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National Music Industry Base inaugurated in Hongkou District

    The National Music Industry Base was unveiled last Friday in the Shanghai Music Valley in Hongkou District. The base will operate under the State Administration of Press, Publication, Radio, Film, and Television.

    The one-square-kilometer music base's core function area is surrounded by Hailun Road, Liyang Road, Siping Road, and Wuzhou Road.

    The music base will develop with existing advantages and resources from emerging industries to attract domestic and international music agencies, talents, events, and music cultures.

    Its total output value from music and related industries will reach 2.5 billion yuan (US$380 million). One to two globally influential music cultural brands will be established here and one original music copyright exchange platform will be built. New business models such as music fan economy will be exploited to form a scale economy.