TME - Spotify Rival Tencent Music Strikes Chord With Universal Music In Renewed Pact | Benzinga
Tencent Music Entertainment Group (NYSE: TME), an online music and audio entertainment platform in China, renewed a multi-year strategic licensing deal with Universal Music Group (OTC: UMGNF).
As per the terms, TME will continue to have access to UMG's music catalogue for QQ Music, Kugou Music, Kuwo Music, and WeSing.
The expansive partnership also comprises music streaming in Dolby Atmos and high-definition (HD) formats.
"UMG has been an invaluable ecosystem partner to TME with deep mutual