RBW (RBW), a comprehensive content company, has signed a large-scale content distribution contract worth 100 billion won for five years with Kakao Entertainment (hereinafter referred to as Kakao Entertainment).
RBW announced on April 2 that it has signed a five-year music and content distribution contract worth 80 billion won (100 billion won including WM Entertainment) with Kakao Entertainment.
RBW will use the majority of the contract proceeds to fund the company's future growth. In particular, the company plans to invest large amounts of money in marketing to increase its artist and content production capabilities and expand its artists' overseas expansion.
Kakao Entertainment supplies promising music and content discovered and produced by RBW to the world through a number of distribution platforms.
"With the signing of this contract with Kakao Enter, which has excellent music and content distribution capabilities, we expect RBW to strengthen its influence in the domestic and overseas content markets. We will continue to invest heavily in discovering new artists and strengthening the content production capabilities of the artists we have already launched."
