CJ ENM and Mega Coffee to Co-Host K-Pop Concert in May
Signing business agreement... combining entertainment capabilities and nationwide distribution network
Focus on "bridging the cultural gap" by inviting marginalized groups
CJ ENM will join hands with MGC Global, the operator of Mega MGC Coffee, to hold a large-scale K-pop concert this May. It is an unusual collaboration between an entertainment company with strong content production capabilities and a food and beverage company with a nationwide distribution network.
On February 12, CJ ENM signed a business agreement for a strategic partnership with MGC Global at the CJ ENM Center in Sangam-dong, Mapo-gu, Seoul. The first goal of the partnership is the tentatively titled "M Countdown X Mega Concert." The idea is to create synergy by combining CJ ENM's concert planning capabilities with the accessibility of Mega Coffee, which has more than 4,200 franchise locations nationwide. Going beyond a simple commercial event, the companies plan to focus on creating social value, for example by inviting culturally marginalized groups to lower barriers to attendance.
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Yoon Sanghyun, CEO of CJ ENM, said, "This is a combination of content capabilities and offline infrastructure," adding, "We will offer a new K-pop experience to those who have had limited access to culture." Kim Daeyoung, Chairman of MGC Global, said, "We will continue to promote diverse cultural activities that resonate with customers and society."
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