NEW YORK and SEOUL, South Korea, Sept 3 (Bernama-GLOBE NEWSWIRE) — K Wave Media (NASDAQ: KWM), a publicly traded media & entertainment company with a Bitcoin treasury, today announced its first acquisition since its NASDAQ listing—an exciting strategic move that accelerates its growth strategy and expands its core capacities. The acquisition is expected to bolster KWM’s creative portfolio, enhance content distribution reach, and reinforce financial discipline through the tied-share issuance mechanism.
Target recorded $10.7 million revenue in 2024 with compound annual growth rate of 22% during 2020-2024 and 12-19% EBIT during 2020-2024. KWM’s revenue in 2024 was $58 million. With this acquisition, KWM’s revenues are expected to rise 25-30% over the next 12 months while adding VFX (Visual Effects), AI-powered advertising, and 3D content creating capacity to its content production with some of the world’s most recognized names as new clients — including a 14 year relationship with Samsung Electronics, and others including LG Electronics, TCL, and Hisense.