Starship Entertainment recently acquired the shares of King Kong Entertainment, one of the best domestic acting agencies, and officially has begun its move on markets across Asia.
On May 20, a representative of Starship Entertainment stated, “We have signed a partnership contract with King Kong Entertainment to acquire 100 percent of their shares. Although too early but since our target has been set by mother company –United Asia Management– we decided to accept on challenges.”
King Kong Entertainment is an actor-centered management agency that houses the stars Kim Bum, Yoo Yeon Soek, Lee Dong Wook, Lee Kwang Soo, Kim Ji Won, and more.
A representative of Starship Entertainment stated, “King Kong Entertainment is one of the domestic management companies that both manages and produces star content. King Kong Entertainment will not change its independent management but will aid in marketing across Asia through the synergy of working together.”
Prior to this, Starship Entertainment signed a mutual contract with Yuehwa Entertainment last April and started reaching out to markets in China.
Yuehwa Entertainment was established in June of 2009, managing music, movies, drama production, artists, idols, promotion and planning, and entertainment marketing. It houses many Chinese artists, and recently debuted its rookie group UNIQ in 2014.
Officials say that the synergy between Yuehwa Entertainment and King Kong Entertainment is also expected to be huge. With SISTAR currently doing great in the K-pop industry, K.Will earning the name as one of the best vocalists, Lee Kwang Soo getting the nickname “Prince of Asia,” and many more actors performing well in both domestic and Chinese movies, their synergy may surpass domestic businesses and affect those across the world.
Meanwhile, Starship Entertainment will take its first step into Asian markets with the acquirement of King Kong Entertainment.