HANGZHOU, China, Nov. 28,
2022 /PRNewswire/ -- Cloud Music Inc. (HKEX: 9899,
"NetEase Cloud Music" or the "Company"), a leading interactive
music streaming service provider in China, announced that it has entered into a
licensing renewal agreement ("the Agreement") with Avex, a leading
entertainment conglomerate in Japan, granting NetEase Cloud Music the right
to distribute Avex's music catalog in China.
Under the terms of the Agreement, both parties will collaborate
to promote the presence of prominent and fan-favorite J-pop artists
and content under the Avex. Both parties will utilize their
advantages to unlock more opportunities and bring fans closer to
Avex's vast and influential catalog through innovative
Founded in 1988, Avex began as a wholesale business of imported
music records, and established its own label, Avex Trax in 1990.
Until now, Avex has also expanded into various areas such as record
labels, live music performances, animation, and filmmaking. Avex
has created numerous movements driving the trends of each
era. There are many world-renowned artists on its roster,
including Ayumi Hamasaki,
Ai Otsuka Kumi Koda, GENERATIONS
from EXILE TRIBE, Awesome City Club, HIRAIDAI, I Don't Like
Mondays., and NAQT VANE, as well as
viral phenomenon PIKOTARO.
As one of China's leading
online music platforms, NetEase Cloud Music has been a preferred
online destination among the younger generation to enjoy
music in a wide variety of genres from artists both at home and
abroad. The unique music community atmosphere, highly interactive
user base and impressive user stickiness of NetEase Cloud Music
underpins the platform's capability in efficiently promoting music
content and enhancing the interactions between artists and their
fan base in China.
NetEase Cloud Music has been actively broadening its portfolio
and expanding its partnerships with top entertainment companies to
enrich the high-quality content offering on the platform to better
address users' diverse music tastes. Recently, NetEase Cloud Music
has extended music copyright cooperations with a number of top
record labels, including Modern Sky, Emperor Entertainment Group,
China Record Group, Feng Hua Qiu
Shi, Yuehua Entertainment, Linfair Records, SM
Entertainment, TF Entertainment, YG Entertainment and KAO!INC.
Moving forward, NetEase Cloud Music will pursue further
collaborations with upstream copyright owners and continue to
provide more high-quality music content for music lovers in
About Cloud Music Inc.
Launched in 2013 by NetEase, Inc. (NASDAQ: NTES; HKEX: 9999),
Cloud Music Inc. (HKEX: 9899) is a leading interactive music
streaming service provider in China. Dedicated to providing an elevated user
experience, Cloud Music Inc. provides precise, personalised
recommendations, promotes user interaction and creates a strong
social community. Its focus on discovering and promoting emerging
musicians has made Cloud Music Inc. a destination of choice for
exploring new and independent music among music enthusiasts in
China. The platform has been
recognised as the most popular entertainment app among China's vibrant Generation Z community.
Please see http://ir.music.163.com/ for more
Forward Looking Statements
This press release contains forward-looking statements relating
to the business outlook, estimates of financial performance,
forecast business plans and growth strategies of the Company. These
forward-looking statements are based on information currently
available to the Company and are stated herein on the basis of the
outlook at the time of this press release. They are based on
certain expectations, assumptions and premises, some of which are
subjective or beyond our control. These forward-looking statements
may prove to be incorrect and may not be realised in the future.
Underlying these forward-looking statements are a lot of risks and
uncertainties. In light of the risks and uncertainties, the
inclusion of forward-looking statements in this press release
should not be regarded as representations by the Board or the
Company that the plans and objectives will be achieved, and
investors should not place undue reliance on such statements.
Cloud Music Inc.
SOURCE NetEase Cloud Music