IDN (company) explained

PT Media Putra Nusantara
Type:Corporate group
Trading Name:IDN
Former Name:IDN Media (2014—2024)
Industry:Mass media
Live streaming
Entertainment
Creative class
Research institute
Founded: (as Indonesian Times)
2016 (as IDN Media)
(as IDN)
Founder:Winston Utomo (CEO), William Utomo (COO)
Hq Location:Menara Global 3rd floor, Jalan Jenderal Gatot Subroto Kav. 27, Kuningan Timur, Setiabudi, South Jakarta 12950
Hq Location City:Jakarta, Indonesia
Area Served:Indonesia
Subsid:see list

PT Media Putra Nusantara or better known as IDN (abbreviation of Indonesia, previously named IDN Media) is a group of companies operating in the multifaceted consumer technology sector in Indonesia.[1] [2]

History

Established on June 8, 2014, in Surabaya, East Java, by brothers Winston Utomo and William Utomo, with its main office in Jakarta. In 2015, just a year after its establishment, the company attracted investors and secured seed funding round led by East Ventures.[3] [4]

On 8 June 2024, marking ten years of innovation and growth, IDN Media, which was initially a media company, underwent a comprehensive rebranding and transformation into a multifaceted consumer technology enterprise, now known as IDN.

Business units

IDN operates five main business lines, namely live streaming, creator economy, entertainment, digital media and others.[5]

Live streaming

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.[11] [12] [13]

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.[14]

Entertainment

Film

See 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.[15] [16] [17] [18]

Music

See 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,[19] because the group has entered the 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[20] and under license from Vernalossom Co. Ltd. (via Superball Inc.) from Japan .[21]

On 6 October 2023, IDN Media has inaugurated the new JKT48 office which is located on the 3rd floor of the Menara Global, South Jakarta, 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 Menara Global (via the new JKT48 office located on the 3rd floor) is around 3 km.[22] [23] [24] [25] [26] [27]

Music and festival

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.[28] 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).[29]

Digital media

IDN has 9 digital media, both website-based with different reader segments and commercial business lines that support the company's business in the digital sector, consisting of:[30] [31] [32] [33] [34] [35]

Others

Ceased operation

Funding

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.[44] 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.[45]

On 21 November 2017, IDN Media received Series B funding from East Ventures and Central Exchange (from Hong Kong).[46] [47] 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.[48] [49]

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.[50]

