FNC Entertainment, under its new subsidiary FNC Investment now holds related rights for songs of various artists. Read on to know some of the songs and artists included.
On March 3, FNC Investment, a newly established subsidiary of FNC Entertainment (hereinafter referred to as FNC), announced that it has secured access to the songs released by prominent music artists, even those who are released by other agencies.
According to reports, most of the songs acquired by FNC Investment include popular Original Sound Tracks (OST) from Korean dramas including Taeyeon's "All About You."
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What is FNC Investment? 372 Songs' Related Rights were Secured
In particular, FNC Investment is a corporation that specializes in business investments in content and related fields. The investment is worth about 15 billion won, and a total of 372 songs sung by famous singers will be transferred into FNC Entertainment's new subsidiary, its first investment project.
The music list included Taeyeon's "All About You" and 10cm's "Lean on Me," some of the popular tracks from the K-drama, "Hotel Del Luna. Davichi's "Forgetting You" and EXO-CBX's "For You" from "Moon Lovers: Scarlet Heart Ryeo as well as Punch's single"Goodbye" were also included.
Ahn Seok Joon, co-CEO of FNC and CEO of FNC Investment, said "Through this contract, FNC expects to acquire not only the copyright of its artists but also the music rights of famous outside artists and become a stable source of income every year."
FNC Investment is a subsidiary of FNC that specializes in investment in content and related fields. In addition to generating profits, it will continue to make efforts to find new businesses that can create synergy with FNC entertainment businesses in the future.
SF9 Members Renew their Contracts with FNC Entertainment
On the other hand, along with its establishment of a new subsidiary, FNC Entertainment strengthened its agency even more as all members of the group SF9 have renewed their contracts with the agency.
On March 2, an official from SF9's agency FNC said, "All nine members, including SF9 Youngbin, Inseong, Jaeyoon, Dawon, Rowoon, Zuho, Yoo Taeyang, Hwiyoung and Chanhee, have renewed their contracts."
SF9, which debuted with its single album "Feeling Sensation" in October 2016 and marks its fifth year this year, will renew all members' contracts and continue their relationship with FNC.
Meanwhile, SF9 is expected to appear on Mnet Boy Group's survival program "Kingdom" which will be broadcast for the first time on April 1. The group will compete with other K-pop groups such as BTOB, iKON, THE BOYZ, Stray Kids, and ATEEZ.
Related Article: iKON and SF9 in Talks to Participate in Mnet's 'Kingdom' + BTOB Reportedly Refuses to Join
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Written by Eunice Dawson
