China’s TF Entertainment inks deals with Tencent Music and rival NetEase Cloud Music… but Tencent gets a 30-day exclusivity window

TF Entertainment has struck deals with two China-based music streaming companies this week
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The independent artist market is exploding in China – with NetEase and Tencent battling to woo the best indie acts

Stat Of The Week: How indie acts are central to the strategies of China’s two biggest streaming music providers
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Tencent Music Entertainment Group and peermusic strike exclusive digital licensing deal in China

Catalog includes songs from artists like Jimmie Rodgers, Buddy Holly and The Rolling Stones to Rihanna, Beyoncé and Justin Bieber
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Tencent Music generated over $1bn from online music last year, ending 2019 with 39.9m paying users

TME generated $514m from paying online music subscribers in the year
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