HANGZHOU, China, July 21, 2022 /PRNewswire/ — Cloud Village Inc. (HKEX: 9899, “NetEase Cloud Songs” or the “Enterprise”), a foremost interactive music streaming service provider in China, today announced that it has entered into a licensing agreement for digital songs distribution (“the Arrangement”) with YG Enjoyment Inc. (“YG Leisure”), a main amusement firm in South Korea, granting NetEase Cloud Songs the right to distribute YG Entertainment’s music catalog in China.
Underneath the phrases of the Agreement, both of those functions will engage in impressive strategies to unlock much more chances for YG Entertainment’s huge and influential catalog as effectively as its artists on the platform, which includes audio by well-known K-Pop groups this sort of as BIGBANG and BLACKPINK, and make use of their strengths to broaden the songs library on NetEase Cloud Music platform to present a lot more large-excellent music material for Chinese audio lovers.
Started in 1996, YG Amusement is just one of the biggest enjoyment management organizations in South Korea. It has been at the forefront of the popularization of hip-hop audio. It is also the leisure company with the most hip-hop singers in South Korea. World-renowned artists on its roster include BIGBANG, BLACKPINK, SECHSKIES, AKMU, WINNER, iKON and TREASURE.
As just one of China’s main online music platforms, NetEase Cloud Music has been attaining presence among the younger technology. The special new music community environment, really interactive consumer base and sturdy person stickiness of NetEase Cloud Tunes additional exhibit the platform’s capacity in competently advertising and marketing music material even though improving the interaction involving artists and their admirer base in China.
NetEase Cloud New music has been actively increasing its broad portfolio and as soon as all over again is signing up for palms with a top South Korean enjoyment firm to constantly nutritional supplement the platform’s significant-quality written content to cater to users’ various songs preferences spanning several genres. A short while ago, NetEase Cloud New music has reached audio copyright cooperation with a range of prime record labels, including Modern day Sky, Emperor Leisure Team, China Report Team, Feng Hua Qiu Shi, Yuehua Amusement, Linfair Information, SM Entertainment and TF Enjoyment. In the foreseeable future, NetEase Cloud Audio will hold on selling its collaborations with upstream copyright owners and continue on to supply more significant-quality music written content for Chinese audio lovers.
About Cloud Village Inc.
Launched in 2013 by NetEase, Inc. (NASDAQ: NTES HKEX: 9999), Cloud Village Inc. (HKEX: 9899) is a leading interactive songs streaming services company in China. Dedicated to supplying an elevated consumer experience, Cloud Village Inc. gives specific, personalised tips, promotes consumer conversation and creates a robust social community. Its target on exploring and marketing rising musicians has designed Cloud Village Inc. a desired destination of alternative for exploring new and unbiased songs among the audio lovers in China. The platform has been recognised as the most well-known entertainment application between China’s vibrant Generation Z group.
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Ahead On the lookout Statements
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Cloud Village Inc.
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