China National Culture Group (HKG:0745) unit Chic Culture entered into a non-legally binding MoU with FIREVERSE Ventures for a potential strategic collaboration.
The parties intend to cooperate in the fields of AI-generated music, artist sourcing and co-creation, and live concert and performance, according to a Tuesday Hong Kong bourse filing.
The MoU is valid for six months or until the parties enter into a formal agreement.