Since launching a licensed music service in Russia and the CIS in 2010, Yandex has been deepening its relationship with copyright holders. Yandex and KinoPoisk will work jointly to enhance the relationship with content creators and other industry participants.
Terms of the deal were not disclosed.
Yandex (Nasdaq:YNDX) is one of the largest internet companies in Europe, providing the world with search and online services, one market at a time. Yandex's mission is to help users solve their everyday problems by building people-centric products and services. Based on innovative technologies, the company provides the most relevant, locally tailored experience on all digital platforms and devices. Yandex is Russia's leading search service with more than 61% of the county's search market and also serves Turkey, Ukraine, Belarus and Kazakhstan. More information about Yandex can be found at http://company.yandex.com .
CONTACT: Investor Relations: Greg Abovsky, Katya Zhukova Phone: +7 495 974-35-38 E-mail: askIR@yandex-team.ru Press Office Ochir Mandzhikov, Vladimir Isaev Phone: +7 495 739-7000 E-mail: email@example.com