Kakao Entertainment is buying StayC's label

[juhli.livejournal.com]

Kakao Entertainment has completed the acquisition of High Up Entertainment, home to STAYC, in May

They are now the largest shareholder in High Up, securing 40% of its shares

Source: https://t.co/poFeN71aKy pic.twitter.com/EMMKnwlvsJ

— The Seoul Story (@theseoulstory) June 10, 2021

source: thseoulstory, naver

STAYC are now under Kakao M along with IU, The Boyz, Weeekly, Apink, Victon, WJSN, Monsta X, CRAVITY, IZ*ONE's Ahn Yujin & Jang Wonyoung (x)

Comments

[aures.livejournal.com]

i hope BEP will still produce for them though, they are doing such a good job

[torontok.livejournal.com]

Manifesting a StayC and The Boyz collab.IDK what on earth it'll be but I want it.

Hopefully the added resources from the acquisition will help them grow and thrive more because they're one of my fave new rookies

[myungung.livejournal.com]

Never knew High Up was rather independent, always thought they had the backing of a big company, but I guess that means more budget for them. Hoping it'll be like Plan A or Starship where there's not much interference

[juhli.livejournal.com]

I checked, cj e&m had 51% of the shares at some point.