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| ▲ SBS CEO Bang Moon-shin shakes hands with MD Entertainment CEO Manoj Punjabi in this photo provided by SBS on July 1, 2025. (PHOTO NOT FOR SALE) (Yonhap) |
SBS-Indonesian firm
SBS partners with MD Entertainment to tap into Southeast Asian market
SEOUL, July 1 (Yonhap) -- SBS said Tuesday it has made a strategic US$20 million investment in leading Indonesian media firm MD Entertainment.
The deal was made through a new share issuance where SBS acquired rights from MD's largest shareholder at a discounted price, according to SBS.
The transaction was approved by Indonesia's financial regulators on Wednesday. Upon completion, SBS will hold a 3.8 percent ownership stake in the Jakarta-based company.
SBS said the move is a key part of its new growth strategy to bolster international partnerships and establish a crucial base in the Southeast Asian content market.
Established in 2002, MD Entertainment is one of Indonesia's largest media and production companies.
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