CJ E&M acquires Jay Park's label AOMG + NB

[DHenchanted]

 

It seems that Jay Park's label AOMG has struck a sweet deal with media conglomerateCJ E&M for the new year! Through a press release, CJ E&M revealed on January 6 that they have acquired AOMG. 

 

As you already know, Jay Park, along with Simon D are the co-CEOs of the trendy hip hop label AOMG, which houses talents such as GRAY, LOCO, ELO, DJ Pumpkin, DJ Wegun, Hoody, and Ugly Duck. 

 

CJ E&M's music sector president Ahn Seok Joon stated, "So that AOMG will ultimately lead in not only hip hop music but also in lifestyle and grow as the trendiest label in the music market, we will do everything in our power including hiring those who are knowledgeable of the music industry and expand and develop the label using diverse business opportunities." 

 

From now on, AOMG will continue to independently produce their own music and oversee the operations of the label; however, by directly using the distribution, marketing, and global channels provided by CJ E&M, AOMG plans to bring their music to a more widespread, global audience. 

 

 

AOMG started off the year strong and we know the same will hold true for the rest of the year! 

 

 

 

 

Article: CJ E&M takes over Jay Park and Simon D's hip hop label AOMG

Source: X Sports News via Naver

1. [+868, -14] CJ is going to milk this ã…‹ã…‹ã…‹ They're going to be stuck on all of CJ's rap shows, probably even Superstar K ã…‹ã…‹

2. [+579, -22] Jay Park and Simon D know how to do business... they must've made bank off of this

3. [+514, -11] Mnet's going to make another show now

4. [+248, -22] Looks like CJ's going to hit daebak in the hip hop field too now

5. [+117, -6] Ehh?? Is this good??? I actually feel sad that they were eaten up by CJ ã… ã…  now they can't do whatever they want but have to follow what CJ wants too..

6. [+104, -4] To put it more specifically, the CEO of AOMG is no longer Jay Park and Simon D but CJ ã…‹ã…‹ but I'm sure Jay Park was paid extremely well for handing the company over. He's now just an artist associated under AOMG.

7. [+73, -2] I'd say it's more like they were absorbed under CJ and the CEOs went from CEO to artists under the agency.

8. [+69, -6] Why am I not happy about this..

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Source: Daum

1. [+84, -8] I guess Jay Park can't call himself a CEO anymore ã…‹ã…‹ã…‹ã…‹ but he must've made a ton of money with Simon D off of this

2. [+62, -6] Wasn't this their original goal anyway?

3. [+43, -9] It honestly seems like a win win deal for both parties ã…‹

4. [+14, -0] This spells trouble for me, it's a complete monopoly. How does it make sense that a broadcast company is taking in celebrity agencies like this? Some things should be kept separated.

5. [+11, -0] Looks like we can finally see them on MAMA next year then. Hip hop is the trend now and AOMG is the most trendiest company. I always had a feeling that they weren't attending the biggest year-end ceremonies not by choice but because other companies were blocking them. Maybe Jay Park can fight back this time with this merger.

6. [+9, -0] CJ is just eating all of the companies up now that hip hop is more popular... HiLite Records and now AOMG...

[Only 1 U Need Connoisseur]

Already posted. Info is incorrect anyways. 

It is a partnership. Jay Park even tweeted that person who made the article said "acquire" for clickbait.