Hurray makes strategic investment in Seed Music

Chinese wireless value-added services provider Hurray announced it will make a strategic investment in Taiwan-based music production company Seed Music Group Limited. Per terms of the agreement, Hurray will invest a total of $2.99 million in cash for 61.08 percent of Seed Music, which focuses on artist development, music production and offline distribution of music in the Asia Pacific market and boasts a portfolio of artists including Asian pop stars like Kenji Wu Ke Qun and Guang Liang.

For more on the Hurray/Seed Music deal:
- read this release

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