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NEWS
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Regulatory authorities prohibit copyright monopoly by Tencent Music Entertainment

On July 24, 2021, the Chinese regulatory authorities prohibited internet service giant Tencent Holdings from entering into exclusive music copyright agreements.

The State Administration for Market Regulation (SAMR) indicated that due to Tencent's acquisition of other companies, its exclusive music rights exceeded 80%, which potentially restricts new entrants to the market.

https://jp.reuters.com/article/china-regulation-tencent-idJPL4N2P107Q













































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