12.29.10 [dkpopnews] JYP Entertainment & J. Tune Entertainment To Completely Merge

On December 30th, Singer/producer Park Jin Young announced that the name of J. Tune Entertainment will be changed to JYP Entertainment, and that the two companies will be merging as one.
In a general stockholders meeting (to be held on February 6, 2011), J. Tune Entertainment will be electing Park Jin Young and CEO Jung Wook as members of the Board of Directors. The current board members, including CEO Kim Yoon Chul, will resign, and the company will officially change its name to ‘JYP Entertainment’.

Regarding the name change, representatives of J. Tune Entertainment stated, “Park Jin Young hopes to use the JYP label to bring J. Tune up to its status.”

Additionally, Park Jin Young signed on with J. Tune Entertainment, as explained by representative, “After acquiring shares and taking control of the company, Park Jin Young signed a contract under the agency in order to join forces with Rain and the celebrities within it.”

A representative of JYP Entertainment revealed to Newsen on December 30th, “Park Jin Young has decided to contract with J. Tune. His contract with JYP Entertainment expired back in 2006, and since then, he has not been under any contract.

J.Tunes Entertainment will be completely absorbed by JYP Entertainment. On February 16th, J.Tunes Entertainment will change its name to JYP Entertainment and JYP Entertainment’s board of directors will be on J.Tunes Camp’s board of directors as well.

Park Jinyoung will also be considered under J.Tunes Entertainment instead of JYP Entertainment, which fans are confused by, as it was just announced that J.Tunes and JYP Entertainment will be merging. However, this will be the first time in 4 years that Park Jinyoung will be under an entertainment, as his own contract with JYP Entertainment had expired and he has not signed any contract since then.

We can only speculate what this means, but it could signal the start of J.Tunes Entertainment becoming a subsidiary of JYP Entertainment, therefore causing MBLAQ to be indirectly part of JYP Entertainment. It could also be the return of Rain to JYP Entertainment, once his time in the army is complete.

Many fans are confused by this news and are wondering what will officially happen to J.Tunes Camp artists such as Rain and MBLAQ. How are you taking this news?

Source: Kuki News & Nate.com
Reuploaded: xxsheena@mblaqattack.com // dkpopnews

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15 thoughts on “12.29.10 [dkpopnews] JYP Entertainment & J. Tune Entertainment To Completely Merge

  1. Tatiana 12/29/2010 at 11:39 pm Reply

    I guess he wants to make sure that the company is left in capable hands while he is serving in the military.

  2. flower 12/30/2010 at 2:06 am Reply

    I thought I had a good understanding of what was going on after reading Rain’s message. Now I am a little confused. Can someone explain to me what is:

    1. Newsen
    2. Is J.Tune Camp the same as J. Tune Entertainment? Is this just another way of saying J.Tune Entertainment? I know I have heard Rain say J. Tune Camp I think at the end of Ranism.

  3. kongsao 12/30/2010 at 3:58 am Reply

    @flower
    For followers who asked the difference between J.Tune entertainment and J.Tune Camp, J.Tune entertainment is in charge of Rain’s acting and J.Tune Camp is in charge of Rain’s singing activities.
    Lastly, J.Tune Camp and J.Tune Entertainment have different representatives and boards
    they are 2 different actitivies of rain but is under rain took over
    u know even that it still dosn”r matter i am not to happy reading this news from Jtune merge with JYP
    coz, for some reason i don”t JYP it sseeme to be sink to me why is rain making this choose to JYP regradless of he leaving to MS half year 2011 but why let JYP took over it just coz so that way under his name so their no
    1shergolder over Jtune
    2 safe scure for his comapny and let it staple until he back
    3 or just coz he very trus JYP and wanted his MBlaq to with them in more improve and can be it improve their actities and singer what?
    4 so that way rain have his own breal threw and just focus on his own artis actitives
    i am so seriou now that i loss at this monent and i quit not understand what is going on right LOSSSSSSSSSSSSSSS!!
    one think that i am bagging that JYP are not try to benfit over rain popluaitty or business i just hope he is truly helping rain of his own heart that all i am i know they are knowing each other for so long still of what i see and heard and know JYP are not good and trus much i just hope rain know what he doing i don”t see rain gone and thing trun around !! i just saying of my own option incase it is or not i am not agree of this !

