SM C&C and Samhwa Networks sign MoU

[tigerandbambi]

SM C&C and Samhwa Networks sign MoU to advance into Chinese video content market

 

 

 

 

SM C&C and drama production company Samhwa Networks signed a memorandum of understanding (MoU) to advance into the Chinese video content market.

 

SM C&C stated on April 29, "Through this memorandum of understanding (MoU), SM C&C and Samhwa Networks will utilize both parties' writers and copyrights of original productions, production labor force, and business networks in China to target the Chinese drama and video content market together."


According to SM C&C, SM C&C and Samhwa Networks both acquired 2 billion KRW ($1.9 million USD) worth of each others' stock with SM C&C acquiring 1.66% (709,291 shares) and Samhwa Networks acquiring 0.76% (511,508 shares).

 

 

source: AKP , 10asia , edaily

 

 

Memorandum of Understanding on wiki

[acclaim]

inb4 JYJ fans

[ImJustASlyFox]

lol

[Slowpoke X]

get that yuan

[gayness]

 

[mika613]

Is this part of SM's plans for their artists in China that they emphasized for this year?   

[footballfina]

 

keep making them deals

[solange knowledge]

What about that one museum or whatever they're doing in LA to aid in American advancement...