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Tencent Music now has joint labels with all ‘big three’ record labels

The music streaming arm of Tencent is further tightening its ties with the “big three” record label companies, its major licensing partners. Tencent Music Entertainment announced Tuesday that it has formed a new joint label with Warner Music Group, following similar deals with Universal Music Group in August 2020 and Sony Music Entertainment in early 2018.
The collaboration will take advantage of “Warner Music’s global resources and experience in supporting artists’ careers, as well as TME’s massive influence in mainland China’s music and entertainment market,” TME says in an announcement.
The joint label established with UMG similarly aims to …

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