Taylor Swift's Label UMG Secures Key Licensing Deal with China's NetEase Cloud Music

WASHINGTON, Jan 19 (Reuters) - U.S.-based Universal Music Group struck a deal ​with Chinese music streaming service ‌NetEase Cloud Music, the two music companies ‌announced Monday. The multi-year license agreement allows UMG-signed artists like Taylor Swift to stream on NetEase's platform. The ⁠deal includes provisions ‌and terms covering artificial intelligence both companies said reflect ‍a "shared commitment to responsible AI practices that support and protect the music and ​artists that UMG represents," in ‌a statement announcing the deal. The two companies entered into an agreement in 2020 similar to Monday's deal. The terms of the deal were ⁠not disclosed. "We are thrilled ​to expand our ​partnership with NetEase Cloud Music to further introduce UMG’s unrivaled artist roster ‍and ⁠music catalog available to Chinese music fans," said Timothy Xu, CEO ⁠of Universal Music Greater China, in the ‌statement. (Reporting by David Hood-Nuño; Editing ‌by Alistair Bell)