Spotify announced that the company has reached an agreement with Kakao Entertainment Corp. (previous Cacao M), making their content available on the platform around the globe, including for the first time in South Korea!
Earlier, fans were extremely disappointed after Spotify confirmed that the music distributed by Kakao Entertainment will no longer be available on March 1, due to the expiration of the Spotify license. However, since then, the two sides have been in talks to renew the licensing agreement, and the issue has finally been resolved.
A Spotify spokesman revealed on March 11th “We are pleased that Kakao Entertainment’s content and artists have returned to Spotify, allowing our listeners in more than 345 million in 170 countries to enjoy the music they love again. Spotify’s mission has always been to connect artists with their fans around the world and give listeners access to all the world’s music. We are excited that our Korean listeners will now be able to enjoy this local music along with +70 million songs and 4 billion + playlists. We remain committed to making a positive impact on the Korean music streaming ecosystem through our partnerships with local artists, labels and rights holders. ”
A representative of Kakao also sent “Kakao Entertainment Corp. has entered into an agreement with Spotify and will sequentially provide its music content to Spotify for services in and beyond Korea. Through its various partnerships around the world, including Spotify, Kakao Entertainment hopes that music lovers around the world can easily access the music content of artists and enjoy K-pop. Kakao Entertainment remains dedicated to the Korean music ecosystem and its growth and will continue to protect the rights of local artists, labels and rights holders in the future. ”
You’ll be back on Spotify now that you can listen to music yl, Pink, KARD, and other?