March 13, 2018 / 1:21 PM / 6 months ago

BRIEF-Cross-Licensing Agreement Signed Between NetEase Cloud Music And AliMusic

March 13 (Reuters) - Alibaba Group Holding Ltd:

* NETEASE CLOUD MUSIC SAYS CO, ALIMUSIC JOINTLY ENTERED INTO A CROSS-LICENSING AGREEMENT WITH RESPECT TO MUSIC COPYRIGHTS​

* NETEASE CLOUD MUSIC - TO SUBLICENSE PREMIER MUSIC COPYRIGHTS OWNED BY EE-MEDIA, AVEX, FORWARD MUSIC, HIM INTERNATIONAL MUSIC, AND OTHERS TO ALIMUSIC​

* NETEASE CLOUD MUSIC - ALIMUSIC TO SUBLICENSE PREMIER MUSIC COPYRIGHTS OWNED BY ROCK RECORDS CO., SM ENTERTAINMENT, BMG, OTHERS TO CO Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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