Cloud Village Inc. Adds Expansive K-Pop Portfolio with SM Entertainment Agreement
HANGZHOU, China, June 10, 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 SM Entertainment Co., Ltd. ("SM Entertainment"), a leading entertainment group in South Korea, granting NetEase Cloud Music the right to distribute SM Entertainment's music catalog.
- HANGZHOU, China, June 10, 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 SM Entertainment Co., Ltd. ("SM Entertainment"), a leading entertainment group in South Korea, granting NetEase Cloud Music the right to distribute SM Entertainment's music catalog.
- Established in 1995, SM Entertainment is a pioneer in South Korea's entertainment industry and leads the K-Pop trend around the world with astrong global presence in overseas markets such as North America and Europe.
- As one of China's leading online music platforms, NetEase Cloud Music has gained popularity among Chinese music fans, especially among the younger generation base.
- NetEase Cloud Music has been actively expanding its broad portfolio, and has recently reached music copyright cooperation with a number of top record labels including Modern Sky, Emperor Entertainment Group and China Record Group.