] CJ E&M
announced on Oct. 13 that its music platform and related businesses including Mnet.com will be spun off into a new company. The decision to set up the tentatively named CJ Digital Music will be put to the vote at the shareholders meeting scheduled for Oct. 28.
“The new company will strengthen the sales and platform businesses, and will focus on creating contents to increase efficiency,” the firm said.
By Choi He-suk (firstname.lastname@example.org