Friday, 24 March, 2023

China denies exclusive online music rights to Tencent 

<p>Tencent Holdings has been barred by Chinese regulators from exclusive music copyright agreements and fined the company for unfair market practices. The government of China has increased its antitrust actions as Tencent has been fined 500,000 yuan after its acquisition of China Music Corporation. New acquisitions of Tencent increased its leverage over upstream copyright parties and allowed it to restrict new entrants.</p>