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China Prohibits All Music Platforms From Inking Exclusive Copyright Deals
Beijing, China. Image Credit: zhang kaiyv About 4 months just after Tencent Tunes (NYSE: TME) officially canceled its special-music deals to comply with an purchase from the Chinese federal government, a copyright-oversight agency has barred all domestic streaming platforms from signing the agreements. This most recent development in the Chinese government’s prolonged-managing tech-sector “antitrust” crackdown was issued specially by the Nationwide Copyright Administration of China (NCAC), all through a modern assembly in Beijing, according to a report from the Taipei Moments. Increased-ups from Chinese streaming solutions and the broader audio field assembled for the gathering in dilemma, for every a statement that the NCAC posted on Tencent’s WeChat application. And…