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 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 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
Tech

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

Topic |   Tencent
Bloomberg
Bloomberg

Updated: 9:40pm, 11 Aug, 2020

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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 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 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
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