YG are reportedly about to purchase Dreamus

It’s being reported that YGplus( the music distribution and manufacturing subsidiary of YG) is about to purchase a majority stake in Dreamus music company for 100billion won($72m). Dreamus is an album and merchandise distribution and manufacturing company, their clients are big companies like SM and JYP and many other kpop companies; they also manage and own the Korean music streaming app: Flo.

https://n.news.naver.com/article/011/0004512391?sid=101&s=34

I think this is a wild business move and sorta points at YGE intending to expand itself into a music conglomerate, which I’m mixed about personally but weve gone past that point already.

submitted by /u/Zestyclose-Bridge830
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