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The Deals: K-Pop Giant Kakao Signs Licensing Pact With NetEase; Lil Durk Teams With AWAL for Label
K-pop label Kakao and NetEase, Lil Durk and AWAL and more music deals also involving Music Venue Trust, CAA, ASM Global and YouTube.
The first release under the deal, “GTA” by DJ Bandz featuring Rob 49, Skilla Baby and Fivio Foreign, is dropping Friday (May 17). Music licensing hub Broma16 signed an international agreement with YouTube and partnerships with three collecting societies from the Commonwealth of Independent States (CIS) region. The YouTube deal will see Broma16 collecting music royalties from the platform in territories including Africa, Asia, the Middle East, Europe and the CIS and distributing them to its members.
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