Statements from Spotify and Kakao Entertainment Corp. on renewal of global licensing agreement

Spotify has announced that the company has reached an agreement with Kakao Entertainment Corp. (previously KakaoM), making their content available on the platform across the globe, including for the first time in South Korea.  Statements from Spotify and Kakao Entertainment are below.

Attributed to a Spotify spokesperson:

“We are pleased that Kakao Entertainment’s content and artists are back on Spotify, allowing our 345M+ global listeners across 170 countries to once again enjoy the music they love. Spotify’s mission has always been to connect artists to their fans all over the world and to give listeners access to all of the world’s music. We are delighted that our Korean listeners will now also be able to enjoy this local music alongside our 70 million+ songs and 4 billion+ playlists. We remain committed to making a positive impact on Korea’s music streaming ecosystem through our partnerships with artists, labels, and local rights holders.”

Attributed to a Kakao Entertainment Spokesperson:

“Kakao Entertainment Corp.(previously Kakao M) has entered into an agreement with Spotify and will sequentially provide its music content to Spotify for service in and beyond Korea. Through its diverse partnerships around the world including Spotify, Kakao Entertainment hopes that music lovers around the world can easily access its artists’ and music content to enjoy K-pop. Kakao Entertainment remains committed to the Korean music ecosystem and its growth and will continue protecting the rights of artists, labels and local rights holders going forward.”

 

 

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