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. under the terms of the agreement, the two companies will engage in diverse approaches to unlock more opportunities for kakao entertainment's vast and influential catalog as well as its prominent artists to effectively build influence among younger generation users in china.
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