has been fined by Chinese regulators and ordered to terminate its exclusive content supply deals with major global music suppliers.
The regulator also said that Tencent Music cannot seek hefty pre-payments from rivals to which it sub-licenses content. Nor can it seek better terms than others from suppliers. However, it may continue to strike exclusive deals with smaller, independent labels. The size of the fine is a trifle for Tencent, which is one of the world’s largest tech conglomerates. That compares with figures ofappears to only confirm the direction that regulators have already been pushing.
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