Tencent Music Entertainment is displayed on the screen of an iPhone on June 12, 2018 in Paris, France.
The investigation is reportedly around Tencent Music’s exclusive deals with international majors Universal Music, Sony Music and Warner Music, and whether those deals violate Chinese anti-competition rules.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What Taylor Swift’s pivot to streaming reveals about the music industryIt is somewhat surprising given that the star has complained about meagre royalties from streaming services in the past back in MY day (when music was GOOD), we had to DOWNLOAD our songs, one by one! and our earbuds had little wires on them, that we had to PLUG IN to our 'i pod'. But that's back when people respected their elders. Get off my lawn!!!
Source: TheEconomist - 🏆 6. / 92 Read more »
Peloton is selling tons of bikes, but the biggest risk to its IPO may be the looming music industryWhile Peloton is generating close to $1 billion in annual revenue, it faces a $150 million lawsuit against the music industry and a complex royalty system. These are just going to sit in peoples basements w/ no use after 3 months. Are they selling to gyms? Like CrunchGym lifetimefitness These will be collecting dust soon👀 How about the material weaknesses in its S1
Source: CNBC - 🏆 12. / 72 Read more »