Big Hit, SM, YG, JYP, FNC, Mystic, and Star Empire found new company for K-pop MV distribution
The biggest players in K-pop will be coming together to create a K-pop MV streaming service.
Big Hit Entertainment, SM Entertainment, YG Entertainment, JYP Entertainment, FNC Entertainment, Mystic Entertainment, and Star Empire have come together to found MCPA - 'Music & Creative Partners Asia'. 7 representatives met at the Seoul Park Hyatt Hotel on July 19th at 2 PM to officially declare and sign the foundation of the new company.
MCPA will become the 7 labels' window in supplying MV contents to others such as YouTube, and they are also planning to create a new platform service for K-pop MVs.
