Comes invested in SM Entertainment (SM), a domestic entertainment company. To date, SM's shares acquired by Comes are 990,000 states, equivalent to 4.2% of the total stake. As a result, Comes has become the four largest shareholders of SM, following Lee Goodman, general producer (18.46%), National Pension Service (7.81%), and KB Asset Management (5.12%).
Comes said, We have invested this investment with the judgment that the current value of SM, Korea's leading cultural entertainment company, is relatively undervalued, and the growth value is high in the future. Like the White Knight, the shareholders' meeting did not invest for the purpose of voting rights in a specific direction, and the related matters were not determined at all.
Comes acquired the management rights of Fiji Wick Studio, which owns CG and VFX technology in August 2021, and invested 23 billion won in RBW, known as Mama mu's agency, and is striving to expand IP. In addition, Comes secured the management rights of artist Company with Lee Jungle and Jung Woo-sung in December 2021.
Through this strategic investment, Com2uS has another portfolio in the comprehensive content field that encompasses dramas and movies. It is also expected to collaborate with My Music Taste, which performs the world performances of SM, Fiji Wick Studio, Artist Company, and K-Pop Artists.
An official of Comes said, This investment was made from a neutral position because it was judged that SM's current stock value was higher than the current share price. We look forward to leading the future cultural industry by gathering strong global IP power and content and business know-how of each company.
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