Tencent ends exclusive music partnerships, bowing to regulators as rivals NetEase and Kuaishou jump in

//Tencent ends exclusive music partnerships, bowing to regulators as rivals NetEase and Kuaishou jump in

Tencent ends exclusive music partnerships, bowing to regulators as rivals NetEase and Kuaishou jump in

Chinese tech giant Tencent Holdings’ music streaming business has announced that it terminated all exclusive licensing deals with copyright holders in accordance with a recent government mandate, removing a major obstacle for rivals in the entertainment industry.Tencent Music Entertainment (TME) and its parent company said on Tuesday that the company had informed all partners involved in exclusive music licensing deals of the termination by August 23, and those parties were now free to license…

Article by [author-name] (c) China - South China Morning Post - Read full story here.

By | 2021-09-01T05:54:37+00:00 September 1st, 2021|Headlines|Comments Off on Tencent ends exclusive music partnerships, bowing to regulators as rivals NetEase and Kuaishou jump in