1

Universal Music Ties With Tencent In Major Expansion Into China

SOURCE:

Sign in to view read count
Universal Music Group and Tencent Music Entertainment Group have entered into a partnership that will significantly expand the international music market in China.

Under the terms of a new deal, China's Tencent Music Entertainment (TME) will distribute music from UMG's vast global catalog on its popular streaming platforms QQ Music, KuGou and Kuwo.

TME also becomes the master distributor and licensing partner, exclusively sub-licensing  content to other music services in China.

In China, TME is one of the largest music platforms, providing over 17 million songs to 600 million monthly active users, including more than 15 million paying subscribers.

Other major music groups are expected to follow with similar deals.

Abbey Road China Studio Planned

To accelerate the development of Chinese recording artists, UMG and TME will work together to design, build and develop Abbey Road Studios China, a state-of-the-art recording and mastering facility inspired by UMG's iconic recording studio in London.

Continue Reading...

This story appears courtesy of HypeBot.
Copyright © 2017. All rights reserved.

Tags

Shop

News

Timely announcements from the industry.

Post a comment

comments powered by Disqus

Why wait?

Support All About Jazz and we'll deliver exclusive content, hide ads, and provide read access to our future articles.