United Kingdom
With the recent business ventures of the top agencies in Korea, Cube Entertainment has also announced its partnership with iHQ, a management company for Korean actors to vie for the top spot in global entertainment.
CUBE Entertainment sold 50.01% of its stock for 16.5 billion Korean Won (approximately $15.1 million) to IHQ to merge the planned partnership.
Universal Music, previously one of the major stock holders of CUBE holds 11% of CUBE's stock, explained the entertainment agency which has been considered as No. 4 following so-called big three: SM, YG and JYP Entertainment.
Hong Seung-seong, CUBE Entertainment's president and the former manager to JYP Entertainment, secures his current stake of 28% and is set to invest 2 billion Won (approximately $1.8 million) to IHQ by means of intensifying cooperation between two companies.
CUBE Entertainment is the home of the stars like, 4minute, B2ST, G.NA, BToB and Rain in a subsidiary company CUBE DC.
While iHQ's president, Jung Hoon-tak, was a manager of the legend, Cho Yong-pil and he also was the trainer of g.o.d, one of the famous boy groups. iHQ is also the home of singer and rapper, Jay Park and newbie girl group, 2EYES and the label will be announcing a boy group this fall.
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