Cloud Village Inc. SM Leisure Provides Expanded Ok-Pop Portfolio With Settlement


Hangzhou, China, 10 June 2022 /PRNewswire/ — Cloud Village Inc. (HKEX: 9899, ​​”NetEase Cloud Music” or “The Firm”), a number one interactive music streaming service supplier in China, right now introduced that it has entered right into a licensing settlement for digital music distribution. (“The Settlement”) with SM Leisure Firm Restricted (“SM Leisure”), a number one leisure conglomerate South KoreaGranting NetEase Cloud Music the rights to distribute SM Leisure’s music catalogue.

Beneath the phrases of the settlement, the 2 corporations will work collectively to forge deeper collaborations and collectively promote Korean music and artists and convey top quality music content material to music lovers and artists alike. SM Leisure’s robust portfolio options a whole bunch of influential Ok-pop artists, together with Kangta, BOA, TVXQ!, Tremendous Junior, Ladies’ Technology, Shiny, EXO, Purple Velvet, NCT and Espa.

Established in 1995, SM Leisure is a pacesetter in of south korea Leads the worldwide Ok-pop development with a robust international presence within the leisure trade and abroad markets corresponding to North America And Europe,

considered one of of china NetEdge Cloud Music, the main on-line music platform, has gained reputation amongst Chinese language music followers, particularly among the many youthful era. The distinctive music neighborhood atmosphere, extremely interactive person base and robust person stickiness of NetEase Cloud Music bodes effectively for SM Leisure’s content material supply, and talent to succeed in the youthful era effectively and successfully. China,

NetEase Cloud Music has been actively increasing its intensive portfolio, and has not too long ago reached music copyright collaborations with a number of high report labels together with Fashionable Sky, Emperor Leisure Group and China Document Group. Sooner or later, NetEase Cloud Music will proceed to advertise cooperation with upstream copyright house owners, and proceed to supply extra high-quality music content material for Chinese language music lovers.

About Cloud Village Inc.

NetEase, Inc. Launched in 2013 by (NASDAQ: NTES; HKEX: 9999), Cloud Village Inc. (HKEX: 9899) is a number one interactive music streaming service supplier. China, Devoted to offering enhanced person experiences, Cloud Village Inc. supplies correct, personalised suggestions, fosters person engagement and builds a robust social neighborhood. Its concentrate on discovering and selling rising musicians has made Cloud Village Inc. a favourite vacation spot amongst music lovers to find new and impartial music. China, The platform has been acknowledged as the most well-liked leisure app of china Vibrant Technology Z neighborhood.

Please go to http://ir.music.163.com/ for extra info.

forward-looking statements

This press launch accommodates forward-looking statements regarding the corporate’s enterprise outlook, projections of economic efficiency, forecast enterprise plans and development methods. These forward-looking statements are based mostly on the data at the moment out there to the corporate and as acknowledged herein based mostly on the outlook on the time of this press launch. They’re based mostly on sure expectations, beliefs and premises, a few of that are subjective or past our management. These forward-looking statements might show to be false and is probably not realized sooner or later. There are numerous dangers and uncertainties behind these forward-looking statements. In mild of the dangers and uncertainties, the inclusion of forward-looking statements on this press launch shouldn’t be construed as a illustration by the Board or the Firm that the plans and targets shall be achieved, and traders shouldn’t place undue reliance on such statements. ,

Investor Inquiry:

angela zoo
Cloud Village Inc.
[email protected]

Media inquiries:

lee ruhan
NetEase, Inc.
[email protected]

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