Cloud Village Inc. Expands K-Pop Portfolio with YG Entertainment
HANGZHOU, China, July 21, 2022 /PRNewswire/ -- Cloud Village Inc. (HKEX: 9899, "NetEase Cloud Music" or the "Company"), a leading interactive music streaming service provider in China,today announced that it has entered into a licensing agreement for digital music distribution ("the Agreement") with YG Entertainment Inc. ("YG Entertainment"), a leading entertainment company in South Korea, granting NetEase Cloud Music the right to distribute YG Entertainment's music catalog in China.
- HANGZHOU, China, July 21, 2022 /PRNewswire/ -- Cloud Village Inc. (HKEX: 9899, "NetEase Cloud Music" or the "Company"), a leading interactive music streaming service provider in China,today announced that it has entered into a licensing agreement for digital music distribution ("the Agreement") with YG Entertainment Inc. ("YG Entertainment"), a leading entertainment company in South Korea, granting NetEase Cloud Music the right to distribute YG Entertainment's music catalog in China.
- Founded in 1996, YG Entertainment is one of the largest entertainment management companies in South Korea.
- As one of China's leading online music platforms, NetEase Cloud Music has been gaining presenceamongtheyounger generation.
- Recently, NetEase Cloud Music has reached music copyright cooperation with a number of top record labels, including Modern Sky, Emperor Entertainment Group, China Record Group, Feng Hua Qiu Shi, Yuehua Entertainment, Linfair Records, SM Entertainment and TF Entertainment.