Tencent Music to Give Up Exclusive Music Rights as Chinese Authorities Intensify Antitrust Push
China’s antitrust regulator is set to order the music streaming arm of Tencent Holdings Ltd. to relinquish its exclusive music rights, Reuters reported on Monday, citing people with knowledge of the matter. In addition to giving up exclusive rights to music labels, Tencent Music Entertainment Group (TME) will no longer need to sell its …
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