Cloud Village Inc. SM Leisure Provides Expanded Okay-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, at the moment 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.

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

Established in 1995, SM Leisure is a pacesetter in of south korea Leads the worldwide Okay-pop development with a powerful world presence within the leisure business and abroad markets comparable to North America And Europe,

one among 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 setting, extremely interactive person base and robust person stickiness of NetEase Cloud Music bodes properly for SM Leisure’s content material supply, and talent to achieve the youthful era effectively and successfully. China,

NetEase Cloud Music has been actively increasing its in depth portfolio, and has just lately 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 homeowners, and proceed to supply extra high-quality music content material for Chinese language music fans.

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. gives correct, customized suggestions, fosters person engagement and builds a powerful social neighborhood. Its give attention to 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 preferred leisure app of china Vibrant Technology Z neighborhood.

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forward-looking statements

This press launch accommodates forward-looking statements referring to the corporate’s enterprise outlook, projections of economic efficiency, forecast enterprise plans and progress methods. These forward-looking statements are primarily based on the knowledge at present accessible to the corporate and as acknowledged herein primarily based on the outlook on the time of this press launch. They’re primarily based 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 might not be realized sooner or later. There are a lot of 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 will probably be achieved, and buyers 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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