Cloud Music Inc. Expands K-Pop Portfolio with Kakao Entertainment
HANGZHOU, China, May 13, 2024 /PRNewswire/ -- Cloud Music 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 Kakao Entertainment Corp. ("Kakao Entertainment"), a leading entertainment company in South Korea, granting NetEase Cloud Music the right to distribute Kakao Entertainment's music catalog in China.
- HANGZHOU, China, May 13, 2024 /PRNewswire/ -- Cloud Music 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 Kakao Entertainment Corp. ("Kakao Entertainment"), a leading entertainment company in South Korea, granting NetEase Cloud Music the right to distribute Kakao Entertainment's music catalog in China.
- NetEase Cloud Music, as one of China's leading online music platforms, has long been a preferred online destination for music enthusiasts.
- As industry leaders in music and entertainment, both Kakao Entertainment and NetEase Cloud Music are constantly seeking broader opportunities for the appreciation and enjoyment of the world's most iconic music.
- Recently, NetEase Cloud Music has reached music copyright cooperation agreements 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, TF Entertainment, YG Entertainment, Avex, Pony Canyon, B'in Music, and JYP Entertainment.