Notes and References

  1. Web site: Veseling . Brian . 23 August 2023 . IDN Media: 'Our vision is to create a one-stop platform for the young generation of Indonesia' . 2024-01-03 . WAN-IFRA . en-US.
  2. Web site: Ferina Giovanca Hotnauli . 8 June 2024 . Satu Dekade IDN Membangun Indonesia . 9 June 2024 . IDN . id.
  3. Web site: IDN Media . About Us IDN Media . 2023-11-16 . Idnmedia . id.
  4. Web site: Keisengan Winston Utomo Lahirkan Media Daring Terhits untuk Generasi Y dan Z . 20 September 2022 . kumparan . id-ID.
  5. Web site: 6 June 2022 . Mayapada Group Suntik IDN Media – Startup Katadata.co.id . 20 September 2022 . katadata.co.id . id.
  6. Web site: Dorong Pertumbuhan Pengguna, IDN Media Luncurkan Aplikasi Baru . 20 September 2022 . dailysocial.id . id.
  7. Yenny Yusra (2020-06-19). "Dorong Pertumbuhan Pengguna, IDN Media Luncurkan Aplikasi Baru". dailysocial.id (in Indonesian). Retrieved 2023-09-25.
  8. Web site: Bigetron Esports Resmi Jadi Bagian dari Keluarga IDN Live! . 2024-03-04 . GGWP.ID . id-ID.
  9. Web site: JKT 48 Makin Dekat dengan Penggemar Lewat Platform Live Streaming IDN Live . 2024-03-04 . www.jpnn.com . id.
  10. Web site: IDN Media Resmi Umumkan Akuisisinya Terhadap Saweria DailySocial.id . 2023-09-11 . dailysocial.id . id.
  11. Web site: IDN Media Resmi Luncurkan ICE, Platform Kreator Terdepan di Indonesia . 2023-02-24 . Warta Ekonomi . id.
  12. Web site: Marketeers . 9 February 2022 . Lewat Indonesia Creators Economy, IDN Media Hadirkan Platform Kreator . 2023-02-24 . www.marketeers.com . id.
  13. Web site: How Indonesia Creators Economy (ICE) is evolving to its full potential . 2023-02-24 . The Jakarta Post . en.
  14. Web site: Tech in Asia Indonesia – Menghubungkan Ekosistem Startup Indonesia . 2023-09-11 . id.techinasia.com . en-US.
  15. Web site: The Jakarta Post Team . IDN Media acquires Demi Istri Production, launches IDN Pictures . 20 September 2022 . The Jakarta Post . en.
  16. Web site: Akuisisi Demi Istri Production, IDN Media Luncurkan IDN Pictures . 3 January 2022 . . id.
  17. Web site: Grahanusa Mediatama . 12 May 2022 . Akuisisi Demi Istri Production, IDN Media bersiap garap platform film digital . 3 January 2022 . kontan.co.id . id.
  18. Web site: Luncurkan IDN Pictures, IDN Media Resmi Akuisisi Rumah Produksi 'Demi Istri Production' Dailysocial . 3 January 2022 . dailysocial.id . id.
  19. Web site: The Dentsu Group Invests in IDN Media, a Media Platform Company for Millennials and Generation Z in Indonesia . 7 December 2022 . Dentsu Group Inc. . en.
  20. Web site: 48TIME . 27 June 2022 . IDN Media welcomes JKT48 as part of its media group. . 6 September 2023 . en . Instagram.
  21. Web site: Haris R N . 2 April 2023 . Vernalossom, Agensi AKB48 Grup Overseas Kini Pindahkan Bisnis kepada Superball Inc. . 4 May 2023 . OverseasIdol.com.
  22. Web site: JKT48 Fanbase Madiun . 6 October 2023 . [INFO] JKT48 Theater tidak pindah ke Menara |url=https://web.facebook.com/JKT48Madiun/posts/pfbid02MWrhgD8tS4tuEQEo3DN7CojSy8Bag7kbadR8qsxTijEaxApyRGWSJYsw9cHBn13kl |archive-url=https://web.archive.org/web/20231009173942/https://www.facebook.com/JKT48Madiun/posts/pfbid02MWrhgD8tS4tuEQEo3DN7CojSy8Bag7kbadR8qsxTijEaxApyRGWSJYsw9cHBn13kl?_rdc=1&_rdr |archive-date=2023-10-09 |access-date=8 October 2023 |language=id |via=Facebook |url-status=live.
  23. Web site: JKT48 Fanbase Madiun . 6 October 2023 . [INFO] Fasilitas JKT48 di IDN Media HQ |url=https://web.facebook.com/JKT48Madiun/posts/pfbid02D5vaJ6pyxtB4Kz2Mz4LMVnHHQJdMH6x4yLy9vJKxoDQuioc3sCSpmcxUdUxF27KQl |archive-url=https://web.archive.org/web/20231009174009/https://www.facebook.com/JKT48Madiun/posts/pfbid02D5vaJ6pyxtB4Kz2Mz4LMVnHHQJdMH6x4yLy9vJKxoDQuioc3sCSpmcxUdUxF27KQl?_rdc=1&_rdr |archive-date=2023-10-09 |access-date=8 October 2023 |language=id |via=Facebook |url-status=live.
