Tencent, Sony strike China music distribution deal

By Paul Carsten BEIJING (Reuters) – Chinese Internet giant Tencent Holdings Ltd has struck the latest in a string of music distribution deals, this time with Sony Music Entertainment, as it teams up with labels to try to develop China's paid-for music market and curb piracy. The partnership, announced on Tuesday, will give Tencent the right to distribute Sony Corp's music catalog online in China, including artists like Daft Punk, Bob Dylan and Yo-Yo Ma. Tencent, which operates China's biggest messaging app WeChat, did not disclose financial terms of the deal. …

Source: Yahoo Music
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