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JYP Entertainment signs an exclusive 5 billion KRW deal with China's CMC

AKP STAFF
Posted by jennywill Saturday, February 20, 2016
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JYP Entertainment�has signed an exclusive deal with CMC!


The label signed a deal worth 5,251,680,000 KRW (approximately 4.3 million USD) with CMC (China Music Corporation) to target the digital music market. China Music Corporation was about to massively buy music rights. CMC�has reportedly reached exclusive, long-term agreement with over 40 music labels and agencies, representing more than 15% of the total market.�This is a great deal for JYP, as their groups such as 2PM, miss A, GOT7, and TWICE�are all popular in China.


SEE ALSO: 'True Beauty' artist Yaongyi wins legal dispute, clearing tax evasion suspicions and reclaiming millions in KRW


Congratulations to JYP!

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