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CUBE Entertainment Acquires CUBE DC, Making Stars Come Together in One Agency!

Rain, 4minute and BEAST will all be together under one management as CUBE Entertainment merges with CUBE DC

Aug 27, 2014 02:19 PM BST
Rain, 4minute, BEAST
(Photo : Cube Entertainment,Cube Dc)

CUBE Entertainment makes a move on the business side as it takes over Cube DC.

CUBE Entertainment released a statement on August 22 regarding this move, stating, “To increase our economic competitiveness and foster the synergy effect between the firms, we decided to acquire Cube DC.”

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CUBE Entertainment handles artists including 4minute, BEAST, BTOB, and G.NA, while Cube DC manages the Asian superstar, Rain, No Ji Hoon and Kwak Seung Nam.

It has been reported that CUBE Entertainment got 100% of Cube DC's shares. However, it is said that the there will no change in the allocation of the stocks.

It is still unconfirmed if this venture of CUBE Entertainment will give an opportunity for more collaborations or will allow Cube DC's artists to be included in the label's concert, "United Cube."

Is this a great move for both agencies?


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