  4. tjrachel 12/30/2010 at 4:39 am Reply

    I’m just as confused as everyone. I don’t know what to say. I’ve been reading the developments…just was not in the mood to post…still not feeling well due to my lingering cold. I don’t know why Ji-hoon is making such decisions. In the meantime, maybe, we can just pray for him. Good Luck to your concert,Ji-hoon, tomorrow.
    HAPPY NEW YEAR!…& May the New Year bring the BEST of WHAT IS YET TO BE. GOD BLESS YOU, JI-HOON. LOVE YOU & MISS YOU.

  5. tjrachel 12/30/2010 at 4:46 am Reply

    Btw, does anyone know where we can send a personal message to Rain? I wanted to send a message for his concert, but didn’t have the time before I left.

  6. babyrain2504 12/30/2010 at 6:15 am Reply

    J.Tune Camp is the one handling SixtoFive, (Rainbox?) & its artists singing career. J.T.E is the one handling Rain’s acting. I think that’s what I saw in MBLAQ’s Asian Special Album cover (J.Tune Camp), Rain’s Rainism album jacket(J.Tune Camp), SixtoFive’s Facebook account is also under J.T.C. Please correct me if I’m wrong.. I’m a bit confused myself. If J.T.E is about acting and J.T.C is about singing, why is JYP the one handling it now?

  7. tjrachel 12/30/2010 at 6:17 am Reply

    Come to think of it, I don’t think I’m in favor of this. I have my reservations. Though Rain may have said that he doesn’t know the details of running a business,thus maybe this decision, still, is there no one like his dad or members of his family who could take over while he’s in the military? I hope he’s making the right decision.

  8. flower 12/30/2010 at 6:24 am Reply

    @Kongsao thanks for anwering my question. Like I said I am so confused. I thought Rain said that JYPE and JTE were entering into a partnership, which is the same as merging together as one I thought. However after reading this article it sounds more like JYPE is taking over JTE. Maybe I am reading it wrong or they are reporting it wrong.

    Part of me is saying I understand why he would want to change the name to JYPE because the company is well known from my understanding. JYP does have alot of connections. However until I get more information it just feel like something is wrong with this picture.

    Also, why did JYP sign a contract with JTE as an artist? He is the owner of JYP, why wouldn’t he just sign with his own company?

    Why is the current board memebers and CEO Kim Yoon Chul have to resign if it is just a partnership? JYPE is cleaning house of all the current board memebers of JTE.

    Maybe Rain no longer felt J.Tune was being affective in developing his career. And he expressed that to JYPE when he consulted him. I have read fans say that they do not think JTE was doing all they could for Rain as a world star. So maybe this is all Rain’s idea but since he is nolonger a majority shareholder he cannot make the changes. However, JYP can make the changes since he has become the majority shareholder.

    Who knows what is going on. I just hope Rain post another message to explain the latest activities. So his fans can understand what is going on. Also, I hope things work out for Rain.

  9. babyrain2504 12/30/2010 at 6:36 am Reply

    Ah… I get it now.

    Don’t worry guys, JYP is under J.T.E’s skin now. According to a blogsite I just read, Rain IS back on JYPE, BUT Rain welcomed JYP IN.

    It’s not like he’s back on the nest or like a puppet with strings attached again. He is first and foremost a performer, so we won’t see JYP meddling with Rain’s activities.

    He said he wanted to focus on singing and acting (which pertains to J.TUNE CAMP not J.TUNE ENTERTAINMENT)so we could say that he will do more singing in the future.

    He probably got JYP to handle J.TUNE ENTERTAINMENT because it would be too much of a burden while he’s in the army.

