Co-Founders of Naxos Music Group and Classical Music Museum Limited have disputed the validity of a purported acquisition involving Kuke Music Holding Limited, Kuke Music's purchase of shares in Naxos One from Desun Holding Limited, and the issuance of new shares by Naxos One to Kuke Music. According to a statement, the Co-Founders did not consent to the transaction due to lack of requested information, and there are ongoing disputes related to the deal. The statement also notes that NMG's collaboration with Kuke Beijing for digital services in China was terminated effective September 30, 2025, due to unpaid licensing fees, and NMG's services should no longer be available in Mainland China from October 1, 2025.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kuke Music Holding Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: HK99666) on October 22, 2025, and is solely responsible for the information contained therein.