Tencent Music Entertainment Group will establish a joint music label in China with Vivendi-controlled Universal Music Group, the world’s biggest music company, under their new pact. Photo: Shutterstock
Tencent’s grip on music streaming in China weakens after NetEase-Universal deal
- The pact with NetEase lets its subscribers get Vivendi-controlled Universal Music Group’s full roster
- Tencent Music Entertainment Group’s separate deal with Universal Music extends a current licensing agreement by multiple years
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Tencent Music Entertainment Group will establish a joint music label in China with Vivendi-controlled Universal Music Group, the world’s biggest music company, under their new pact. Photo: Shutterstock
