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发帖数: 372 | 1 http://www.bbc.co.uk/news/business-39945100
Universal agrees deal to stream on China's Tencent's services
1 hour ago
From the section Business
AFP
Image caption
Tencent says it has has 600 million monthly active users in China
Tencent has struck a licensing deal to distribute Universal Music's content
on its streaming platforms in China.
Artists with Universal, the world's largest music company, will be available
on Tencent's QQ Music, KuGou and Kuwu services.
The companies will also build Abbey Road Studios China, inspired by the
famous London recording facility.
Tencent now handles music from three of the world's top labels including
Warner and Sony.
The deal not only covers Tencent's own platforms but also allows it to
exclusively sub-license Universal Music's content to third-party music
service providers in China.
The Chinese internet giant says it already provides more than 17 million
songs to 600 million monthly active users.
Entertainment industry veteran and president of Music Matters Jasper Donat
told the BBC it could be a "game changer" for the music industry in the Asia
Pacific region.
"Tencent is solidifying their claims as the only legitimate streaming
service in China and their reputation as a trustworthy partner in the music
industry," he said.
The chairman and chief executive of Universal Music Group, Sir Lucian
Grainge, said recent developments in technology and the commercial
environment in China meant is was "the right time for an innovative
strategic partnership with a leading Chinese company like Tencent".
Sir Lucian added that Tencent could help to speed up China's "music
ecosystem" and "inspire growth in creative and commercial opportunities for
all artists".
Mr Donat said the plan to build Abby Road Studios China would further
promote the country as "an exciting new opportunity for music artists while
still accepting that it is a challenging market to do business". |
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