Vivendi turns to Tencent to gain Universal foothold in China via ReutersTV
), and owns Asian streaming app Joox, would also have an option to buy a further 10% of Universal.
Jerry Dellis, an analyst at Jefferies, also said in a note to clients that U.S. political opposition to Chinese investment in what could be considered a strategic asset could obstruct a deal.A deal with Tencent could boost Universal’s presence and build on a partnership struck two years ago, under which Tencent can license Universal’s music for distribution over its streaming platforms.
Tencent also faces stiff competition from China’s privately held ByteDance, whose popular social media, video sharing and music sites include Toutiao and TikTok. After a cash-burning competition among companies to snap up music rights, China’s content regulator last year demanded music streaming sites share 99% of their rights reserve with each other.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Vivendi turns to Tencent to gain Universal foothold in ChinaVivendi is in talks to sell a 10% stake in its prized and lucrative Universal Music Group to Chinese tech company Tencent as it seeks to expand its presence in Asia.
Baca lebih lajut »
Philippines' Duterte plans China visit to discuss South China Sea rulingPhilippine President Rodrigo Duterte will soon meet his Chinese counterpart Xi J...
Baca lebih lajut »
China Box Office: ‘Nezha’ Is 10th-Highest Grosser Ever in China After Two WeekendsChinese animation “Nezha” has proven itself China’s surprise hit of the summer, and is on track outstrip “Avengers: Endgame” to become China’s third highest-ever grossing film. It continued to smas…
Baca lebih lajut »
With Currency Manipulator Label, China Trade War Moves Into Unchartered WatersTreasury labels China a currency manipulator. 'We just threw gasoline on the fire.'
Baca lebih lajut »
JPMorgan confirms winning bid to take majority stake in China fund JVJPMorgan confirmed it had won an auction to hold a majority equity stake in its ...
Baca lebih lajut »