Live Nation Entertainment Inc LYV:NYSE

Live Nation Entertainment (LYV) said Friday its Asian electronic dance music division, Live Nation Electronic Asia, has entered into a multi-year global licensing and distribution agreement for its recently launched Fabled Records label.

Live Nation Electronic Asia is working with dance label Astralwerks and Capital Records China, both divisions of Universal Music Group.

Under the partnership, Astralwerks and Capital Records China will collaborate on the global release and distribution of Fabled Records artists and projects, according to the statement.

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