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Creative Industries

SM Entertainment taps Jang Cheol-hyuk as its new CEO to roll out SM 3.0 strategy

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South Korea's media and entertainment company SM Entertainment has appointed Jang Cheol-Hyuk as its new CEO, as a result of the acquisition of a 40% stake in the company by internet firm Kakao following a battle with competitor HYBE to control the company. J
Jang was previously CFO of SM Entertainment, a company he joined in 2022. Prior to SM, Jang spent 13 years working for KPMG and PwC, before joining Skin Food and Donga Tanker as CFO.

He will be in charge of implementing the...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

Creative Industries

Music deals — Week 42, 2025

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These are some of the main music deals announced in the past weeks:

Pat Metheny

Independent publisher and music asset management firm Primary Wave Music has signed a partnership agreement with guitarist, composer and bandleader Pat Metheny, in a deal that will cover Metheny’s music publishing catalogue as well as recordings. Terms of the agreement were not disclosed. Additionally, under the deal, Metheny will launch his own label – Uniquity Music – in partnership with Green Hill Music, which o...

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Creative Industries

Musical chairs — Week 42, 2025

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USA

The Mechanical Licensing Collective (The MLC) has held its Annual Membership Meeting on October 1. During the meeting, several changes to the organisation’s Board of Directors were approved. The MLC’s Class A Members re-selected Kara DioGuardi to serve another three-year term as a Songwriter Director of the Board. The MLC’s Class B Members re-elected Tim Cohan of peermusic to serve another term as a Publisher Director and elected Lidi...

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Creative Industries

Quotes of the week — Week 42, 2025

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“We’re confident that AI is going to help us and help our creative partners tell stories better, faster and in new ways — we’re all in on that. We’re not worried about AI replacing creativity."By Ted Sarandos, co-CEO of Netflix, in a call with analysts.
"I might be too pessimistic, but $500B for this company doesn't make any sense. Its future depends on cash inflows due to the current market enthusiasm, but nobody can guarantee that it will last for another 4-5 years. And even if it were, the bu...

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