17LIVE Group (SGX:LVR) has settled with a music copyright organization regarding copyright fees for music content used by live streamers, according to a Tuesday filing on the Singapore Exchange.
The live-streaming platform will pay 2 billion yen by Oct. 11 to resolve differing interpretations of fees under the existing agreement.
This payment will be recorded as a one-off non-operating expense and will not materially affect the group's operating profitability.
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