kr/}}
| dissolved =
| dissolved =
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}}
}}


'''Genie Music''' ({{Korean|지니뮤직}}), a subsidiary of [[KT Corporation]], is a South Korean company that specializes in the production and distribution of music content. Its music streaming service is the second most used in South Korea with 2.5 million subscribers as of June 2018.<ref>{{cite news |author1=Sohn Ji-young |title=Kakao's Melon app dominates Korea's music streaming service market |url=http://www.koreaherald.com/view.php?ud=20180417000665 |work=[[The Korea Herald]] |date=April 17, 2018 |access-date=November 11, 2018 |archive-date=August 6, 2018 |archive-url=https://web.archive.org/web/20180806033428/http://www.koreaherald.com/view.php?ud=20180417000665 |url-status=live }}</ref><ref>{{cite news |author1=Son Ji-hyoung |title=[Kosdaq Star] Genie Music garners investor attention on anticipated M&A |url=http://www.koreaherald.com/view.php?ud=20180624000199 |access-date=November 11, 2018 |work=[[The Korea Herald]] |date=June 24, 2018 |archive-date=November 10, 2018 |archive-url=https://web.archive.org/web/20181110114139/http://www.koreaherald.com/view.php?ud=20180624000199 |url-status=live }}</ref>
'''Genie Music''' (stylized as '''GENIE MUSIC''', [[Hangul]]: 지니뮤직), a subsidiary of [[KT Corporation]], is a [[South Korea]]n company that specializes in the production and distribution of music content.


==History==
==History==


The company's history can be traced from the music contents division of [[Blue Cord Technology]], established in 1991. The same division then owned ''Muz'' (now ''Olleh Music''), one of the major music portals in the country. The division was also strengthened by the acquisition of Doremi Media (one of South Korea's well-known music publishers) in 2000.
The company's history can be traced from the music contents division of Blue Cord Technology, established in 1991. The same division then owned ''Muz'' (now ''Olleh Music''), one of the major music portals in the country. The division was also strengthened by the acquisition of Doremi Media (one of South Korea's well-known music publishers) in 2000.


In 2007, Blue Cord was acquired by [[KTF|KT Freetel]], and upon merging with the former, made the music division a separate company named ''KTF Music''. In 2009, the company was renamed as ''KT Music'' due to the merger of KTF and its parent [[KT Corporation]].
In 2007, Blue Cord was acquired by [[KTF|KT Freetel]], and upon merging with the former, made the music division a separate company named ''KTF Music''. In 2009, the company was renamed as ''KT Music'' due to the merger of KTF and its parent [[KT Corporation]].


