Kuke and Jidou Join Forces in the AI Music Market
June 14 2024 - 8:20AM
Kuke Music Holding Limited ("Kuke" or the "Company") (NYSE: KUKE),
a leading classical music service platform in China with
approximately 3 million audio and video music tracks, recently
announced its entry into the AI music field and the integration of
its AI music technology into automobiles. The Company has formed a
professional team dedicated to developing and promoting AI
music-related features, which will gradually be launched on KUKE's
and partners’ apps, bringing users a brand new music experience.
A new partner in Kuke’s business development in
AI music is Shanghai Jidou Science and Technology Co., Ltd.
("Jidou”). On June 14, 2024, Kuke has signed an "Application Market
Cooperation Agreement" with Jidou. According to the agreement, Kuke
will launch its AI music application in the car application store
developed by Jidou. Jidou is a leading provider of intelligent and
digital automotive software and services for car companies,
including Audi, BMW, Porsche, Volkswagen, Toyota, Nissan, BYD,
Bentley, FAW, SAIC, and GAC.
Senior Management Views:
Kuke's senior management stated that AI
technology will bring new development opportunities to the music
industry and car networking services. In the future, the Company
will continue to invest in AI music technology, launch more
innovative products and services, and enhance the user music
experience.
Representatives of Jidou also stated that this
cooperation will further enrich the application ecosystem of its
automotive cockpit software platform. Utilizing Kuke's AI
technology, they aim to provide users with more intelligent and
personalized music services.
This cooperation marks an important breakthrough
in technological innovation and user experience enhancement for
Kuke and Jidou. With the continuous development and application of
AI music technology, users will experience unprecedented musical
enjoyment on car networking platforms.
About Kuke Music Holding Limited (NYSE:
KUKE)
Kuke is a leading classical music service
platform in China encompassing the entire value chain from content
provision to music learning services, with approximately 3 million
audio and video music tracks. 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.
For further information, please
contact.Kuke Music Holding
Limited:Investor RelationsEmail: ir@kuke.com
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