Tuesday, 20 January, 2026
Universal Music Group Inks Major Licensing Deal With NetEase Cloud Music
Universal Music Group (UMG), representing global icons like Taylor Swift, has secured a strategic licensing agreement with China’s NetEase Cloud Music. This partnership grants NetEase users access to UMG’s vast catalog, strengthening the music giant's presence in the lucrative Chinese market. The deal emphasizes the importance of digital streaming in global music distribution and aims to foster innovative fan engagement through social features.
Read full story at Economic Times