Warner and Tencent Music to launch a joint record label, ink multi-year licensing deal

Warner Music Group and Tencent Music Entertainment are launching a joint venture record label in China, the two companies have confirmed. The deal means that TME will have two joint venture labels running with major music companies in China – after a similar launch was announced with Universal Music Group last year.

Source: Warner and Tencent Music to launch a joint record label, as they ink multi-year licensing deal

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