Two unrelated but interesting stories from Asia this week. Firstly from China, Tencent and Sony Music have teamed up to create a new EDM label called Liquid State. This is reallyinteresting as it marks an early indication of where streaming services are heading (and must head), i.e. content ownership and not just distribution. Here's the MBW article.
The second comes out of Korea from Kakao, free-talk provider and owner of the revolutionary Melon music service. Off the back of a US$1b fundraise, Kakao is making a push into the lucrative Japanese market with games and music. The latter is significant as Japan has lagged the rest of the world in music streaming, but as the world's second-largest music market, has tremendous potential. Here's the full article from Nikkei.