Music streaming

Tencent/UMG deal could squeeze out rival music distributors

Tougher days are expected for the likes of NetEase Cloud Music and Baidu Music if Tencent moves forward with a 10% stake purchase in Universal Music Group.

Tencent’s attempt to acquire a minority stake in Universal Music Group (UMG) is a red flag for China's music streaming platforms as it may prevent them from entering into any licensing deal with the world’s largest record label.

¬ Haymarket Media Limited. All rights reserved.

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