Tencent, NetEase Form Music Copyright-sharing Partnership
TechWeb, 2/09/18
With support from China's State Administration of Press and Publication, Radio, Film and Television (SAPPRFT), Chinese internet firms Tencent (0700.HK) and NetEase (Nasdaq: NTES) recently reached a music copyright partnership agreement. Under the agreement, the two companies online and mobile music services, Tencent Music and NetEase Cloud Music, respectively, will share access to more than 99% of their exclusive music content under mutual licensing arrangements, and will form a long-term music licensing partnership. The parties will also actively open up access to their copyrighted music resources to other online music platforms.
Editor's Note: For more information on this topic, please see China's NCAC Calls on Internet Giants to Protect Online Music Copyrights, MD 9/13/17 issue, China's NCAC Clarifies Guidelines for Protection of Online Music Copyrights, MD 9/15/17 issue, and Tencent Music Halts Content Sublicensing Agreement with NetEase Cloud Music, MD 8/14/27 issue.
Keywords: wireless NetEase Internet online music copyright Tencent mobile music 0700.HK NTES SAPPRFT Tencent Music NetEase Cloud Music
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