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Spotify removes tons of K-pop releases worldwide

World's top audio streaming subscription platform Spotify confirmed that it has removed hundreds of K-pop releases from its platform worldwide.
Spotify removes tons of K-pop releases worldwide
South Korean superstar IU is one of the many artists affected by this move

The reason? A failed negotiation with Kakao M

Kakao M is a Korean label that handles catalogs of popular K-pop artists like IU, Loona, Mamamoo, among others. Kakao M's artists account for 37.5 percent of the songs featured on the 2020 Top 400 Yearly Song Chart from Gaon Music Chart.

In a statement, Spotify said that starting March 1, 2021, Kakao M's catalog will no longer available to its listeners worldwide due to the expiration of our license.

It added that the company has been working with Kakao M over the last year and a half to renew the global licensing agreement so that their artists' music would remain available to Spotify's 345M+ listeners in nearly 170 markets worldwide.

Spotify said that they gave their "best-efforts" to continue working with Kakao M. Lastly, Spotify shared that they hope that this disruption will be temporary and can be resolved soon to help grow the Korean music market and overall streaming ecosystem together.

To recap, Spotify just launched in South Korea last month. Kakao M's parent company has a sate on MelOn, one of the top digital music platforms in South Korea.

Via: NME, Bandwagon
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