Tencent Music is the product of a digital music business merger between China Music Group (CMC) and QQ Music under Tencent in 2016. On the basis of adhering to authorities requirements, Tencent said that it will continue to cooperate with upstream copyright parties in a non-exclusive way. Tencent will not investigate the responsibilities of the copyright parties arising from authorizing other parties music copyright. SEE ALSO: Tencent Music Ordered to Give Up Exclusive Online Music Licensing Rights, Benefiting CompetitorsĮxceptional cases included cooperation periods with independent musicians that do not exceed three years or the exclusive launching period of new songs that do not exceed 30 days. The company also sent statements to the upstream copyright parties that failed to cancel the contract on schedule to express its intention of giving up theirexclusive authorization of music copyright. Tencent said that, as of August 23rd, most exclusive agreements had been terminated according to regulations. Tencent said on Tuesday that it has exited all exclusive music copyright agreements it had been engaged in after Chinese regulators barred it from such deals last month, requiring the company to relinquish exclusive music licensing rights within 30 days.
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