NetEase Cloud Music Establishes Strategic Partnership with Japan’s Renowned Music Distributor, SPACE SHOWER FUGA
網易雲音樂與日本知名音樂發行商 SPACE SHOWER FUGA 達成戰略合作
2023.12.06
HANGZHOU, China, December 6, 2023 -- Cloud Music Inc. (HKEX: 9899, “NetEase Cloud Music” or the “Company”), a well-known online music platform featuring a vibrant content community, today announced that it has entered into a strategic partnership with SPACE SHOWER FUGA, one of Japan’s leading music distributors. This collaboration seeks to deliver a series of high-quality and diversified Japanese music contents to music enthusiasts in China.
SPACE SHOWER FUGA, known for its promotion and distribution of a range of music genres and acclaimed independent artists, has curated well-received works such as the theme song for "Nobunaga Concerto", the opening track for "Utawarerumono: The False Faces", the original soundtrack for "White Album 2", and the ending song for "The Case of Hana & Alice" by Shunji Iwai, etc.
As one of China's leading online music platforms, NetEase Cloud Music is a preferred online destination for younger generations to enjoy music across a wide variety of genres from artists both at home and abroad. The platform boasts a unique music community atmosphere, highly interactive user base and impressive user stickiness. In the first half of 2023, NetEase Cloud Music hosted over 200 million monthly active users who showcased vigorous average daily music listening trends and interactions with other users in the community. Together, these unique features are expected to optimize the efficiency of music content distribution and amplify the resonance of SPACE SHOWER FUGA's offerings among its fan base.
NetEase Cloud Music has established itself as a trusted partner for upstream Japanese copyright holders. It has already built partnerships with well-known music labels in Japan, such as Avex, PONY CANYON and Studio Ghibli. In addition to these partnerships, NetEase Cloud Music has further expanded its library to various music contents for animation and games, as well as more J-pop and classical music from Japan.
About Cloud Music Inc.
Launched in 2013 by NetEase, Inc. (NASDAQ: NTES; HKEX: 9999), Cloud Music Inc. (HKEX: 9899) is a well-known online music platform featuring a vibrant content community. 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 information.
About SPACE SHOWER FUGA
SPACE SHOWER FUGA is a joint venture established in 2021 by Space Shower Networks, a Japanese music entertainment company, and FUGA, a global digital distribution company, specializing in digital music distribution. By combining Space Shower’s knowledge, experience and network in the Japanese market with FUGA’s industry-leading distribution, analytics, royalty calculation systems and its network around the world, the company aim to establish a truly global distribution of partner music from Japan.
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.
Investor Enquiries:
Angela Xu
Cloud Music Inc.
music.ir@service.netease.com
Media Enquiries:
MQ Zhang
NetEase, Inc.
globalpr@service.netease.com