Naver Catching Global Fanship By Investing 100 billion won in SM Entertainment-NSP NEWS

Naver, Catching ‘Global Fanship’ By Investing 100 billion won in SM Entertainment

NSP NEWS, By soon ki Lee Journali

Published August 3, 2020 a 8:11 pm Published August 3, 2020 a 8:11 pm END7, Read 0

#Naver #100billion #SMEntertainment

(Seoul=NSP News Agency) soon ki Lee Journalist = Naver invests a total of 100 billion won in affiliates of SM Entertainment.

This is to strengthen the capabilities of ‘Fanship’, the global community membership platform of V Live, and to expand the next-generation video business.

In order to expand the global market of V Live Fanship, Naver invests in SM Entertainment’s subsidiaries, ▲SMEJ Plus and ▲Mystic Story, at every level and collaborates with SM Entertainment to create a next-generation digital video content production fund.
Based on this investment, Naver expects to further enhance its competitiveness in discovering and producing digital contents such as performances, music, and videos, and to show various synergies between entertainment content platforms such as Naver V Live and NOW and global artists.

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SM Entertainment will further strengthen the capabilities of its global membership platform by unifying the fan club service, which it has been operating, into “Fanship” of Naver V Live.

SM Entertainment will further strengthen the capabilities of its global membership platform by unifying its fan club service, which it has been operating, into "Fanship" of Naver V Live.