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Stock impact report

Cloud Music Inc. Adds Expansive K-Pop Portfolio with JYP Entertainment Agreement [Yahoo! Finance]

Sony Group Corporation American Depositary Shares (SONY) 
Company Research Source: Yahoo! Finance
streaming service provider in China, today announced that it has entered into a licensing agreement for digital music distribution ("the Agreement") with JYP ENTERTAINMENT Corp. ("JYP Entertainment"), a leading entertainment company in South Korea , granting NetEase Cloud Music the right to distribute JYP Entertainment's music catalog in China Under the terms of the Agreement, the two companies will leverage their musical prowess to jointly promote the presence of fan-favorite K-Pop artists from JYP Entertainment's catalog and bring more high-quality music to Chinese music lovers. This partnership expands the range of K-Pop music available on NetEase Cloud Music even further. Both parties will collaborate closely, utilizing their strengths to enhance the user experience and explore new commercialization opportunities originating from top-tier K-Pop music content. Through the collaboration, NetEase Cloud Music will offer an extensive collection of music from JYP Entertainment, feat Show less Read more
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