Music Business News: Asia
News Harbola says that Türkiye as a “priority market” for the streaming giant. News Sony Music Group is forming a music rights-buying joint venture with Singapore’s sovereign wealth fund, GIC Pte. News SME, through Sony Music Entertainment Hong Kong, agreed to acquire a 49% stake in YeaH1-owned 1Label for an undisclosed sum last month. News Def Jam Recording China has partnered with China Mobile's Migu to discover talent, and create and distribute music. News The K-pop powerhouse is also aiming to build Asia's "largest and most respected publishing company" via its Kreation Music Rights (KMR) subsidiary News Deahl will oversee policy strategy across Caldecott's three divisions: BandLab Technologies, NME Networks, and Vista Musical Instruments News The agreement includes provisions addressing artificial intelligence, with both companies committing to what they called artist-centric AI principles. News The deal gives Madverse's network of over 150,000 independent artists and labels access to Kobalt's global publishing infrastructure globally.