RBW subsidiary label WM Entertainment Co. will change its corporate name.
RBW said on the 11th, "We will reorganize part of the label operating system within the group to strengthen each label's expertise and create an environment that can focus more on artists."
First, WM Entertainment Co. will change its corporate name to StrangeLab (StrangeLab).
RBW said about StrangeLab's business direction, "RBW Group will perform new strategic businesses that maximize global added value by combining IP (intellectual property) such as music, video and artists owned by RBW and IT technology," noting, "It will continue to carry out entertainment business that oversees overall artist-related tasks such as producing, planning and production as the agency for XLOV and LU, and we plan to grow it into StrangeLab's own unique music label."
Also, Oh My Girl, which was under WM Entertainment Co., will move to DSP Media Co. The agency said, "Going forward, the producing, planning, production and management of 'Oh My Girl' will be overseen and conducted by DSP Media Co., a consolidated subsidiary of RBW. DSP Media Co. plans to concentrate more on Oh My Girl's activities and support them in presenting a variety of music and content based on its long-accumulated music production and artist management capabilities."
The following is RBW's full statement.
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We sincerely thank the fans and shareholders who always support RBW and its artists.
RBW will reorganize part of the label operating system within the group as follows to strengthen each label's expertise and create an environment that can focus more on artists.
■ WM Entertainment Co. will change its corporate name to StrangeLab (StrangeLab).
In April, the companies '257 Entertainment' and WM Entertainment Co., which were absorbed through an all-inclusive business transfer, will start a new beginning together under the single name StrangeLab (StrangeLab). The name WM Entertainment Co. will remain as a precious journey we have shared for a long time, and going forward we want to build the future under the new name StrangeLab.
■ StrangeLab (StrangeLab) will focus on the following two main business pillars.
The first is to carry out new strategic businesses that maximize global added value by combining IP (intellectual property) such as music, video and artists owned by RBW Group with IT technology.
The second is to continue to operate the entertainment business that oversees overall artist-related tasks such as producing, planning and production as the agency for XLOV and LU, and we plan to grow it into StrangeLab's own unique music label.
■ change of operating entity for artist "Oh My Girl (OH MY GIRL)" business
Going forward, the producing, planning, production and management of 'Oh My Girl' will be overseen and conducted by DSP Media Co., a consolidated subsidiary of RBW. DSP Media Co. plans to concentrate more on Oh My Girl's activities and support them in presenting a variety of music and content based on its long-accumulated music production and artist management capabilities.
This business organizational restructuring is intended to strengthen each label's identity and expertise and provide the best environment for artists.
Please continue to give your unwavering interest and support to RBW, StrangeLab and DSP Media Co., and all affiliated artists. <
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