J. Tune Entertainment
 | |
| Private Company | |
| Industry | Popular music |
| Genre | K-pop, hip hop, dance, pop, teen pop, R&B |
| Fate | Merged with JYP Entertainment |
| Founded | November 2007 |
| Founder | Rain |
| Defunct | November 2013 |
| Headquarters | Seoul, South Korea |
Number of locations | 1 |
Key people | Rain |
Production output | Music albums |
| Services | Entertainment agency |
| Parent | JYP Entertainment |
| Subsidiaries | J. Tune Camp |
| Website | Official Website |
J. Tune Entertainment (formerly known as Rainy Entertainment) is a Korean music record label, founded in November 2007 by Rain. It was a subsidiary of JYP Entertainment.
The label was fully merged into JYP Entertainment in November 2013.
History
In November 2007, Rain told the Korean media that he has left JYP Entertainment and started his own entertainment company, J. Tune Entertainment (formerly known as Rainy Entertainment). He was scheduled to be CEO of the company, but told the media that he still kept in touch with his mentor and long-time trainer Park Jin-young.
In May 2008, Yeon Jung-hoon signed with J.Tune Entertainment after his military discharge.[1]
In 2009, J. Tune Entertainment had a female trainee who was claimed by the Korean media to be the female version of Rain. The unknown female was dismissed by the company for unspecified reasons.
In July 2010, Rain reportedly sold his shares of J. Tune Entertainment to his mentor Park Jin-Young.
In December 2010, Park Jin-Young announced that J. Tune Entertainment would be merged with JYP Entertainment.[2] JYP Entertainment become the largest shareholder in J. Tune Entertainment and it is viewed as a strategic alliance between the two companies.[3]
In 2011, Rain announced that he will be enlisted in the army.
In June 2011, Yung Jung Hoon left J. Tune Entertainment to sign a contract with DBM Entertainment, joining the same company as long-time friend and fellow actress Lee Da-hae.[4]
In May 2013, it was announced that Rain will be joining Cube Entertainment after he is discharged from his military service in July 2013.
J. Tune Entertainment and JYP Entertainment's fusion
On December 27, 2010, JYP Entertainment announced, ‘JYP Entertainment and its employees have become the biggest shareholder of J.Tune Entertainment via third party shares allotment.‘
JYPE continued, ‘Some time ago, J.Tune’s talent Rain approached JYPE producer Park Jin Young with a proposal. Until he joins the army next year, Rain will focus solely on his singing and acting activities. Also, he proposed that JYPE be in charge of his company’s management.‘
Both sides revealed, ‘JYPE’s shareholders had the same suggestion as Rain’s, and the proposal accepted after a review.’
JYPE expressed, ‘In the future, Rain will be able to freely and actively promote himself with the best support behind him. In the last three years, Rain has gained a lot of experience, which would create a strong and positive synergy between both.’
Subsidiaries
J. Tune Camp
Formed in 2009, it manages MBLAQ and MADTOWN. J. Tune Camp became an independent label not affiliated with JYP Entertainment after J. Tune Entertainment became defunct in November 2013.
Former Artists
Embezzlement Lawsuit
In April 2010, a fabric manufacturing company filed a lawsuit against Rain and his agency J.Tune Entertainment, saying that they had suffered financial losses due to J.Tune's fashion affiliate J.Tune Creative. The plaintiff claimed that the company had an investment of two billion won, but Rain and other shareholders of J.Tune Creative embezzled their money by falsely registering the company's stock assets worth 2.5 billion won and claiming the 2.2 billion won total fee for Rain's modeling work were unreasonable.
In December 2010, prosecutors ruled that they found the fabric company's accusation on J.Tune Creative falsely registering the company's stock assets as fake, and that Rain's modeling fees of 2.2 billion during three years was not excessive. However, prosecutors indicted two officials at J.Tune for embezzling 900 million won of the firm's money used to acquire a larger stake in the agency.[5]
References
- ↑ Yung Jung Hoon
- ↑ J. Tune Entertainment merges with JYP Entertainment access date: 2011-01-03
- ↑ Joongang Daily JYP Entertainment becomes J. Tune’s biggest shareholder 30 December 2010. Retrieved 2011-10-22
- ↑ Yeon Jeong Hoon to leave
- ↑ Charges cleared
External links
- J. Tune Entertainment - Official Website
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