NetEase Cloud Music Announces New Initiative to Foster the Growth of Derivative Music Content Creators

Rhea-AI Summary

NetEase Cloud Music has launched a new initiative called "Music Talent" to support content creators in China's thriving music industry. The program aims to help artists earn over RMB1 million annually while fostering the growth of music multi-channel network companies. Since 2016, NetEase Cloud Music has promoted original music and creativity, showcasing over 200,000 independent musicians as of October 2020. The platform will provide certified talents with support such as traffic referrals, revenue incentives, and professional guidance to enhance their content creation capabilities.

Positive

• Launch of the 'Music Talent' initiative to support content creators.
• Targets to help artists earn over RMB1 million annually.
• Platform demonstrates a commitment to fostering creativity and original music.
• Over 200,000 independent musicians supported, marking 100% year-over-year growth.
• Large user base, with over 90% of users under 29 years old, showing strong engagement.

Negative

• None.

HANGZHOU, China, Dec. 17, 2020 /PRNewswire/ -- NetEase Cloud Music, a leading interactive music streaming service provider in China, announced a new "Music Talent" initiative to leverage its competitive edge as a community to connect, inspire and engage quality content creators to cater to the country's booming music industry.  

Music Talent is a new concept incubated and developed by NetEase Cloud Music. With this new initiative, NetEase Cloud Music aims to support and grow the Music Talents on the platform who create derivative music content, such as music videos, radio podcasts, playlists and other forms of mediums to broadcast and distribute music. The initiative aims to help more everyday artists to earn an annual income of over RMB1 million or more, and facilitate the development of music multi-channel network (MCN) companies.

This initiative also demonstrates NetEase Cloud Music's ongoing emphasis on content creation, especially the exploration of diverse forms of high-quality and high-value content generation. Since 2016, NetEase Cloud Music has focused deeply on supporting the development of original music and fostering creativity. The platform is home to over 200,000 Chinese independent musicians as of October 2020, a 100% year-over-year growth.

As part of the initiative, NetEase Cloud Music will provide platform-certified talent with a wide range of support, such as traffic referrals and revenue incentives, among others. Support may also include helping talent diversify their income sources through incentives and business cooperation, and providing professional guidance on content creation.

NetEase Cloud Music has also harnessed the unique advantages of its community to attract a large number of young users, with over 90% of its users being under 29 years old. These users are keen to create and share high-quality music in a variety of forms and have a willingness to pay for such content. Additionally, with an established user-generated content (UGC) ecosystem, NetEase Cloud Music is committed to providing its Music Talent and independent musicians with all-around support and ideal growth conditions.

About NetEase Cloud Music

Launched in 2013 by NetEase, Inc. (NASDAQ: NTES; HKEX: 9999), NetEase Cloud Music is a leading interactive music streaming service provider in China with more than 800 million registered users. Dedicated to providing an elevated user experience, NetEase Cloud Music provides precise, personalized recommendations, promotes user interaction and creates a strong social community. Its focus on discovering and promoting emerging musicians has made NetEase Cloud Music a destination of choice for exploring new and independent music among music enthusiasts in China. The platform has been recognized as the most popular entertainment app among China's vibrant Generation Z community.

Please see http://music.163.com/ for more information.

Twitter: https://twitter.com/NetEase_Global  

Media Enquiries:
Li Ruohan
NetEase, Inc.
globalpr@service.netease.com
Tel: (+86) 571-8985-2668
Twitter: https://twitter.com/NetEase_Global

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SOURCE NetEase Cloud Music

FAQ

What is the NetEase Cloud Music 'Music Talent' initiative?

The 'Music Talent' initiative is a new program by NetEase Cloud Music aimed at supporting and promoting content creators to enhance the diversity and quality of derivative music content.

When was the 'Music Talent' initiative announced?

The initiative was announced on December 17, 2020.

How many independent musicians does NetEase Cloud Music support?

NetEase Cloud Music supports over 200,000 independent musicians as of October 2020.

What benefits will certified talents receive from NetEase Cloud Music?

Certified talents will receive support such as traffic referrals, revenue incentives, professional guidance, and help in diversifying their income sources.

What demographic makes up the majority of NetEase Cloud Music's user base?

Over 90% of NetEase Cloud Music's users are under 29 years old.