RBW Entertainment Agency Acquires DSP Media Primarily Due To NFTs

Entertainment company RBW has acquired DSP Media.

Reportedly, RBW is said to be spending about 9.32 billion won. This entails 10.08% of total assets and 29.54% of equity capital. RBW hopes to ultimately acquire over 51% of DSP Media’s shares.

In doing so, RBW will have management rights, incorporating it as a subsidiary. March 31 is the expected date of transfer.

CEO of RBW Kim Jin Woo said, “With this acquisition, we can prepare for new businesses related to the metaverse, such as NFT, using music IP, with both scale and speed. It is an important opportunity for RBW’s next-generation branding along with the 30-year history of DSP Media.”

Acquisition of DSP Media is the RBW agency’s first public M&A (mergers and acquisitions) investment. Now, RBW has officially begun its IP (full-fledged music intellectual property) and NFT (non-fungible token) business. With DSP Media, RBW’s IP business can utilize 1,000+ songs. This is more than just benefiting from copyright but making even more profit by selling NFTs.

Illustration of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin. | REUTERS & Dado Ruvic

Additionally, RBW intends to make a deal with DSP Media’s larger shareholder by signing a SPA (stock purchase agreement). DSP Media was originally founded by Daesung Enterprise in 1991 by the late CEO Lee Ho Yeon.

RBW is home to many popular K-Pop acts, including MAMAMOO, ONEUS, ONEWE, PURPLEKISS, and VRomance.

The entertainment company has several subsidiaries now. This includes RBW Japan, RBW Vietnam, Cloud R, All Right Music, WM Entertainment, and, now, DSP Media.