Cube Entertainment sets Tencent Music contract value at KRW 12.22 billion
TME•Cube Entertainment corrected its disclosure to confirm a fixed KRW 12.22 billion value for its music distribution contract with Tencent Music Entertainment (Zhuhai) Company Limited, equal to 10.13% of Cube’s 2022 consolidated revenue.
1. Contract details
Cube Entertainment corrected its disclosure on a China music distribution agreement, confirming a fixed contract value of KRW 12.22 billion. The agreement runs from Oct. 1, 2023, to Sept. 30, 2026, and the value equals 10.13% of Cube’s 2022 consolidated revenue of KRW 120.64 billion.
