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Company type | Privately held company |
---|---|
Industry | Media |
Founded | June 8, 2014 |
Founder | Winston Utomo (CEO), William Utomo (COO) |
Headquarters | Menara Global 3rd floor, Jalan Jenderal Gatot Subroto Kav. 27, Kuningan Timur, Setiabudi, South Jakarta 12950, Jakarta, Indonesia |
Area served | Indonesia |
Website | www |
IDN Media is a media platform company for millennials and generation Z in Indonesia.[1]
The company was founded on 8 June 2014, in Surabaya, East Java and based in Jakarta, by two brothers Winston Utomo[2] and William Utomo.[3]
IDN Media operates five main business lines, namely digital media, live streaming, entertainment, commercial and creator economy.[4]
IDN Media has seven website-based digital media with different reader segments, as follows:[5][6][7][8]
IDN Media has a commercial business line that supports company businesses in the digital sector. This line consists of:[22][23]
Main article: IDN Pictures |
In 2020, IDN Media began to enter the entertainment industry by acquiring Demi Istri Production, which is a film company owned by Fajar Nugros (as director) and Susanti Dewi (as producer), and changed its name to IDN Pictures.[24][25][26][27]
Main article: JKT48 |
Apart from the film, IDN Media has also begun to enter the music industry, when the company acquired the Indonesia-Japanese idol group JKT48 from Dentsu Inter Admark Media Group Indonesia on 7 April 2022,[28] because the group has entered the NEW ERA (New Era) formation era since 8 January 2022. On 27 June 2022, JKT48 officially became part of IDN Media, which was mediated by Reisman Sabaru & Partners Strategic (RSPS), a law firm based in Jakarta, with the group's new company name being PT Indonesia Musik Nusantara[29] and under license from Vernalossom Co. Ltd. (via Superball Inc.) from Japan .[30]
On 6 October 2023, IDN Media has inaugurated the new JKT48 office which is located on the 3rd floor of the Global Tower, South Jakarta , DKI Jakarta. The new office is a move from a rented luxury house in Jakarta, to be used as an office and special training place for JKT48. Although the distance between fX Sudirman (via the JKT48 Theater located on the 4th floor) and Global Tower (via the new JKT48 office located on the 3rd floor) is around 3 km.[31][32][33][34][35][36]
Main article: Boss Creator |
Boss Creator is a music and festival company in Indonesia. Joining IDN Media on 17 October 2023, Boss Creator is now integrated into the IDN Media ecosystem.[37] One of Boss Creator's flagship events is Pestapora, a music festival held in Indonesia. Pestapora 2023, which took place between 22 and 24 September 2023) has achieved ticket sales of around 120,000 tickets, featuring 224 musicians (including JKT48 ).[38]
Main article: Indonesia Creator Economy |
Indonesia Creator Economy is an agency company in the influencer marketing sector which was launched in 2022. Previously, ICE was called IDN Creator Network, which is a creator platform in Indonesia. ICE is a creator agency owned by IDN Media. There are five services provided by ICE, namely content creator marketing, content creator trading, content creator representation, financial technology solutions, and brand & product development.[39][40][41]
Main article: MORF |
MORF is a talent management agency with a focus on developing talents to become content creators. MORF was founded by Deddy Corbuzier and joined the IDN Media ecosystem on 8 September 2023.[42]
Since its founding, IDN Media has received five series of funding, the latest being Series D funding. IDN Media, which at that time was still known as IDN Times, received its first seed investment funding on 7 September 2015, from East Ventures.[43] The following year, on 5 September 2016, IDN Media obtained Series A funding from ff Venture Capital and several other investors, such as GDP Venture (Djarum Group), East Ventures, and MNM Creative.[44]
On 21 November 2017, IDN Media received Series B funding from East Ventures and Central Exchange (from Hong Kong).[45][46] On 8 January 2019, IDN Media obtained Series C funding from EV Growth, a venture company which is a combination of East Ventures, Sinar Mas, and Yahoo! Japan, True Digital (part of the Thai conglomerate Charoen Pokphand), and LINE Venture.[47][48]
On 6 June 2022, IDN Media received Series D funding from Mayapada and KMIF (an investment company from several large Indonesian conglomerate groups). Other investors are East Ventures, OCBC NISP Ventura, Dentsu Group, and V Media Ventures.[49]