[ASKKPOP] CJ E&M acquires Jay Park's label AOMG

It seems thatJay Park's labelAOMGhas struck a sweet deal with media conglomerateCJ E&Mfor the new year! Through a press release, CJ E&M revealed on January 6 that they have acquired AOMG. 

As you already know, Jay Park, along withSimon D are the co-CEOs of the trendy hip hop label AOMG, which houses talents such asGRAY,LOCO,ELO,DJ Pumpkin,DJ Wegun,Hoody, andUgly Duck. 

CJ E&M's music sector presidentAhn Seok Joonstated, "So that AOMG will ultimately lead in not only hip hop music but also in lifestyle and grow as the trendiest label in the music market, we will do everything in our power including hiring those who are knowledgeable of the music industry and expand and develop the label using diverse business opportunities." 

From now on, AOMG will continue to independently produce their own music and oversee the operations of the label; however, by directly using the distribution, marketing, and global channels provided by CJ E&M, AOMG plans to bring their music to a more widespread, global audience. 

AOMG started off the year strong and we know the same will hold true for the rest of the year!