People are busy, time always flies very quickly, and before you know it, it is already the middle of January.

Duration. The cooperation between W and KT has finally been agreed.

The first is the exchange of shares between the two parties. W Films & Entertainment holds a 2.5% stake in KT worth about $120 million, while KT holds a 1.6% stake in .W Films & Entertainment for about $90 million.

And then. W Group also took a stake in Genie Music, holding 15.35% of the shares, becoming the second shareholder.

Here's a little bit of Genie music.

In 2007, KT acquired the music division of BlueCord Technology, which became independent and changed its name to KTF Music.

In 2009, KTF Music was reorganized into KTMusic due to a reorganization with the related departments of its parent company, KT Corporation.

In 2010, seven companies, including YG, JYPE, StarEmpire, CJMedialine, Ken and MusicFactory, jointly established a company called KoreaMusicPower, which is committed to integrating the resources of YG, JYP and other companies to adapt to the development of technology, and invest in new concept music services, radio program production, digital music distribution and other fields.

At the time, many people thought that this company was created to challenge the duopoly of CJEM and LOEN Entertainment in music distribution.

Then, in November 2012, KoreaMusicPower collapsed, no, it was acquired by KT and merged into KTMusic in 2013.

After that, KTMusic accepted LGU+ investment and officially changed its name to "Genie Music" in March 2017.

This is where Genie music comes from, and Genie is second only to Melon.

SK Telecom, KT and LGU+ are the three largest telecom operators in South Korea, which means that Genie Music is the platform where the second and third players join forces to fight against the boss. In fact, KT and LGU+ have cooperated in many fields, such as home Internet of Things, AI music services, etc.

However, LOEN was later acquired by .W, and now SK Telecom wants to make a comeback, but KT is not willing to do so.

Although Melon is Genie's biggest competitor, music is not KT's main business after all, and SK Telecom is a life-and-death rival. In order to compete with SK Telecom, KT didn't mind giving the music part to .W, but .W couldn't completely fall to them, and the negotiations proved this, so they had to cooperate in this way.

. After W Group became a shareholder, the three major shareholders of Genie Music were KT 35.97% and . W15.35%、LGU+12.70%。

. It's not that W doesn't want to become a major shareholder, but KT won't agree, and even if it wins, the price will be very high, and there is a possibility that it will be blocked by the government. For this purpose, I also deliberately use . W Group holds a stake, not .W Film and Television Entertainment, although it wants to cover up.

At present, Melon occupies 45.3% of the market share with more than 4.2 million users, so so many music programs and award ceremonies use Melon's data as a reference. Genie has a 22.9% market share with more than 2.1 million users, and if it is acquired, the music source market will be almost complete. W's word, even if there is no way to stop it, the government departments above and the brokerage companies below will find ways to toss new competitors, but it is better to maintain this model.

After a storm,. W Film and Television Entertainment's control over the music industry has not decreased, but has become stronger!

The battle with SK Telecom was also thunderous and rainy, and .W did not really fall to KT, and after a series of frictions and consultations, there was also more cooperation with SK Telecom.

It's good to enjoy the shade with your back against a big tree.

If. W Film and Television Entertainment does not have the group behind it to rely on, so naturally he can only obediently choose to stand in line, but now both families are coaxing him.

As early as the situation became clear, it was no longer on the sidelines and resumed the previous cooperation.

The company would like to deepen some cooperation. W refused.

......

It's another cold afternoon.

Park Ji-hoon finally came out of the study.

In the living room, Taeyeon is watching TV with Seo Hyun and Kim Ha-yeon.

During this time, Yoo-ri, Yoon-a, and Seo-hyun have been taking turns taking care of Taeyeon during the day. I know that Park Ji-hoon is busy, and Park Min-ah is also going to the company, although it is okay to ask a nanny, but the situation at home does not want outsiders to know, but it is Kim's mother who came for two days, and then changed to Kim Ha-yeon.

Actually, Taeyeon herself is fine, if she goes to the bathroom and shouts Park Ji-hoon, it would be fine, but Yoona and the three of them still decided to take turns to accompany her. In addition to taking care, you can also talk or something.

Jin Xiayan is the same, in fact, there is nothing to do, just come over to play.

"OPPA!" Taeyeon suddenly beckoned to him when she saw him come out, motioning for him to come over.

"What's wrong?" Park Ji-hoon said, walking closer.

"Ahh

After Park Ji-hoon was stunned, he pursed his lips and asked strangely, "What did you eat?"

The taste is a little weird.

"I didn't eat anything!" Taeyeon looked innocent.

"Wyrd's own sister!" Kim Ha-yeon complained with a smile.

Yoon Hee-jin sometimes takes Wyrd out with her, and sometimes leaves Wyrd at home.

"Ahh

"Vomit—" Park Ji-hoon retched, rubbing one hand on Taeyeon's little brain until all her hair was messed up.

After stopping, he turned around and glanced around, and suddenly locked on the sofa without saying a word Xu Xian.

Under the influence of his ears and eyes, the little guy has already learned to be clever, and knows that he should try his best to hide his presence at this time, but he didn't expect to be targeted.

With a roll of his eyes, Xu Hyun suddenly leaned towards Jin Xiayan's side again.

Although Kim Ha-yeon probably guessed the complicated relationship between them, it was just a guess, and Park Ji-hoon definitely didn't dare to do something openly in front of her.

Sure enough, Park Ji-hoon withdrew his gaze without a trace, turned around and said, "I'll go brush my teeth." ”

"It's a shame that Wyrd is so close to you!" Taeyeon wrinkled slightly, hugging Wyrd.

"I want to eat, and I always feel a taste in my mouth without brushing my teeth, and my heart is awkward!" Park Ji-hoon glared at her.

It's okay it's just a mild obsessive-compulsive disorder.

After brushing his teeth and returning to the living room, Xu Xian had already helped him get some of the usual pastries, and leaving someone at home was also to take care of him.

The consumption of mental work is also very large, not to mention that he has never put down fitness, and he is often hungry in the afternoon, so Park Minya asked the kitchen to help him prepare some pastries every day, mainly some cold food and convenient hot food, braised meat, braised eggs, couplings, etc.

He doesn't like snacks like cakes and cookies.

When he was ready, Seo Hyun sat back in his place impatiently and continued to stare at the TV.

Taeyeon is inconvenient to move, during this time, in addition to playing games, sleeping or watching TV, Seo Hyun and the others also followed, I don't know how many film and television dramas she watched.

As we all know, TV series are afraid to chase after it, and once you watch it, it is easy to become addicted.

What they are chasing in the past two days is the American drama "The Good Doctor".

This is a medical-themed TV series, the protagonist is a young surgeon with scholar syndrome, which aired on ABC TV in the United States on September 25, 2017, and the rights were bought by .W.

After watching one episode, I became addicted.

Taeyeon and Kim Ha-yeon are also watching.

Park Ji-hoon could only sit at the coffee table by himself and eat silently, as if he knew that he was ashamed of him, and Seo Hyun specially brought him a bottle of wine.

Pour your own drink.