2021-07-12
This who didn't understand this, it is a win win for the labels here, they get more revenue streams as competition increases in China. This order would the Streaming company and not the music labels, they're pretty safe out there. https://www.reuters.com/...
Reuters
Sources: China to order Tencent Music to give up exclusive rights to music labels, and fine ~$77K for lapses in reporting the acquisitions of two streaming apps
China's antitrust regulator is set to order the music streaming arm of Tencent Holdings Ltd (0700.HK) to give up exclusive rights …