BEIJING, March 14,
2024 /PRNewswire/ -- Kuke Music Holding Limited
("Kuke" or the "Company") (NYSE: KUKE), a leading classical music
service platform in China,
recently disclosed a strategic organizational adjustment, including
the establishment of a dedicated Technical Research and Development
Center in Guangzhou. This
strategic initiative is designed to enhance the collaborative
efforts in R&D for technological integration between Kuke and
its global strategic partner, Naxos Music Group ("Naxos"). The
Company aims to achieve this by offering specialized services,
including product development and technical maintenance tailored
for Naxos, laying a more solid foundation for future
cooperation.
The Guangzhou R&D center is dedicated to technical research
and development, focusing on innovative technologies to support and
advance various products within Naxos. This not only underscores
Kuke's commitment to technological innovation but also reflects the
Company's resolve to deliver a more diverse range of services for
classical music enthusiasts.
Steve Li, Chief Financial Officer
of Kuke, stated, "The Guangzhou R&D center serves as a pivotal
platform for technical exchange and collaboration between Kuke and
Naxos. By concentrating on continuous product development and
offering technical maintenance services for Naxos, we aim not only
to better cater to the demands of the classical music market in
general but also to generate expanded business possibilities and
opportunities for future collaboration between Kuke and Naxos."
Through this strategic framework, the partnership between Kuke
and Naxos enters a new era. The Guangzhou R&D center is
expected to elevate the technical integration of both to new
heights which empower both parties to collaboratively explore and
develop new products and services, providing a higher quality and
more personalized service experience for classical music users on a
global scale. This strategic initiative signifies Kuke's
significant stride in globally promoting the integration of
classical music and technology.
About Kuke Music Holding Limited
Kuke is a leading classical music service platform in
China encompassing the entire
value chain from content provision to music learning services. By
collaborating with its strategic global business partner Naxos, the
largest independent classical music content provider in the world,
the foundation of Kuke's extensive classical music content library
is its unparalleled access to more than 900 top-tier labels and
record companies. Leveraging its market leadership in international
copyrighted classical music content, Kuke provides highly scalable
classical music licensing services to various online music
platforms, and classical music subscription services to over 800
universities, libraries, and other institutions across China. In
addition, it has hosted Beijing Music Festival ("BMF"), the most
renowned music festival in China, for 24 consecutive years. Through
KUKEY, the Company's proprietary smart music learning solutions,
Kuke aims to democratize music learning via technological
innovation, bring fascinating music content and professional music
techniques to more students, and continuously improve the
efficiency and penetration of music learning in China. For more
information about Kuke, please visit https://ir.kuke.com/
Forward-looking Statements
This announcement contains forward looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "aims," "future," "intends,"
"plans," "believes," "estimates," "confident," "potential,"
"continue" or other similar expressions. Statements that are not
historical facts, including but not limited to statements about
Kuke's beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including those in Kuke's registration statement filed
with the Securities and Exchange Commission. Further information
regarding these and other risks is included in Kuke's filings with
the SEC. All information provided in this press release is as of
the date of this press release, and Kuke undertakes no obligation
to update any forward-looking statement, except as required under
applicable law.
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SOURCE Kuke Music Holding Limited