China to Force Tencent to Give Up Exclusive Music Label Deals: Report

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China to Force Tencent to Give Up Exclusive Music Label Deals: Report
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China's antitrust regulator is set to order Tencent Holdings' music streaming arm to relinquish its exclusive deals with record labels, according to Reuters.\r\n\r\n

Tencent Music Entertainment

China's antitrust regulator is set to order Tencent Holdings' music streaming arm to relinquish the exclusive distribution deals with record labels that helped it become the country's leading music streamer, according to a new report from The State Administration of Market Regulation has been investigating Tencent for antitrust violations since 2019.

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