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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 Entertainmenthas 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. CMChas 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 TWICEare all popular in China.


SEE ALSO: Walking down the K-drama aisle: wedding dresses we’ll never forget


Congratulations to JYP!

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