Tencent Music Ordered to Unwind Exclusive Content Deals With Global Labels

The ruling was announced on Saturday by China’s State Administration for Market Regulation. It gave Tencent Music 30 days to unwind its exclusive deals with major international music suppliers and fined the company RMB500,000 ($77,100). The regulator also said that Tencent Music cannot seek hefty pre-payments from rivals to which it sub-licenses content.

Source: Tencent Music Ordered to Unwind Exclusive Content Deals With Global Labels

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