KUKE Music Successfully Reached Strategic Partnership with China Media Group IoV Digital Media, Aims to Redefining the Benchmark for In-Vehicle Music
Rhea-AI Summary
KUKE Music (NYSE:KUKE), a leading classical music platform with ~3 million audio and video tracks, announced a strategic partnership with China Media Group IoV Digital Media on March 18, 2025. The collaboration aims to enhance in-vehicle audio experiences by integrating KUKE's classical music library with CMG IoV's extensive automotive reach.
CMG IoV Digital Media, operational since March 2020, has achieved significant market penetration with over 100 million users and partnerships with 90% of China's leading automotive manufacturers. Their platform features 1,300 live audio streams and 5+ million hours of content.
The partnership will develop specialized products including 'Master Symphony Theater', 'Music General Education Enlightenment Course', and 'Classical Music Radio'. These offerings will be customized for smart cockpits, providing context-aware content delivery such as jazz for long drives and educational content during school runs.
Positive
- Strategic partnership with CMG IoV Digital Media provides access to 100M+ users
- Integration with 90% of China's leading automotive manufacturers
- Expansion into high-net-worth car owner demographic
- Development of new revenue streams through customized in-vehicle audio products
Negative
- None.
News Market Reaction
On the day this news was published, KUKE gained 16.84%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Beijing, March 21, 2025 (GLOBE NEWSWIRE) -- KUKE MUSIC HOLDING LIMITED (NYSE:KUKE), a leading classical music service platform in China with approximately 3 million audio and video music tracks, recently announced that its subsidiary, Beijing Kuke Music Co., Ltd. (hereinafter referred to as “Beijing Kuke Music”) and China Media Group IoV Digital Media (Shanghai) Co., Ltd. (hereinafter referred to as “CMG IoV Digital Media”) formally signed a strategic cooperation agreement on March 18, 2025 in Beijing. CMG IoV Digital Media, online since March 2020, is the new media arm of China Media Group, also known as Voice of China, the preeminent media company by means of radio and television broadcasting in China. Together, Beijing Kuke Music and CMG IoV Digital Media aim to establish a new benchmark for high-quality, intelligent, and differentiated in-vehicle audio ecosystems, offering users an unparalleled auditory experience while driving.
As a pivotal audio platform under the new media strategy of China Media Group, CMG IoV Digital Media has surpassed 100 million users across all channels and established in-depth collaborations with nearly
Through this collaboration, both parties will transcend the boundaries of traditional audio services, creating a comprehensive matrix that spans news, culture, and music education. Beijing Kuke Music will grant CMG IoV Digital Media access to its classical music library, audiobooks, and high-definition audio-video resources of concerts, addressing the gap in non-popular music content within in-car scenarios. Meanwhile, leveraging its extensive reach and precise distribution capabilities, CMG IoV Digital Media will facilitate Beijing Kuke Music in connecting with high-net-worth car owners, expanding the horizons of classical music appreciation.
As part of this partnership, KUKE Music and CMG IoV Digital Media will jointly develop customized in-vehicle audio products, including “Master Symphony Theater,” “Music General Education Enlightenment Course,” and “Classical Music Radio.” These offerings will be tailored to the smart cockpit environment, creating scene-based, interactive listening experiences. The partnership will also leverage driving scenarios and user profiles to intelligently match music content—providing soothing jazz for long-distance driving, light knowledge-based audio during rush hour commutes, and entertaining music education when transporting children. This approach transforms audio content into an “emotional assistant,” offering drivers a travel companion that combines cultural depth with emotional accompaniment.
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 includes “forward-looking statements” within the meaning of U.S. federal securities laws. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results and, consequently, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements and factors that may cause such differences include, without limitation, KUKE’s expectations with respect to future performance, ability to recognize the anticipated benefits of the initiatives described herein; costs related to, and the timing of the completion of the initiatives described herein; global economic conditions; geopolitical events and regulatory changes; and other risks and uncertainties indicated from time to time in filings with the SEC. The foregoing list of factors is not exclusive. Additional information concerning these and other risk factors is contained in KUKE’s most recent filings with the SEC and will be contained in the Form 6-K and other filings to be filed as result of the transactions described above. All subsequent written and oral forward-looking statements concerning KUKE or the events described herein or other matters and attributable to KUKE, or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Neither KUKE nor the other parties named herein undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based.
For further information, please contact.
Kuke Music Holding Limited:
Investor Relations
Email: ir@kuke.com
FAQ
What is the scope of KUKE Music's partnership with China Media Group IoV Digital Media?
How many users does China Media Group IoV Digital Media currently have?
What new products will KUKE Music and CMG IoV Digital Media develop together?
How many audio and video tracks does KUKE Music (NYSE:KUKE) have in its library?
