UMG and Tencent Music Renew Multi-Year Licensing Pact ...Middle East

Universal Music Group and Tencent Music Entertainment have renewed their multi-year licensing agreement, the companies announced on Wednesday (Jan. 3). Under the renewed agreement between TME and UMG — first signed in May 2017 — Tencent will continue to distribute UMG content on its associated streaming platforms QQ Music, Kogou Music and Kuwo Music, as well as the karaoke platform WeSing. The expansive partnership also includes music streaming in Dolby Atmos and high-definition formats, according to the announcement. The companies last renewed their licensing pact in 2020, when it also launched a joint venture music l

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