News FNC bought some songs by Taeyeon, EXO-CBX, Davichi and more (1 Viewer)

[Administrator2]

It's basically a subsidiary of FNC Entertainment, and they literally bought out all OSTs, lol.

FNC Entertainment‘s new subsidiary FNC Investment have acquired the rights to 372 songs, including songs by Taeyeon, EXO-CBX, and Davichi.

According to FNC Entertainment’s press release, their new subsidiary company, FNC Investment, have wrapped up their first investment project, choosing to secure access to works by renowned artists outside of FNC Entertainment. The investment is worth around ₩15 billion KRW ($13,349,887 USD) and a total of 372 songs’ copyrights from a variety of famous singers will be transferred into FNC Investment’s ownership.

FNC Investment’s acquisition is expected to positively impact the financial situation of the company, generating a consistent profit for the company as some of the songs they have acquired the rights to are popular OST’s from Korea’s biggest dramas, including…

Girls’ Generation’s Taeyeon’s “All About You” (Hotel Del Luna OST)
Davichi’s “Forgetting You” (Moon Lovers: Scarlet Heart Ryeo OST)
EXO-CBX’s “For You” (Moon Lovers: Scarlet Heart Ryeo OST)

FNC Investment’s CEO Ahn Seok Joon stated the reason why FNC Entertainment decided to create the subsidiary and their goals for the company.

Through this contract, FNC will not only be able to hold the copyrights of our artists, but also by acquiring the copyrights of famous artists outside our agency, we can create a stable source of income every year for the future.

Stan Ahn Seok Joon, the businessman

Spoiler: Source:

FNC Entertainment's New Subsidiary FNC Investment Secures Rights To Songs By Taeyeon, EXO-CBX, Davichi, And More

FNC Entertainment's new subsidiary FNC Investment have acquired the rights to 372 songs, including songs by Taeyeon, EXO-CBX, and Davichi.

www.koreaboo.com

 

[Taehyun]

n.flying and chebul comebacks better be high budget

 

[VillageIdiot]

n.flying and chebul comebacks better be high budget

This

 

[Panda]

wtf lmao

 

[Abeamus]

This sounds like something you shouldn't be able to do but if they're openly making a statement about it then I guess it's possible

 

[Administrator2]

This sounds like something you shouldn't be able to do but if they're openly making a statement about it then I guess it's possible

I am actually weirded out with how it all played out. He literally said, we will invest long-term so that we can get passive income cause Koreans are suckers for OSTs. Kudos to them for figuring it out.