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. under the terms of the agreement, both parties will engage in innovative approaches to unlock more opportunities for yg entertainment's vast and influential catalog as well as its artists on the platform, including music by popular k-pop groups such as bigbang and blackpink, and utilize their strengths to expand the music library on netease cloud music platform to provide more high-quality music content for chinese music lovers.
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