Financial News
KY Ent signs partnership with Samsung Electronics to bring K-POP karaoke to Smart TVs
KY Entertainment, the leading Karaoke equipment & instrumental song supplier with 60% market share in South Korea market, is teaming up with Samsung Electronics to launch the world’s first ‘K-POP Keumyoung Karaoke App Service’ on Samsung Smart TVs. Considering the global popularity of K-pop and the fact that people spend more time at home due to the COVID-19 pandemic, an exclusive app will be developed. The Karaoke app, which is subscription based like Netflix, will launch not only in South Korea, but also in the United States, Canada, and 10 European countries in the upcoming year.
KY Entertainment’s sales executive commented, “We signed a contract with the Korea Music Copyright Association last month to resolve the copyright of music sources for the app service, and recently signed a service supply contract with Samsung Electronics to start full-scale development” and also said, “since COVID-19 has increased the demand for home entertainment significantly in North America, and Europe and anywhere lockdown was strictly implemented, which K-POP Keumyoung karaoke app service can be suitable contents for the contact-free era of upcoming generation.”
KY Entertainment will provide a streaming service for overseas residents and foreign K-POP fans to stream more than 50,000 instrumental songs created from latest K-POP charts, all time favorite songs, and billboards 100 charts. Additionally, KY Entertainment’s patented ‘lyric reading audio source’ will help K-POP fans who do not know Korean to read the lyrics and sing along.
The app subscription will be available to both newly released and existing Samsung Smart TVs.
KY Entertainment is also strengthening its “Home Karaoke Service ” through “KT Giga Genie, by KT, the industry leading ISP”
“We hope that this K-POP KY karaoke service of Samsung Smart TV will contribute to the expansion of Hallyu (Korean Wave) content through songs and the expansion of the competitiveness of Samsung Smart TV,” CEO of KY Entertainment, “we will spur the global music content platform business by expanding various home entertainment services, starting with Samsung Smart TV, and present a new alternative platform to the music content market through pivot management.”
Media Contact
Company Name: KY
Contact Person: Ethan Ki
Email: Send Email
Country: South Korea
Website: https://www.kyentertainment.kr/
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