Press Release
PRICE RELEASE Clesson, the operating company behind OPENTRACK and LABEL Foundation, has officially established a memorandum of understanding (MoU) with CJ Entertainment & Media. The new collaboration has the potential to benefit both parties involved as CJ Entertainment & Media is essentially an entertainment and mass media organization founded by the CJ Group, which is among South Korea’s major conglomerate corporations.
How can you know what to do?
Joining Clesson is Hen, the composer of the Netflix serial ‘My Liberation Notes’. Hen is from O’PEN CJ Entertainment & Media has reportedly joined LABEL Foundation’s operating company after Clesson successfully managed to enlist the services of the renowned composer as part of the collaboration, much to everyone’s delight as Hen has performed in a number of South Korean music projects and is also well known for creating the soundtrack for the aforementioned Netflix series.
Clesson is also the chief operating company behind OPENTRACK which is the heart of Web 2.0 and Web 3.0 music education. With that in mind, Clesson shall work alongside CJ ENM to successfully onboard ‘O’PEN Music’ artists into ‘OPENTRACK Music’, thereby bringing them into LABEL Foundation’s respective ecosystem.
Details about the partnership
Hen will lead the OPENTRACK Music course. Moreover, OPENTRACK will be in charge of the MasterClass’s production and content, whereas Hen will be responsible for presenting her creative songwriting process for K-dramas and movies, which also includes composing a melody, selecting chord progression, and preserving song quality.
In addition, through the onboarding of CJ ENM O’PEN artists, the new collaboration will pave the way for continued beneficial synergistic growth for both companies. CJ ENM networks offer tremendous opportunities for OPENTRACK MasterClasses. This has sparked fascinating discussions on future cooperation with LABEL Foundation.
About LABEL Foundation
LABEL Foundation is a NFT-oriented and blockchain-oriented platform that shares copyright fees. This incubation system supports distribution, promotion, investment and production processes. The goal of LABEL Foundation’s incubation model is to eliminate significant industry obstacles and promote content creation and investment.
It uses the $LBL native token, which is an Ethereum-based governance and utility token which may be utilized to fuel the expansion of LABEL’s ecosystem in various ways. The token is therefore mainly utilized to establish the platform’s fundamental token economy by functioning as a governance, staking and payment unit.
Clesson & OPENTRACK is a South Korean music education agency that has been praised for its practicality and systemic approach. LABEL features more than 200 professionals in Korea as well as 25 of the most renowned musicians from seven major countries.
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