Zoop Music Entertainment

Zoop Music Entertainment Oyj (ZME) is a Finnish multinational music conglomerate, founded in 2020 by musician Jon Benjamin and entrepeneur Kasperi Salovaara, with support from Robert Stainton. It is a mini-major amongst the Big Three music companies.

All Class A shares in the company are owned by Salovaara Ventures Group, who is set to acquire Styhon Partners Entertainment soon.

Beginnings, Klangwunder (2015-2020)
Jon Benjamin and Kasperi Salovaara met in high school, when Benjamin was an exchange student coming all the way from his home country Brazil. While there, they formed a new wave/nu disco band Klangwunder and released music under their vanity label Klangwunder Produktion, through Kobalt Label Services and TuneCore.

After Benjamin returned to Brazil, they continued to communicate, with Salovaara continuing to make music, now in the hip hop genre under a fake persona Xentanyl, which was a satire of the rising trend of SoundCloud rappers. This project released music under another vanity label, Worldwide Illusions.

Both projects received great reception, with some mixed reviews of their songs, which allowed Salovaara to buy a new home and move in with Benjamin, converting the space to their new creative space, named the Dragon Heart Studio.

Founding
In 2020, Benjamin and Salovaara bought out several independent music publishing companies to form Zoop Music Oy, which would work as a music publisher for their songs, as well as an administrative publishing company for independent record labels and artists.

For the foundation, Salovaara approached fellow friend and investor Robert Stainton of Stainton Enterprises. They received USD$10 million, and with the money, Benjamin scouted talent and signed them to Zoop Music Oy's record label Neon Society, later rebranded to Zoop Records.

Acquisitions
In 2021, Zoop Music ended up spending USD$4.5 billion to purchase many music copmanies, including Redeye Worldwide, PIAS Worldwide, Concord Music, Beggars Group, Glassnote Entertainment Group and Secretly Label Group, which would expand Zoop's presence significantly, in terms of international reach, the popularity of its artists and also its catalogue size. All of the deals closed on the same day, July 6th, 2021.

Kasperi Salovaara had to sell all shares in numerous companies, worked in numerous temporary jobs and even took out a loan, to fund the acquisition process. Robert Stainton helped out by giving him USD$100 million, and in exchange, he received half a million shares.

Also that year, they purchased Rimas Entertainment to get them into the Latin music market, as well as sign some Korean pop acts into its new label group, Zoop Korea.

List of labels

 * This section is incomplete.

Zoop Label Group

 * Zoop Records
 * Tommy Boy Entertainment
 * Zoop Christian Music Group
 * 7Spin Music
 * ZME Label Services and Publishing Group
 * Redeye Worldwide
 * PIAS Worldwide
 * Stem Disintermedia
 * ZME Production Music
 * Epitome Music Library
 * West One Music Group
 * Zoop Latin Entertainment
 * Rimas Entertainment

Secretly Label Group

 * See Secretly Label Group 

Concord Music

 * See Concord Music

ZME International Group

 * Zoop Korea
 * CI Entertainment
 * Cube Entertainment
 * The B2M Entertainment library
 * CZ Artists (joint venture with CJ ENM)
 * CZ Productions (in-house music production wing)
 * Zoop Records Finland
 * Finsop Records