SHENZHEN, China, Might 17, 2021 /PRNewswire/ — Tencent Music Leisure Group (“Tencent Music,” “TME,” or the “Firm”) (NYSE: TME), the main on-line music and audio leisure platform in China, and Sony Music Leisure (“SME”) at this time introduced the multi-year extension of the digital distribution settlement between the 2 events.
TME will proceed to make music from SME accessible throughout all its on-line music platforms in mainland China, together with QQ Music, Kugou Music and Kuwo Music, in addition to its reside streaming platforms and WeSing, its on-line karaoke platform. As well as, TME’s on-line music platforms additionally will make music content material from SME accessible on sure designated related gadgets, equivalent to good audio system, tv, and in-car audio techniques, in mainland China.
“Extending our cooperation with SME was a pure next-step for us,” stated Cussion Pang, TME’s Government Chairman. “We stay up for leveraging our robust distribution channels to discover new methods of music advertising and marketing and the promotion of latest artists, in addition to deepening our attain to Japanese popular culture followers in China. With the music trade in China booming and set to change into more and more vital on the worldwide music map, we consider alliances equivalent to these allow our customers to have the absolute best expertise at their fingertips.”
Dennis Kooker, President, World Digital Enterprise and U.S. Gross sales, Sony Music Leisure, commented “Sony Music is happy to increase our valued partnership with Tencent Music to maximise the attain of our artists within the vitally vital market of China. We stay up for working with TME to develop additional progress within the Chinese language music market and drive better ranges of native funding in our world roster of wonderful expertise, which incorporates most of the world’s largest superstars.”
“TME has at all times maintained a deep and productive cooperation relationship with SME. Our large, actively-engaged consumer base, vibrant product portfolio and robust attraction to younger customers, coupled with SME’s main music library, uniquely place us to not solely entice extra music lovers but in addition open extra alternatives for artists whereas delivering worth for each,” stated TC Pan, TME’s Group Vice President of Content material Cooperation. “Wanting forward, we hope to spice up the digital consumption of music in China by the related IoT gadget market whereas exploring extra prospects for music advertising and marketing, to additional improve our self-reinforcing ecosystem.”
Andrew Chan, Managing Director, Sony Music Higher China, commented, “We’re happy to proceed the mutually useful relationship between SME and TME. Our renewed partnership will carry much more high-quality music and excellent artists to TME’s viewers and supply music followers in China with a wide-range of world-class content material decisions through compelling licensed digital platforms. Whether or not coming from China or elsewhere on the earth, SME’s artists will leverage TME’s industrial and advertising and marketing capabilities to understand their potential in a diversified and dynamic Chinese language music market.”
About Tencent Music Leisure
Tencent Music Leisure Group (NYSE: TME) is the main on-line music and audio leisure platform in China, working the nation’s extremely fashionable and revolutionary music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. Tencent Music’s mission is to make use of expertise to raise the function of music in individuals’s lives by enabling them to create, get pleasure from, share and work together with music. Tencent Music’s platform contains on-line music, on-line audio, on-line karaoke and music-centric reside streaming providers, enabling music followers to find, pay attention, sing, watch, carry out and socialize round music. For extra data, please go to ir.tencentmusic.com.
About Sony Music Leisure
Sony Music Leisure is headquartered in New York, USA, and is likely one of the world main music recording firms. It owns a number of influential music labels together with RCA, Columbia, Arista, EPIC, and so on. It has persistently nurtured and promoted iconic artists within the music trade, and owns a large catalogue of famend audio and video recordings. SME Higher China artist roster consists of G.E.M., Karen Mok, Eric Chou, Evan Lin, Nana Ou-yang, and so on. For extra data, please go to: https://www.sonymusic.com.
Secure Harbor Assertion
This press launch accommodates forward-looking statements. These statements are made beneath the “secure harbor” provisions of the U.S. Personal Securities Litigation Reform Act of 1995. Statements that aren’t historic info, together with statements in regards to the Firm’s beliefs and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties, and plenty of components may trigger precise outcomes to vary materially from these contained in any forward-looking assertion. In some circumstances, forward-looking statements might be recognized by phrases or phrases equivalent to “might,” “will,” “anticipate,” “anticipate,” “goal,” “purpose,” “estimate,” “intend,” “plan,” “consider,” “potential,” “proceed,” “is/are more likely to” or different related expressions. Additional data concerning these and different dangers, uncertainties or components is included within the Firm’s filings with the SEC. All data offered on this press launch is as of the date of this press launch, and the Firm doesn’t undertake any responsibility to replace such data, besides as required beneath relevant legislation.
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SOURCE Tencent Music Leisure Group