Sunday, November 28, 2021

Tencent terminates all exclusive music agreements

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SHANGHAI (Reuters) – Tencent Holdings said on Tuesday it has exited all exclusive music copyright agreements it had been engaged in after Chinese regulators barred it from such deals last month.

Tencent said it had notified all parties it had been engaged in such agreements with in a statement on its official WeChat account.

(Reporting by Brenda Goh, Editing by Louise Heavens)

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