Spotify and Kakao M Settle Disputes; Kpop songs will be back to streaming
A few days ago Spotify removed hundreds of Kpop songs owned by South Korean Entertainment company Kakao M. Now the two companies have settled their license disputes
A few days ago music streaming giant, Spotify removed thousands of Kpop songs after Kakao M’s streaming license got expired with Spotify. Hundreds of Kpop songs were removed from the streaming giant overnight leaving the fans heartbroken. Popular artists such IU, MAMAMOO, SEVENTEEN, LOONA, MONSTA X’s songs were removed from the streaming services. Now the two of the companies have settled their license disputes and these songs to soon be back for worldwide Kpop listeners.
According to the media reports, Kakao Entertainment was earlier unable to renew its license with Spotify for an unknown reason. However, the two companies have now solved the disputes. Apparently they have now agreed to terms that are “not dramatically different from those originally offered,” according to Variety.
As per a report by KoreaBoo, Spotify and Kakao M Entertainment both have issued an official statement reveals that they have solved the disputes.
“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,” read Spotify’s statement.
“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,” read Kakao M’s statement.
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