It acquired [[KMP Holdings]] in 2012.<ref>[http://www.ktmusic.co.kr/company/history.html KT Music History]</ref><ref>[http://www.bluecord.co.kr/inc_html/index.html?sub=1&s_code=1 Blue Cord Technology History]</ref><ref>[http://www.drmcd.com/sub_07/sub07_03.htm Doremi Media History]</ref><ref>[http://www.iusm.co.kr/news/articleView.html?idxno=406886 KTF acquires Blue Cord] (Nam Seung-bong, Ulsan Daily Newspaper, 2007-11-14)</ref><ref>[http://www.nextdaily.co.kr/news/article.html?id=20080328800091&m=1 Blue Cord changes name to KTF Music] (Lee Soo-eun, NextDaily, 2008-3-28)</ref><ref>[http://www.dt.co.kr/contents.html?article_no=2008032802010531727002 Blue Cord renames as KTF Music] (Dorothy H.W. Sim, DigitalTimes, 2008-3-28)</ref><ref>[http://www.zdnet.co.kr/news/news_view.asp?artice_id=20121102085832 KT acquires KMP Holdings "for music competitiveness"] (Jung Yoon-hee, ZDNet Korea, 2012-11-2)</ref><ref>[http://www.asiae.co.kr/news/view.htm?idxno=2013030810062912577 Effects of KT Music's acquisition of KMP Holdings on the "Big Three"] (Choi Jung-soo, The Asia Economy Daily, 2013-3-8)</ref>
It acquired [[KMP Holdings]] in 2012.<ref>{{Cite web |url=http://www.ktmusic.co.kr/company/history.html |title=KT Music History |access-date=2015-11-23 |archive-date=2016-12-28 |archive-url=https://web.archive.org/web/20161228032313/http://www.ktmusic.co.kr/company/history.html |url-status=live }}</ref><ref>{{Cite web |url=http://www.bluecord.co.kr/inc_html/index.html?sub=1&s_code=1 |title=Blue Cord Technology History |access-date=2015-11-23 |archive-date=2017-08-27 |archive-url=https://web.archive.org/web/20170827170910/http://www.bluecord.co.kr/inc_html/index.html?sub=1&s_code=1 |url-status=dead }}</ref><ref>{{Cite web |url=http://www.drmcd.com/sub_07/sub07_03.htm |title=Doremi Media History |access-date=2015-11-23 |archive-url=https://web.archive.org/web/20150814043902/http://www.drmcd.com/sub_07/sub07_03.htm |archive-date=2015-08-14 |url-status=dead }}</ref><ref>[http://www.iusm.co.kr/news/articleView.html?idxno=406886 KTF acquires Blue Cord] {{Webarchive|url=https://web.archive.org/web/20170827173750/http://www.iusm.co.kr/news/articleView.html?idxno=406886 |date=2017-08-27 }} (Nam Seung-bong, Ulsan Daily Newspaper, 2007-11-14)</ref><ref>[http://www.nextdaily.co.kr/news/article.html?id=20080328800091&m=1 Blue Cord changes name to KTF Music] {{Webarchive|url=https://web.archive.org/web/20170827173629/http://www.nextdaily.co.kr/news/article.html?id=20080328800091&m=1 |date=2017-08-27 }} (Lee Soo-eun, NextDaily, 2008-3-28)</ref><ref>[http://www.dt.co.kr/contents.html?article_no=2008032802010531727002 Blue Cord renames as KTF Music] {{Webarchive|url=https://web.archive.org/web/20170827180544/http://www.dt.co.kr/contents.html?article_no=2008032802010531727002 |date=2017-08-27 }} (Dorothy H.W. Sim, DigitalTimes, 2008-3-28)</ref><ref>[http://www.zdnet.co.kr/news/news_view.asp?artice_id=20121102085832 KT acquires KMP Holdings "for music competitiveness"] {{Webarchive|url=https://web.archive.org/web/20180614194419/http://www.zdnet.co.kr/news/news_view.asp?artice_id=20121102085832 |date=2018-06-14 }} (Jung Yoon-hee, ZDNet Korea, 2012-11-2)</ref><ref>[http://www.asiae.co.kr/news/view.htm?idxno=2013030810062912577 Effects of KT Music's acquisition of KMP Holdings on the "Big Three"] {{Webarchive|url=https://web.archive.org/web/20170827171827/http://www.asiae.co.kr/news/view.htm?idxno=2013030810062912577 |date=2017-08-27 }} (Choi Jung-soo, The Asia Economy Daily, 2013-3-8)</ref>


Following the investment of [[LG Uplus]], the company changed its name to Genie Music in March 2017.<ref name="GenieMusic">[http://biz.chosun.com/site/data/html_dir/2017/03/15/2017031502746.html LG Uplus invests in KT Music... "Strengthening the competitiveness of music platform"] {{Webarchive|url=https://web.archive.org/web/20170809213030/http://biz.chosun.com/site/data/html_dir/2017/03/15/2017031502746.html |date=2017-08-09 }} (Shin Min-kwan, [[The Chosun Ilbo]], 2017-3-15)</ref><ref>{{cite web|author1=Song Su-hyun|title=KT, LG Uplus join hands on home IoT, AI services|url=http://www.koreaherald.com/view.php?ud=20170315000917|website=[[The Korea Herald]]|access-date=January 31, 2018|date=March 15, 2017|archive-date=January 31, 2018|archive-url=https://web.archive.org/web/20180131200648/http://www.koreaherald.com/view.php?ud=20170315000917|url-status=live}}</ref>
Following the investment of [[LG Uplus]],<ref name="GenieMusic" /> the company changed its name to Genie Music on March 2017.<ref>[http://news.naver.com/main/read.nhn?mode=LSD&mid=sec&sid1=105&oid=011&aid=0003004891 LG Uplus-strengthened KT Music becomes "Genie Music"] (Kwang Yong-min, [[Seoul Economic Daily]] via [[Naver]] News, 2017-3-31)</ref>

In October 2018, Genie Music and [[CJ ENM]]'s CJ Digital Music merged, with Genie Music being the surviving entity and CJ ENM being the former's second largest shareholder with 15.35%.<ref name="koreatimes" />


==Assets==
==Assets==
* [http://www.genie.co.kr/ ''Genie''] (online music service)
* [http://www.genie.co.kr/ ''Genie''] (online music service)
* [http://shop.genie.co.kr/main ''Shop&Genie''] (online shopping portal)
* [http://shop.genie.co.kr/main ''Shop&Genie''] {{Webarchive|url=https://web.archive.org/web/20151124044020/http://shop.genie.co.kr/main |date=2015-11-24 }} (music service for stores and other businesses)


