Warner Music Group Corp said Monday it signed a license deal to market and distribute EMI Music releases in South East Asia.
Warner Music, which is based New York but has most of its operations in Los Angeles, said it will be the exclusive physical and digital distributor of EMI Music's products in Hong Kong, Indonesia, Malaysia, Singapore, Korea and Thailand.
The multiyear agreement expands an existing relationship between the two companies covering India, the Middle East and North Africa. Financial terms were not disclosed.
EMI Music records artists ranging from Coldplay to Pink Floyd. Warner artists include Madonna and Linkin Park.
Warner shares were up 34 cents, or 4 percent, to $8.63 in morning trading on the New York Stock Exchange.
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