avex and YG Entertainment form YGEX
 

YG Entertainment and avex announce the creation of ‘YGEX’!

Yesterday, news broke that YG Entertainment artists, Se7en, Gummy, Big Bang, and 2NE1 were all headed to Japan for “an important announcement”.

At approximately 3:30PM (JST) on July 21st, a live Ustream began for this major announcement. The event was jointly hosted by avex and YG Entertainment, which is surprising since Big Bang and Se7en were signed with other Japanese record labels.

After a brief introduction of the YGE artists, it was announced that Avex and YG Entertainment would be collaborating to form a new company called ‘YGEX Entertainment‘.

As this is a new company, how exactly promotions and releases will be handled is unclear. However, we do know that YG and avex intend to work hand-in-hand as a new entity, and bring the music industries of Korea and Japan closer together.

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[UPDATE]

At the conclusion of the press conference, viewers were provided the new label’s website address, www.ygex.jp. The site describes YGEX :

The birth of a record label dedicated exclusively to YG Family!

The name is “YGEX”, attributing to the collaboration of YG FAMILY “YG” with AVEX “EX”.
“EX” also inspired by words like “EXPERIENCE” and “EXCLUSIVE”, carries connotations of it being the one and only label you can experience YG FAMILY.

The collaboration between YG, not bound to just Asia now spreading as a worldwide trend “YG POP”, and AVEX who has always innovated and led the Japanese music scene, is definitely a match up bound to create a new and unpredictable form of entertainment.

In addition, the artist relayed their upcoming activities. Se7en and Gummy announced plans to release new mini-albums this year. Taeyang told reporters he was working on a new solo album. There was also mention of additional YG Family Concerts in Japan and Korea in honor of YGE’s 15th anniversary.

Source: allkpop

I think this is awesome. Korean and Japanese music come together.

Mmmm this is some amazing news!

That's awesome !! Jpop and Kpop joining forces :heart

Big Bang's Japanese label is Universal Music Japan though right ? Does that mean they're leaving ?

^I think so. Probably when their contract is up :) They were at the press conference. And SE7EN too :)

this is totally so surprising!
YGEX is really something..
awesome news!
YG family rocks!
specially 2NE1 and Big Bang!

I didn't see this coming at all!
Awesome! avex x YG

So does that mean SM x avex is no longer best buddies? :P

Haha wow! Didn't see this coming...I would expected Avex to team up with SM instead...but then they would be SMEX :laugh

THIS IS REALLY BIG NEWS :) and im glad for it
CANT WAIT FOR SE7EN'S AND GUMMY'S COMEBACKS!

:roflmao

That's surprising and big news!
Bringing JPop and KPop closer together - I love that!

OMG! I thought that too! XD

There was a "team avex - SM" before... But since the TVXQ issue all SME acts are under Universal Japan except BoA (and Super Junior I think).

So I guess YGEX will be an Avex sub-label like Rhythm Zone or Cutting Edge?

It's kind of odd for Avex to make this kind of deal with another record label. I hope it doesn't affect their relationship with SM regarding BoA. :S

hell yeah. It's surprising! :laugh

@pom : lol SMEX :roflmao

I guess it'll be awesome, Avex as the biggest company in J-Pop and YG as one of the three giant companies in K-Pop~ and eventhough I'm a huge, HUGE fan of SM artists, I always think YG have better musical style sooooo :3

ayu meet Taeyang (BIGBANG) !!! Horaaay!!! :D

It's really exciting news, it's gonna work out perfectly :heart