KMP Holdings

KMP Holdings (acronym for Korean Music Power; Korean: KMP홀딩스) was a South Korean music distribution company. It was headquartered in Gangnam-gu, Seoul and was opened on March 18, 2010.

KMP Holdings Co., Ltd.

Native name	주식회사 KMP 홀딩스
Company type	Private
Industry	Music & Entertainment
Genre	K-pop
Founded	March 18, 2010; 15 years ago (2010-03-18)
Defunct	November 2012 (2012-11)
Fate	Acquired by KT Music in 2012, then merged into it in 2013
Successor	KT Music Corp.
Headquarters	Cheongdam-dong, Gangnam District, Seoul , South Korea
Area served	South Korea
Key people	Kim Chang-whan (CEO)
Products	Music & Entertainment
Services	Music, Entertainment, Distributor
Owner	2010-2012: see list 2012: KT Music Corp.
Website	kmpholdings.tistory.com

History

In March 2010, KMP Holdings was established via a joint venture between S.M., YG, JYP, Star Empire, and other companies like Media Line, CAN Entertainment and Music Factory Entertainment. KMP is the official distributor of releases from these companies (KMP stands for Korean Music Power). Its chief executive officer is songwriter-producer Kim Chang-whan, representative of Media Line.^[1]

KMP Holdings encompasses many fields including: music service, digital music distribution, and TV program production. It is a service platform that works to provide a more reasonable digital music system.^[2] Many believe this is held to challenge the duopoly on music distribution by Mnet Media and LOEN Entertainment.

KT Music, the music contents arm of KT Corporation, eventually acquired KMP in November 2012, and in mid-June 2013, it absorbed KMP's distribution network.^[3]

Awards

On the 2nd Gaon Chart K-Pop Awards last February 2, 2013, KMP Holdings was awarded as the "Best Music Distribution Company (Offline Music)".^[4]

Founding companies

• S.M. Entertainment
• YG Entertainment
• JYP Entertainment
• Star Empire Entertainment
• Media Line
• CAN Entertainment
• Music Factory Entertainment

Business area

• Music Album Off-Line Distribution
• Digital Music Distribution (domestic, foreign)
• Investment for Music Contents
• Contents Producing & Management
• Concert & Awards
• New Media, Social Media Business
• Merchandising

Former distribution network

Korean

• Afrodino World
• CAN Entertainment (formerly CAN&J Entertainment)
• Fair Music
• GM Contents Media (later merged into Core Contents Media)
• GraceJ
• iMBC (for Infinite Challenge releases)
• JYP Entertainment
• Media Line
• Music Factory Entertainment
• S.M. Entertainment
• Star Empire Entertainment (excluding Nine Muses, whose distribution rights were then handled by LOEN Entertainment)
• Trophy Entertainment (moved to LOEN Entertainment, then dissolved)
• YG Entertainment

Japanese

• Avex Group
• Johnny & Associates