Sony Music Breaks From Exclusive China Licensing Agreement to Sign with Both Tencent and NetEase

Sony’s NetEase deal is the latest to shift power away from TME in China’s streaming industry and make the space slightly more competitive. It comes amidst a government antitrust probe of TME and its parent company Tencent Group. TME announced its quarterly results on Monday and acknowledged that regulators are taking a growing interest in its business.

Source: Sony Music Breaks From Exclusive China Licensing Agreement to Sign with Both Tencent and NetEase

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