– Beyond Music acquires all neighboring copyrights from Interpark Music Department
– Accumulated more than 25,000 musical works with the securing of neighboring rights of 878 hit songs including “8282” by Davichi and “Roly-Poly” by T-ara
– With its operating assets of approximately 300 billion wonBeyond Music has maintained its #1 position as a national music IP management company and is expected to become from Asia largest intellectual property management company with an AUM of 1 trillion won by the end of the year
Seoul, South KoreaJune 9, 2022 /PRNewswire/ — Beyond Music, an investment and management firm specializing in music IP aggregation, has established itself as from Asia the largest music intellectual property asset management company by signing an asset transfer agreement on the entire neighboring copyright volume held by the Interpark Music Business department.
Beyond Music acquired the 878 songs worth more than 50 billion won held by Interpark, of which Yanolja is the major shareholder.
Beyond Music’s acquisition of Music IP consists of hit songs that were released over 20 years ago to mid-2010 songs such as Davichi’s “8282““Roly-Poly” by T-ARA At Lim Chang-jung’s “My love,” and LABOUM’s “Imagination Plus”; youThese songs have topped countless music charts in the past and have always been loved by audiences even today, proving that they have their investment value.
As a result, Beyond Music has retained a total of more than 25,000 domestic and foreign music copyrights, and at the same time is reborn as a from Asia largest music IP asset management company, valued at around 300 billion won. Beyond Music has succeeded in cementing its position as the No. 1 player among national music IP management companies with this acquisition and plans to become from Asia largest intellectual property management company with assets under management (AUM) of 1 trillion won by the end of this year through collaboration and synergy with existing media and entertainment companies.
“Of May 2021we were able to secure not only popular songs from KNC Music (the former name of Beyond Music), FNC Investment and Interpark Music Department in 80s-90s, but also OSTs and hit songs from 2010s,” said Sean Rhee, partner of Beyond Music. He added, “It has enabled us to take over the music and entertainment markets with high profitability. We will continue to push for various mergers and acquisitions to create business opportunities unlike all other domestic and foreign companies.”
Founded in May 2021Beyond Music is a music copyright management company jointly established by CEO Jang-won Lee, who founded “Mafia Company”. from Asia the largest digital music platform company and successful songwriter Geun-tae Park. In December 2021the company raised 200 billion won investment fund of Praxis Capital, thus holding an AUM of 270 billion won value of musical intellectual property assets. In May of the same year, Beyond Music acquired KNC Music, the largest music IP portfolio acquisition in the history of the domestic music market, for 46.6 billion wonand acquired FNC Investment, a holder of intellectual property rights in connection with FNC, for 47 billion won in March of this year.
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