J-tune becomes JYP Entertainment!Posted: February 17, 2011
The JYP Nation has new residents!
MBLAQ, say hello to your new label mates 2-P-M!
JYP Entertainment was the largest shareholder of J-tune in 2010. On February 23rd, they will officially takeover Rain’s musical empire.
J-tune has encounter financial difficulties over the past year,and with Rain joining the military soon, he wanted his former boss to take care of his baby. Director Park Jin-young (JYP) gained control over the business through a meeting of the shareholders vote for mutual alterations(KOSDAQ).
What do you think about the J-tune/JYPE merge?