NetEase Cloud Music owned by NetEase, Inc. [NASDAQ:NTES] signed a strategic agreement with the copyright vendor Kobalt Music to cooperate in digital music and copyright distribution in the Chinese mainland, online media outlet jiemian.com reported today.
Under the deal, NetEase Cloud Music will gain access to Kobalt’s copyrights to over 600,000 tracks, songs and lyrics, covering the renowned musicians and their brands, including Paul McCartney (MPL) and Max Martin (MXM). The works of MXM cover many world top-tier artists, such as Taylor Swift, Adele and Katy Perry. Moreover, NetEase Cloud Music will also have legal access to the song catalogs of such famed artists as Justin Bieber, Crowded House, Miles Davis, Fleetwood Mac, Flume, Foo Fighters, Gotye, Lauv, Zayn Malik, Maroon 5, Stevie Nicks, Sinead O’Connor, Pet Shop Boys, Elvis Presley, Lionel Richie, Ed Sheeran and Skrillex.
The agreement also covers many Asian artists, such as A-Lin, Jane Zhang, Jolin Tsai, Wanting Qu, Bibi Zhou, as well as well-known South Korean musical work company EKKO Music and the artists, including Big Bang, EXO, F(X), Girls’ Generation, Shinee and Super Junior.
“Last year, Simon Moor, general manager of Kobalt Music Asia, and I set up Kobalt’s Hong Kong branch and reorganized Kobalt’s business in Asia to bring more profits to artists and creators. We will continue to invest in and support the markets in China and Asia during the cooperation with the NetEase Cloud Music,” said Kenney Shiu, director of Asia Pacific at Kobalt Music Group.
Source: yicaiglobal.com
