China's Tencent Music Entertainment Group announces that it terminated all exclusive licensing deals with copyright holders. Photo: Reuters
China's Tencent Music Entertainment Group announces that it terminated all exclusive licensing deals with copyright holders. Photo: Reuters
Tencent

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

  • Tencent Music said its exclusive licensing deals with labels had come to an end as of August 23, as ordered by China’s antitrust watchdog
  • Short video app Kuaishou struck a new deal with Warner Music this week, and music streaming rival NetEase also welcomed the move

China's Tencent Music Entertainment Group announces that it terminated all exclusive licensing deals with copyright holders. Photo: Reuters
China's Tencent Music Entertainment Group announces that it terminated all exclusive licensing deals with copyright holders. Photo: Reuters
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