MoU Established by Clesson, the Company Behind LABEL Foundation, With CJ Entertainment and Media

PRESS RELEASE. Clesson, the operating company behind OPENTRACK and LABEL Foundation, has officially established a memorandum of understanding (MoU) with CJ Entertainment & Media. The new collaboration has the potential to benefit both parties involved as CJ Entertainment & Media is essentially an entertainment and mass media organization founded by the CJ Group, which is among South Korea’s major conglomerate corporations.

What is there to know?

Joining Clesson is Hen, the composer of the Netflix serial ‘My Liberation Notes’. Hen is from O’PEN CJ Entertainment & Media has reportedly joined LABEL Foundation’s operating company after Clesson successfully managed to enlist the services of the renowned composer as part of the collaboration, much to everyone’s delight as Hen has performed in a number of South Korean music projects and is also well known for creating the soundtrack for the aforementioned Netflix series.

Clesson also serves as the main operating company behind OPENTRACK, which is at the center of both Web 2.0 as well as Web 3.0 online music education. With that in mind, Clesson shall work alongside CJ ENM to successfully onboard ‘O’PEN Music’ artists into ‘OPENTRACK Music’, thereby bringing them into LABEL Foundation’s respective ecosystem.

Important details about the partnership

The strategic collaboration will commence with the creation of an OPENTRACK Music course which shall be taught by Hen. Moreover, OPENTRACK will be in charge of the MasterClass’s production and content, whereas Hen will be responsible for presenting her creative songwriting process for K-dramas and movies, which also includes composing a melody, selecting chord progression, and preserving song quality.

In addition, through the onboarding of CJ ENM O’PEN artists, the new collaboration will pave the way for continued beneficial synergistic growth for both companies. Many believe that the CJ ENM network has tremendous possibilities for building MasterClasses with OPENTRACK which has since also sparked interesting discussions about future cooperation with LABEL Foundation as well.

About LABEL Foundation

LABEL Foundation is a blockchain-oriented, NFT copyright fee sharing platform which presents an incubation system to support investment, distribution, and promotion processes in order to dissolve significant obstacles to contemporary content production and investment as well as to deconstruct the biased profit distribution structure which currently exists in this industry.

It uses the $LBL native token, which is an Ethereum-based governance and utility token which may be utilized to fuel the expansion of LABEL’s ecosystem in various ways. The token is therefore mainly utilized to establish the platform’s fundamental token economy by functioning as a governance, staking and payment unit.

Clesson and OPENTRACK, regarded as a systematic and practical music education firm in South Korea, has therefore joined LABEL and features over 200 professional teachers in Korea and 25 top musicians from 7 major nations across the globe.

For more information and regular updates, be sure to visit the official website along with the Twitter, Telegram, Facebook and Medium channels.

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.



from Bitcoin News https://ift.tt/MGOH6zn
via IFTTT

Popular posts from this blog

Do Kwon’s Detention Prolonged Until 2024 As Montenegro Responds To Extradition Requests

Image
According to an International Business Times report , Montenegro’s Supreme Court decided to extend the detention of TerraForm Labs founder and CEO Do Kwon until February 2024, following extradition requests from the United States and South Korea. Closed-Door Discussions Reveal Montenegro’s Plan For Do Kwon Initially set to be extradited to the US on December 15, Do Kwon’s fate turned when the Montenegrin High Court ruled to prolong his stay until February 15, 2024. The decision stems from charges related to the collapse of the TerraUSD stablecoin, which led to significant financial losses. The High Court had previously ordered Kwon’s extradition by Friday, but his defense team appealed the decision in the appellate court in Podgorica, the capital of Montenegro. The Montenegrin Court of Appeal confirmed that Kwon contested the High Court’s ruling, vehemently stating, “I do not submit to the court’s decision.” Recent reports indicate that Montenegro’s Justice Minister, Andrej Mil
Read more

Sam Bankman-Fried Trial Begins Tomorrow: 3 Reasons Ex-SEC Official Foresees Conviction

Image
The trial of Sam Bankman-Fried, the founder of cryptocurrency exchange FTX and hedge fund Alameda Research, is set to commence in New York on Tuesday, October 3.  This comes almost a year after the collapse of both FTX and Alameda Research. The events leading up to the trial paint a picture of alleged fraudulent activities and money laundering that caused significant damage to the businesses involved. Ex-SEC Official’s Bleak Prediction As Sam Bankman-Fried Trial Commences In a nutshell, Alameda Research purportedly took customer deposits from FTX and invested them in fictitious crypto tokens, which derived their value from the confidence in FTX’s operations.  When this confidence waned, FTX and Alameda Research suffered substantial losses, which many argue contributed to a broader disillusionment in the cryptocurrency industry.  Following an investigation, federal authorities uncovered numerous alleged crimes, leading to seven federal fraud and money-laundering charges against B
Read more

April’s Crypto Game-Changers: 7 Events Set To Drastically Impact The Course Of Digital Currencies

Image
As the crypto market ended March positively, the industry gears up for an eventful April, marked by crucial developments and milestones that could significantly impact the digital asset landscape.  Crypto Halvings And Regulatory Deadlines The month starts with the Bitcoin Cash (BCH) halving event scheduled for April 2nd. Similar to Bitcoin (BTC), BCH undergoes a halving approximately every four years, which reduces mining profits for BCH miners.  On April 10, the US is scheduled to announce March’s Consumer Price Index (CPI), a vital indicator that measures the average price change paid by urban consumers for a basket of goods and services.  The Federal Reserve closely monitors the CPI as it influences inflation and, consequently, the central bank’s decisions regarding interest rates. Any changes in interest rates can ripple effect on the overall crypto market performance. April 19 marks the deadline for the US Securities and Exchange Commission (SEC) and US crypto exchange Coin
Read more