Spackman takes majority stake in Korean talent management firm UAA

Published Thu, Jan 1, 2015 · 11:49 PM

KOREAN media company Spackman Entertainment Group said on Friday it has acquired a majority stake in UAA Korea Co, a Korean talent management company that manages artistes such as Song Hye-kyo.

Its wholly owned subsidiary, Spackman Entertainment Group (HK) Limited, had on Dec 31, 2014, exercised its convertible notes of UAA for US$2 million, giving it a 51.36 per cent stake in UAA.

This follows UAA's merger with United Pictures Co, a film presenter and distributor in Korea.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes