The exciting news comes from CJ ENM, who enters a partnership with STAYGE Labs. CJ ENM announced that on the 12th, they had signed a strategic partnership with Korean startup STAYGE Labs. As a result, the two Korean companies will launch a new Kpop music platform in 2022.
CJ ENM and STAYGE Labs to Launch Music Platform in 2022
CJ ENM revealed their plan to invest a stake in STAYGE Labs. The two Korean companies cooperate in launching a new global digital platform based on music content within the first half of 2022.
“As the influence of K-pop is expanding worldwide, the need to build a digital platform for music content is gradually increasing. Through strategic business partnership with Stage Labs, a digital platform optimized for CJ ENM’s music content. We plan to build a new and expand K-POP influence.”An official from CJ ENM
About CJ ENM
CJ ENM has an all-around music content IP of Mnet, the Korean biggest music channel. It also organizes Kpop events, such as the KCON (K-culture festival), MAMA (Mnet Asian Music Awards), etc. In addition, if you are a Kdrama fan, you must have watched CJ ENM’s notable works, such as the Oscar-winning movie “Parasite” and hit Netflix Kdrama “Crash Landing on You.”
About STAYGE Labs
Meanwhile, STAYGE Labs owns the technology and experience creating digital platforms, NFTs, and Blockchain. Although it is said that STAYGE Labs is an entertainment tech startup, it has already had more than 500,000 members worldwide, including the United States, Japan, and Southeast Asia.
Following the introduction to the Kpop community in 2018, STAYGE Labs launched a global live streaming service, “Presented Live,” in 2020.
“With the CJ Partnership, we are excited to show more Kpop shows, music, NFT, and more, to our Kpop fans around the world.”STAYGE Labs representative
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