The biggest entertainment companies in Korea have joined together to create one massive management agency known as “United Asia Management.”
All of the artists under SM Entertainment, YG Entertainment, JYP Entertainment, KeyEast, Star J Entertainment and AMENT will now be managed under the company in their endeavors including movies, dramas and all other entertainment content production.
The six companies came together to share their business know-how and network so that they can advance the Hallyu wave into an Asian Pop Music wave all around the world.
It’s still unclear as to whether the artists will be both under UAM along with their respective companies.
What is clear is that this is essentially a monopoly that could crush smaller companies and their artists…
Credit: mtvk/sharingyoochun.net
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