Frankfurter Buchmesse (October 11-15, 2017) has announced that China South Publishing & Media Group (CNS) has taken a minority stake in its global rights and licensing trading platform IPR License. CNS is a leading publishing and media group both in China and in the world. By investing in the IPR License business, it joins Copyright Clearance Center (CCC) which is also a minority stakeholder.
With this successful investment, CNS officially introduces the IPR platform into China, which fills a gap in the online licensing market for Chinese publishing. This significant new partnership between CNS and IPR License will serve the Chinese multimedia publishing organizations by continuing to develop and implement the industry and market dynamics of different new business models with related new financial terms for intellectual property rights.
CNS has achieved rapid growth in the past ten years and is leading the transition in publishing from print to digital. The company is the top publisher in China in terms of market value and profit. By investing in IPR License, CNS aims to bring Chinese publishers and their properties to the global market, and to offer them the chance to join an international, unified, standard and professional rights platform.
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