Tencent axes all exclusive label deals in China following antitrust clampdown

After being hit with an exclusivity ban by China’s State Administration of Market Regulation (SAMR) in July, Tencent published a statement on WeChat on Tuesday (August 31) announcing that as of August 23, it had officially written to all “upstream copyright” holders to end their exclusive agreements.

Source: Tencent axes all exclusive label deals in China following antitrust clampdown

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