Chinese Portal Hurray to Buy Stake in Freeland For Mobile Music

Hurray Holding, a provider of mobile network software and mobile content services in China, is buying a majority interest in entertainment company Freeland Group’s music business, for $7.56 million.
Hurray will own 60 percent of a newly formed company called Hurray Freeland. The remaining 40 percent will go to Freeland, a producer and distributor of audio and video media products in China…The companies will split the venture’s music distribution, with Hurray focusing on the wireless and Internet markets and Freeland distributing through traditional channels such as music stores.
Many songs produced and promoted by Freeland for its artists such as Xiangxiang, Yang Chengang and Yang Yi are among the top hits in the markets of ringtones, ring-back tones and digital downloads on mobile phones and the Internet in China, said the companies.

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