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

Source: Tech – South China Morning PostChinese 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…Read More

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