==Distribution Network==
==Distribution Network==

===Present===
===Present===
====Domestic====
⚫
* [[S.M. Entertainment]]
* [[YG Entertainment]]
* 143 Entertainment
* [[JYP Entertainment]]
* Biscuit Entertainment
* GBK Entertainment
* KQ Entertainment
* MODHAUS
* Vine Entertainment
* [[Star Empire Entertainment]]
* [[Star Empire Entertainment]]
* [[Signal Entertainment Group]]<ref>{{Cite web |url=http://finance.daum.net/item/newsview.daum?code=099830&docid=MD20161213143504014&no=3&nil_profile=stockprice&nil_menu=b019 |title=Daum 원하시는 페이지를 찾을 수가 없습니다 |access-date=2018-08-06 |archive-date=2018-08-06 |archive-url=https://web.archive.org/web/20180806145829/http://finance.daum.net/item/newsview.daum?code=099830&docid=MD20161213143504014&no=3&nil_profile=stockprice&nil_menu=b019 |url-status=live }}</ref>
* [[Baljunso]] (2014–present)
* [[Stone Music Entertainment]] (digital format only; 2018–present)
* The Music Works (2016–present)
** [[WakeOne]]
** [[Hi-Lite Records]]
** [[AOMG]] (with [[Kakao Entertainment]])
** [[Amoeba Culture]]
** Off The Record Entertainment
** LM Entertainment
⚫
* [[Happy Face Entertainment]] (with [[Kakao Entertainment]])
** HF Music Company
** Dreamcatcher Company
** D1CE Company
*Music Factory Entertainment
** MTN ENTERTAINMENT (with [[Kakao Entertainment]])

====Foreign====
**[[King Records (Japan)|King Records]] 'You be Cool' division ([[AKB48]])
*ShowBT Entertainment Philippines Corp (2020–present)
**[[SB19]]


===Former===
===Former===
====Domestic====
⚫
* [[Happy Face Entertainment]] (moved to [[CJ E&M]], [[LOEN Entertainment]] and [[Universal Music]])
* Astory Entertainment (2017–2019, now with [[NHN Entertainment Corporation|NHN Bugs]])
* [[J. Tune Camp]] (defunct)
* [[J. Tune Camp]] (defunct)
* [[Jellyfish Entertainment]] (2017–2022, now with [[Kakao Entertainment]])
* [[JYP Entertainment]] (until 2018, now with [[Iriver Inc|Dreamus Company]])
* Lion Media
* Lion Media
* [[MBK Entertainment]] (2013–2014) (moved to [[LOEN Entertainment]] and [[Interpark]])
* [[MBK Entertainment]] (2013–2014; now with [[Kakao Entertainment]])
* [[NH Media]]
* [[SM Entertainment]] (until 2018, now with [[Iriver Inc|Dreamus Company]])
* [[NH Media]] (moved to [[Sony Music Korea]], [[LOEN Entertainment]], Neowiz Internet and later TSN Company)
* [[Source Music]] (2010–2016; now with [[Kakao Entertainment]] and later on [[YG Plus]])
* [[Stardom Entertainment]] (defunct)
* [[Stardom Entertainment]] (defunct)
* Starkim Entertainment
* Starkim Entertainment
* [[Woollim Entertainment]] (2013–2016) (moved to [[CJ E&M]])
* [[Swing Entertainment]] (until 2023; merged into WakeOne)
* [[YMC Entertainment]] (moved to [[LOEN Entertainment]])
* [[WM Entertainment]] (2017–2021, now with [[Sony Music]])
* [[YG Entertainment]] (until 2019, all releases now distributed by subsidiary [[YG Plus]])
⚫
* [[YMC Entertainment]]

====Foreign====
* [[Avex Group]] (until 2018, now with [[Iriver Inc|Dreamus Company]])
* [[J Storm]] (until 2018, now with [[Iriver Inc|Dreamus Company]])


==References==
==References==
Line 75: Line 110:


==External links==
==External links==
* {{official website|http://www.geniemusic.co.kr/}} {{ko icon}}
* {{official website|http://www.geniemusic.co.kr/}} {{in lang|ko}}


{{KT}}
{{KT}}
{{K-pop}}
{{K-pop}}

{{Authority control}}


[[Category:Genie Music| ]]
[[Category:Genie Music| ]]

Latest revision as of 16:00, 11 August 2024

Not to be confused with Genie Records.
Genie Music Corporation
Native name
주식회사 지니뮤직
Company typePublic joint-stock company
KRX: 043610
Industrycontents (music)
PredecessorBlue Cord Technology Co., Ltd.
(as a division)
FoundedFebruary 7, 1991
Headquarters
6th - 8th floors L7 Hotels Gangnam Tower, 415 Teheran-ro, Samseong-dong, Gangnam-gu, Seoul
,
South Korea
Area served
worldwide
Key people
Kim Hoon-bae (CEO)[1]
Productsmusic albums, online services
Servicesproduction, distribution
OwnerKT StudioGenie: 35.97%[2][3]
CJ ENM: 15.35%
LG U+: 12.70%
ParentKT Corporation
WebsiteGENIEMUSIC.co.kr/

