NetEase Cloud Music Inks Licensing Deal with YG Entertainment

Chinese tech leader NetEase’s subsidiary Cloud Village — a leading provider of interactive music streaming services in China with NetEase Cloud Music — announced a licensing agreement with South Korea’s YG Entertainment. The deal grants Cloud Village Inc. the right to distribute YG Entertainment’s catalog in China. Both parties are engaging in “innovative approaches” for more opportunities for YG Entertainment’s roster to provide content for Chinese fans.