  24. Web site: Winston Utomo . 6 October 2023 . Welcoming JKT48 to IDN Media HQ . 7 October 2023 . en . Instagram.
  25. Web site: Es Krim Ngidol . 6 October 2023 . HQ adalah singkatan dari headquarter dan untuk HO merupakan singkatan dari head office, kedua istilah ini merupakan istilah dalam dunia… . 7 October 2023 . id . Instagram.
  26. Web site: Jeketian . 6 October 2023 . IDN Media & JKT48 . 7 October 2023 . id . Instagram.
  27. Web site: JKT48 INFORMATION . 7 October 2023 . IDN Times has just inaugurated the new headquarters to support JKT48 activities! . 7 October 2023 . en . Instagram.
  28. Web site: Randi Eka . 17 October 2023 . IDN Media Kembali Lakukan Akuisisi, Kali Ini Caplok Boss Creator . 19 October 2023 . DailySocial.id . id.
  29. Web site: Mecca Medina . 25 September 2023 . Pestapora 2023 Sukses Diselenggarakan Selama 3 Hari . 19 October 2023 . . id.
  30. Web site: Tim BeritaJogja . 16 July 2019 . Sejarah Berdirinya IDN Media, Mula dari Idntimes.com Hingga Popbela . 20 September 2022 . BeritaJogja.id . id.
  31. Web site: Grahanusa Mediatama . 8 January 2019 . Raup pendanaan seri C, IDN Media siap berekspansi . 20 September 2022 . kontan.co.id . id.
  32. Web site: 16 July 2019 . IDN Media terjun ke dunia esports dengan mengakuisisi GGWP.ID ONE Esports Indonesia . 20 September 2022 . www.oneesports.id . id-ID.
  33. Web site: Tim antaranews.com . 6 September 2019 . Menkominfo dan IDN luncurkan Duniaku.com . 20 September 2022 . Antara News.
  34. Web site: Kevin Andreas . 20 September 2022 . IDN Media Perkenalkan ICE, Platform Kreator dan Marketplace Terbesar Indonesia . 20 September 2022 . USS Feed . id.
  35. Web site: Tomy Tresnady . Ini Keunggulan IDN Programmatic OOH . 20 September 2022 . uzone.id . 30 October 2020 . id.
  36. Web site: Fajar . Nugraha . 10 November 2023 . Highlighting the Significance of Ethical Journalism and Impact in Digital Era . 2023-11-14 . medcom.id . id.
  37. News: Ariani. Fenty Lilian. Inilah Alasan Kamu Perlu Membaca Popbela.com. id. 2023-11-04.
  38. News: Saptiyono. Didik. Popbela Sebagai Rekomendasi Situs Gaya Hidup Perempuan Millenials. id. 2023-11-04.
  39. News: Putri. Winda Destiana . Popmama.com, Parenting Guide untuk Millennial Mama . id. 2013-11-04.
  40. Web site: Afifa . Laila . 10 November 2023 . Esports for All: Transforming Esports into More Inclusive Entertainment . 2023-11-14 . Tempo . en.
  41. Web site: Perluas Segmentasi Bisnis, IDN Media Segera Luncurkan Kanal "Fortune Indonesia" . dailysocial.id. en. https://web.archive.org/web/20230602011836/https://dailysocial.id/post/perluas-segmentasi-bisnis-idn-media-segera-luncurkan-kanal-fortune-indonesia/. 2023-06-02. 2021-08-18.
  42. News: Yulianti. Felicia. Menjelajahi Dunia Kuliner dengan Yummy App. id. 2023-09-14.
  43. News: Yusra. Yeni. Targetkan Generasi Muda, IDN Media Luncurkan Aplikasi Resep Makanan Yummy. 2023-08-15.
  44. Web site: Tech in Asia – Connecting Asia's startup ecosystem . 2022-12-07 . www.techinasia.com . en-US.
  45. Web site: Menur . Anisa . IDN Media raises Series A to become the forefront news portal for Millennials and Generation Z . 2022-12-07 . e27 . en.
  46. Web site: Menur . Anisa . IDN Media raises Series B funding round from East Ventures, Central Exchange . 2022-12-07 . e27 . en.
  47. Web site: 24 November 2017 . Indonesia's IDN Media secure Series B funding . 2022-12-07 . Digital News Asia . en.
  48. Web site: Akhaya . Prisca . Indonesia's online media company IDN Media secures Series C funding round from EV Growth . 2022-12-07 . e27 . en.
  49. Web site: IDN Media secures series C investment, eyes millennial and Gen-Z audience . 2022-12-07 . The Jakarta Post . en.
  50. Web site: Tech in Asia – Connecting Asia's startup ecosystem . 2022-12-07 . www.techinasia.com . en-US.

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