Entertainment

Cloud Village Inc. enters right into a licensing settlement with TF Leisure

HANGZHOU, China, June 20, 2022 /PRNewswire/ — Cloud Village Inc. (HKEX: 9899, ​​”NetEase Cloud Music” or the “Firm”), a number one supplier of interactive music streaming companies in Chinaintroduced that it has signed a music licensing settlement (the “Settlement”) with Beijing Time Fengjun Tradition and Leisure Improvement Co., Ltd. (“TF Leisure”), enriching the Firm’s rising portfolio of music companies and strengthening its presence among the many youthful technology.

Beneath the phrases of the Settlement, NetEase Cloud Music has the proper to make use of a variety of TF Leisure’s catalog, that includes larger high quality music from artists similar to TFBOYS, TNT (Teenagers in Instances) and TF Household. As a part of the cooperation, the 2 sides may even work collectively to advertise artists utilizing their respective networks and construct sturdy partnerships within the leisure business. TF Leisure is one in every of China main leisure teams devoted to the event and coaching of idols who resonate with the youthful technology.

as one in every of China main on-line music platforms, a novel music group ambiance, a extremely interactive consumer base, and powerful consumer loyalty have made NetEase Cloud Music a most popular vacation spot for younger Chinese language customers. Leveraging the corporate’s content material, revolutionary know-how, and recognition amongst its thriving fan base, TFBOYS’ seventh Anniversary ‘Daylight Journey’ live performance held on its platform in August 2020 attracted 786,000 concurrent viewers, setting the file for “essentially the most viewers in reside for a music live performance pay-per-view on a particular platform.” The live performance’s success is a testomony to NetEase Cloud Music’s continued innovation and connections to a youthful consumer base, in addition to its capability to ship high quality music experiences and immersive content material to this essential viewers within the evolving digital age.

Based in 2009, TF Leisure is a expertise growth firm. Amongst its widespread artists, TFBOYS is without doubt one of the hottest TF Leisure idol teams, consisting of three members: Carrie Wang, Roy Wang in addition to Jackson Yee. Debuting in 2013, the boy band rapidly turned a Chinese language popular culture sensation. Following this success, the seven-member boy group Teenagers in Instances (TNT) entered the music scene in 2019, gaining broad recognition and reaching mainstream media standing. Artists developed by TF Leisure additionally embody TF Household and others.

NetEase Cloud Music is actively increasing copyright partnerships via numerous collaborations with a lot of music copyright holders to additional enrich its huge content material providing throughout a wide range of genres. Devoted to additional diversifying the platform’s content material library, NetEase Cloud Music caters to the varied and altering tastes of audiences with the mission of offering extra high quality content material to music lovers in China.

About Cloud Village Inc.

Cloud Village Inc. (HKEX: 9899), launched in 2013 by NetEase, Inc. (NASDAQ: NTES; HKEX: 9999), is the main supplier of interactive music streaming companies in China. Dedicated to delivering an enhanced consumer expertise, Cloud Village Inc. gives correct, personalised suggestions, promotes consumer engagement, and builds a robust social group. The emphasis on discovering and selling younger musicians was made by Cloud Village Inc. most popular place for locating new and impartial music amongst music lovers in China. The platform was acknowledged as the preferred leisure software amongst China lively technology Z group.

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

Ahead wanting statements

This press launch comprises forward-looking statements referring to the Firm’s enterprise outlook, estimates of economic efficiency, marketing strategy forecasts and progress methods of the Firm. These forward-looking statements are based mostly on info at present accessible to the Firm and are set out right here based mostly on the outlook as of the date of this press launch. They’re based mostly on sure expectations, assumptions and assumptions, a few of that are subjective or past our management. These forward-looking statements is probably not true and will not materialize sooner or later. These forward-looking statements are topic to many dangers and uncertainties. In mild of dangers and uncertainties, the inclusion of forward-looking statements on this press launch shouldn’t be construed as an announcement by the Board of Administrators or the Firm that plans and goals will likely be achieved, and traders shouldn’t place undue reliance on such statements. .

Investor Requests:

Angela Xu
Cloud Village Inc.
[email protected]

Media inquiries:

Lee Ruohan
Netize, Inc.
[email protected]

SOURCE NetEase Cloud Music

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