12.27.10 [Sports Today] Rain Works In Partnership With JYP

According to JYP Entertainment, “Singer and actor Rain belonging to J.Tune Entertainment recently requested JYP Entertainment to take charge of J.Tune Entertainment by saying “I want to concentrate only on entertainment work as a singer and actor before joining the army”. After that, JYP Entertainment shareholders also approached Rain with the same proposal, so ‘Preemptive Right’ to J.Tune Entertainment has been given to JYP Entertainment through ‘Allotment To The Third Party’

Adding, “We’ll give the best support possible to Rain to be busy doing entertainment work more freely, and “the alliance between the two companies will generate a significant synergy effect, combined with Rain’s accumulated experience of the last three years and the know-how from the existing company system.”

credit to Sports Today http://news.nate.com/view/20101227n02630
Brief translation by rain bird.


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8 thoughts on “12.27.10 [Sports Today] Rain Works In Partnership With JYP

  1. flower 12/27/2010 at 10:17 am Reply

    So it is a partnership like a merger? Or does JYP own JTune now? I am confused!

    Also, can someone tell me did Rain start and own JTune? I thought he was just the majority shareholder at one point and was signed to the record company as an artist. He did not manage the company. There was a CEO and President that was voted in to manage the company.

    I am confused can someone clear this up for me?

  2. dsl99a 12/27/2010 at 10:32 am Reply

    @flower, you are correct about Rain’s role in J.Tune. As for whether it’s a partnership or merger, I have no idea. I’m understanding it as a partnership. But if JYPE is the largest shareholder of J.Tune, then that pretty much means JYPE owns J.Tune isn’t it?

    Gosh…the more I try and figure this out, the more o_O I get…

  3. lovetripbeat 12/27/2010 at 2:12 pm Reply

    according to articles published on this site Rain started J. Tune Camp (the record label) which then became J. June Entertainment; of which he is only share holder. As for the new merger; JYPE doesn’t own JTune. But as majority share holder he does have a big say in what happens with the company and it’s artists. But there are still other share holders who have a vote at all meetings as well as the presidents and staff. Just like the democratic system; JYP would need a majority vote from 1/3 of the rest of the share holders before any major decisions would be made.

    This is why publicly trading companies is bullcrap on a stick. But is also very good for JYP because he can’t arbitrarily just mess up JTUNE. He would need a house vote to do that xD

    • flower 12/29/2010 at 3:45 am Reply

      @lovetripbeat so you are saying originally Rain started a record label called J. Tune Camp. He then changed it to a talent management company called J.Tune Entertainment. Is this correct? I did not know this information.

  4. Pluie625 12/27/2010 at 2:46 pm Reply

    My 2 cents… I think they saved each other here. Ji Hoon saves JYP and in return JYP will somehow help Ji Hoon to manage his company while he’s away. Pretty smart move of Ji Joon. And the way I see it he trust JYP so much and he know JYP will take good care of his company and employees as well.

    Let’s trust Ji Hoon. he knows what he’s doing. Let’s all just wait and see…

    • chisun 01/03/2011 at 12:53 pm Reply

      I agree. Let’s trust Jihoon, and wait and see. 🙂

  5. kongsao 12/27/2010 at 7:10 pm Reply

    rain so , smart in businessman. so that now Rain can do his thing without stress and with peace of mind. he can rely on JyP sent he been under his time dancing and perforamce for longer time rain who have more trus then any other take care for him i am glad that rain thing before hand!!ths is a right descion of rain have his move think of guy number time while rain is gone he have someone to take his
    busineses while he is away and it better this way for his considering aboput Jtune what going on their and top this JYP in order to keep JTune on a secure.that Rain remains in control of his talent and his career as it will remind in his comapny regradless he still or leaving reminder Mblaq when MBLAQ traveled with JYPE artiste now it kinda makes sense. the planning was probably going on even then. just that rain have give showing his suprise and everbody are gossip about so know i think this all set before hand rain must been planed this a while ago
    so to me i very think it a respectful of his descion and who can took care his Jtune Yet His MBLAQ as well !!

  6. Dree 12/28/2010 at 8:24 am Reply

    they save each other i think, JTune is a public company that listed in KOSPI, & JYPE is private company..JYPE spend million of dollars bcoz WG invasion in america, they need o lot of income, so they can have that from J.Tune shares in stock exchange & JTune need JYPE experience & power to help them established their name in Kpop world

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