KMP Holdings


KMP Holdings is a South Korean music distribution company. It is headquartered in Gangnam-gu, Seoul and was opened on March 18, 2010.

History

In March 2010, KMP Holdings was established via a joint venture between S.M., YG, JYP, Star Empire, and other companies like Media Line, CAN Entertainment and Music Factory Entertainment. KMP is the official distributor of releases from these companies. Its chief executive officer is songwriter-producer :ko:김창환 |Kim Chang-whan, representative of Media Line.
KMP Holdings encompasses many fields including: music service, digital music distribution, and TV program production. It is a service platform that works to provide a more reasonable digital music system. Many believe this is held to challenge the duopoly on music distribution by Mnet Media and LOEN Entertainment.
KT Music, the music contents arm of KT Corporation, eventually acquired KMP in November 2012, and in mid-June 2013, it absorbed KMP's distribution network.

Awards

On the 2nd Gaon Chart K-Pop Awards last February 2, 2013, KMP Holdings was awarded as the "Best Music Distribution Company ".

Founding companies

Korean