    If I were to explain it in simplier terms, it would be go like this: Suppose that a child (rain) was fed and taken care of by his parents (jyp) for a long time. After many years, this child felt the need to leave his home and try things on his own. Knowing that this will come sooner and later, his parents agree willingly and let go of him. The child then sets up to gain experience, travel the world, work on his own, and meet different kinds of people. Soon, he meets his partner and marries her, he now has his own family and children (j.tune). The time came when he had to be sent abroad for work. Being the sole breadwinner of the family, he knows fully well that his family cannot survive without having someone to take care of them, so he comes back to his parents and asks them a favor. “Mom, Dad, please take care of my wife and my kids while I’m gone.” he says. He couldn’t possibly leave his family to his friends, co-workers or neighbors, right? Besides, he knows his parents well and his parents know his family, too.

    • meme 12/30/2010 at 9:00 pm Reply

      babyrain2504:
      EXCELLENT!!! explaination…that’s exactly right and a smart business move on Rains’ behalf. No matter how everyone feels about JYP (I personally like him) Rain knows JYP will watch over his business while he is away serving in the military. I think this would have been a good move even if Rain was not going into the military, Rain needs a better system backing him, he should have been alot bigger here in the US. I wish him well while he completes his military duty and look forward to him coming back BIGGER and STRONGER than ever!!!!!!

  10. babyrain2504 12/30/2010 at 6:37 am Reply

    I’m sorry, Rain said he wanted to focus on his singing and DANCING, not acting. TYPO XXX!!!!

  11. patrice 12/30/2010 at 10:09 pm Reply

    hmmm… comeon , well that JYp guy just changed the name to his name so he completely took over. Ive always thought he is a egomaniac…now this proves it. MBLAQ should leave on their own and find a manager. I feel sorry for them if they stay but Rain will be in the military so thats enough for us to deal with.

  12. Niki 12/31/2010 at 2:31 am Reply

    Hey guys, long time no talk! How is every one? ^_^

    I’m reading over this, and as I have worked in the industry for several years before, I have a few opinions on the merger…

    1. It’s really not confusing at all; Rain is a singer who’s persona is unfortunately owned by his public. His business is in trouble right now for various reasons. Park JinYoung is a businessman-this is a very strategic business move. See below…

    2. MBLAQ-I’m seeing suggestions that they move out on their own. Here’s where the strategy comes in: MBLAQ is under contract. First, they are in NO position to be successful on their own. As many of us have seen from the DBSK fiasco, it takes a major company to support popular artists. To release them from contractual obligation would also break the law. Given Rain/J.Tune run-ins with litigation, it would be better to avoid that. See below.

    3. Rain would be unwise not to tie up loose ends before going in to military service. He cannot be handling business while serving military duties…it would conflict with pay allowance in active duty. Basically, JYPE is acting as a holding company for Rain’s assets until military service is over. This is a major reason why his other litigations are being settled or thrown out; because Rain cannot have his name tied with the law before military service begins. See below.

    4. JYPE is simply acting as a holding company. It is also a mutual benefit, as Rain will still have capital gain upon ending his military service. Make no mistake, JYP is a SHREWD business man, not even a likable one! There’s no philosophical BFF nonsense going on…this is strictly business. JYP and Rain have just found a genius way to bump the system and still help him earn income AS Rain while serving active duty. JYP in the mean time is able to utilize MBLAQ’s success at the cusp of producing a sophomore album.

    Genius. I like it. It’s not confusing at all, just incredibly smart.

  13. kongsao 12/31/2010 at 3:30 am Reply

    @Niki
    hey u how r u been we have talk to u for the longer time it about time u telling me all this i am a bit confus and yet not liking but after reading your comment now that make more sene and i am hoping rain doing is a very sucer mind and safe his busness working and improve Mblaq as well we know that rain is going to served MS and he don”t wanted to loss his caompany nerther what going to happen either and waht u explain to me now i feel much better thank for clear this to me i know i belive in rain doing he have a smart move and think threwly but just JYP have alot thing going and not to mention what happen to 2pm before that why i a bitconcern but afterall he clreay for the other and yet u explain more detail know i see why rain doing this that is very smart for him yet his boy Mblaq he can benfit both way and yet give him more less peace of mind wjile he served MS thank u alot my dear
    I MISS U if u have please chat me MSN !!

  14. felisshi 12/31/2010 at 8:49 am Reply

    @Niki:
    That’s true. It’s like telling JYP to mind the store while he’s gone.

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