Kpop Top Manager Park Chung Min Joins HMVOD (8103.HK), Building Next Netflix
HONG KONG, March 23, 2022 /PRNewswire/ — About March 21, 2022HMVOD Limited (“Company”) announces the appointment of Mr. Park Chung Min, as Executive Director of the Company. Mr. Park, current CEO of Lionheart Entertainment CEO, is a South Korean lyricist, composer, producer and record executive. He is also one of the founding members and former CEO of CUBE Entertainment, the 5th largest K-Pop Entertainment company in Korea. By joining HMVOD, he is ready to replicate his success in Asia and go beyond.
Mr. Park’s passion for music started as soon as he became a K-Pop producer in 1997. In 2005, Mr. Park founded his own company Music Cube Inc., the first music publishing company in Korea . As one of the founding members of CUBE Entertainment Inc., Mr. Park joined the company as Director of Planning and Strategy in 2006, became Vice President in 2011 and finally as CEO in 2012. Mr. Park also played a major role in successfully listing CUBE Entertainment on KOSDAQ on April 9, 2015KOSDAQ: 182360.
Mr. Park has successfully trained popular artists including male soloist Rain, 4minute, Beast, 2am, BTOB, Hyuna, G.NA and CLC. Successfully released many hit songs such as Hot Issue, Crazy, Fiction, On Rainy Days, Missing you, Bubble Pop!, Black & White, Eighteen, etc. These songs have achieved a high success rate on major platforms such as YouTube, Apple Music, and Spotify.
In November 2021, Disney+ under The Walt Disney Co. (NYSE: DIS) officially launched in HK and expanded its expansion strategy by making more classic HK movies available on its platform. HMVOD always stands out in the market by being one step ahead of its competitors. HMVOD has long focused on obtaining licenses to make most, if not all, of the HK movies available on its platform. It is by far an OTT platform with the most HK movies available, including classic movies by Bruce Lee, Jackie Chan’sChow Yun-fat and by Stephen Chow movies.
Mr. Park’s appointment also highlighted HMVOD’s capabilities to be a market leader. The Korean film industry has played a key role, with hit films like My Sassy Girl, Train to Busan as well as Squid Game, capturing audiences around the world. The Korean film industry has continued to grow over the past decade. Korean films are highly regarded around the world and thrive in mainstream media instead of being a niche segment. Mr. Park was responsible for curating, analyzing market trends, discovering potential actors, artists, singers, and professional training with the platform. He is particularly strong in discovering, training, planning, managing, distributing records, promoting concerts and introducing artists internationally. Mr. Park will certainly replicate that success and push HMVOD forward to become the next Netflix in the world.
With audiences consuming more content at home through OTT devices, the onset of the COVID-19 pandemic has had a positive impact on the OTT landscape. This should accelerate the growth of this format. OTT companies active in the markets today include Netflix, Inc. (NASDAQ: NFLX), fuboTV Inc. (NYSE: FUBO), Roku, Inc. (NASDAQ: ROKU) and HMVOD (8103.HK). With the relatively high market value of Netflix, fuboTV, and Roku, it’s no surprise to see the market value of HMVOD doubling in the near future.