Warner Music in first big label music deal in China

2014/11/14 00:12:38 @Entertainment News Headlines — Yahoo! News

Warner Music announced a partnership Thursday with Chinese Internet company Tencent that will include streaming, in the first such deal for a major global record label in the huge market. The Warner Music Group, whose roster of artists ranges from Prince to Coldplay, said the deal would let it distribute to Tencent & #039;s platforms across China including QQ Music, a start-up streaming service similar to Spotify. The deal is the first for one of the three global label conglomerates in China, where international companies have long complained that rampant piracy has slashed revenues for creators of everything from music to software. The deal is the latest expansion into Asia for the Warner Music Group, which earlier this year bought Hong Kong-based Gold Typhoon, which both signs local artists and runs the China operations for international stars including Japanese girls group sensation AKB48.
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