Genie Music (Korean: 지니뮤직), a subsidiary of KT Corporation, is a South Korean company that specializes in the production and distribution of music content. Its music streaming service is the second most used in South Korea with 2.5 million subscribers as of June 2018.[4][5]

History

[edit]

The company's history can be traced from the music contents division of Blue Cord Technology, established in 1991. The same division then owned Muz (now Olleh Music), one of the major music portals in the country. The division was also strengthened by the acquisition of Doremi Media (one of South Korea's well-known music publishers) in 2000.

In 2007, Blue Cord was acquired by KT Freetel, and upon merging with the former, made the music division a separate company named KTF Music. In 2009, the company was renamed as KT Music due to the merger of KTF and its parent KT Corporation.

It acquired KMP Holdings in 2012.[6][7][8][9][10][11][12][13]

Following the investment of LG Uplus, the company changed its name to Genie Music in March 2017.[14][15]

In October 2018, Genie Music and CJ ENM's CJ Digital Music merged, with Genie Music being the surviving entity and CJ ENM being the former's second largest shareholder with 15.35%.[2]

Assets

[edit]

Distribution Network

[edit]

Present

[edit]

Domestic

[edit]

Foreign

[edit]

Former

[edit]

Domestic

[edit]

Foreign

[edit]

References

[edit]
  1. ^ Genie Music appoints Kim Hoon-bae as new CEO Archived 2017-06-23 at the Wayback Machine (Park Soo-hyeong, ZDNet Korea, 2017-6-23)
  2. ^ a b Genie Music poses threat to Melon by acquiring CJ Digital Music Archived 2018-10-23 at the Wayback Machine (Jun Ji-hye, The Korea Times, 2018-10-09)
  3. ^ Ha-neul, Kim (July 15, 2022). "[특징주] 지니뮤직, '우영우' 훈풍에 주가 움직인다 'KT스튜디오지니 자회사'" [[Features] Genie Music, 'Woo Young-Woo' stock price moves on warm wind 'KT StudioGenie subsidiary']. NBN TV (in Korean). Archived from the original on July 15, 2022. Retrieved July 15, 2022.
  4. ^ Sohn Ji-young (April 17, 2018). "Kakao's Melon app dominates Korea's music streaming service market". The Korea Herald. Archived from the original on August 6, 2018. Retrieved November 11, 2018.
  5. ^ Son Ji-hyoung (June 24, 2018). "[Kosdaq Star] Genie Music garners investor attention on anticipated M&A". The Korea Herald. Archived from the original on November 10, 2018. Retrieved November 11, 2018.
  6. ^ "KT Music History". Archived from the original on 2016-12-28. Retrieved 2015-11-23.
  7. ^ "Blue Cord Technology History". Archived from the original on 2017-08-27. Retrieved 2015-11-23.
  8. ^ "Doremi Media History". Archived from the original on 2015-08-14. Retrieved 2015-11-23.
  9. ^ KTF acquires Blue Cord Archived 2017-08-27 at the Wayback Machine (Nam Seung-bong, Ulsan Daily Newspaper, 2007-11-14)
  10. ^ Blue Cord changes name to KTF Music Archived 2017-08-27 at the Wayback Machine (Lee Soo-eun, NextDaily, 2008-3-28)
  11. ^ Blue Cord renames as KTF Music Archived 2017-08-27 at the Wayback Machine (Dorothy H.W. Sim, DigitalTimes, 2008-3-28)
  12. ^ KT acquires KMP Holdings "for music competitiveness" Archived 2018-06-14 at the Wayback Machine (Jung Yoon-hee, ZDNet Korea, 2012-11-2)
  13. ^ Effects of KT Music's acquisition of KMP Holdings on the "Big Three" Archived 2017-08-27 at the Wayback Machine (Choi Jung-soo, The Asia Economy Daily, 2013-3-8)
  14. ^ LG Uplus invests in KT Music... "Strengthening the competitiveness of music platform" Archived 2017-08-09 at the Wayback Machine (Shin Min-kwan, The Chosun Ilbo, 2017-3-15)
  15. ^ Song Su-hyun (March 15, 2017). "KT, LG Uplus join hands on home IoT, AI services". The Korea Herald. Archived from the original on January 31, 2018. Retrieved January 31, 2018.
  16. ^ "Daum 원하시는 페이지를 찾을 수가 없습니다". Archived from the original on 2018-08-06. Retrieved 2018-08-06.
[edit]
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