Tencent Music Entertainment and Merlin Renew Multi-Year Licensing Agreement, Deepening Long-Term Partnership to Create a New Model of Global Music Copyright Cooperation

Rhea-AI Summary

Tencent Music Entertainment Group (TME, NYSE: TME) has renewed its multi-year licensing agreement with Merlin, the global digital rights agency for independent music. This renewal enhances their strategic partnership, allowing TME to integrate Merlin's extensive music catalog into its platforms like QQ Music and WeSing, enhancing users' music experience. TME aims to bring diverse global music content to its Chinese audience, while Merlin supports its members by improving their market reach. Both companies are poised to explore new opportunities in the digital music landscape.

Positive

• Renewal of multi-year licensing agreement with Merlin, enhancing strategic partnership.
• Integration of Merlin's diverse music catalog into TME's platforms, including WeSing.
• TME committed to enriching its music offerings with international content.

Negative

• None.

SHENZHEN, China, Nov. 2, 2020 /PRNewswire/ -- Tencent Music Entertainment Group (Tencent Music or TME, NYSE: TME), the leading online music entertainment platform in China, and Merlin, the global digital rights agency for the world's independents, jointly announced that the two parties have renewed their multi-year licensing and cooperation agreement. As part of the renewal, TME and Merlin will deepen their longstanding strategic partnership, explore ways to drive the creation of music value, and enhance the music experience for TME's users.

Under this agreement, Merlin will also now license into TME's social community, WeSing, a dynamic online karaoke service in China. Through this cooperation, Tencent's users will enjoy Merlin's members' diverse repertoire for a richer music experience. In addition, Merlin's renewed partnership will continue to include TME's QQ Music, KuGuo, and Kuwo music streaming services.

As a pioneer and leading online music entertainment service in China, TME reached its initial strategic cooperation agreement with Merlin in 2018. 

TC Pan, Group Vice President of Content Cooperation of TME said, "Merlin has the world's top musicians with a strong appeal among Chinese music fans. This collaboration not only creates a 'music express' for Chinese lovers of global music, but also enriches the overseas music library of online karaoke for users, to meet the demand for an international singing music and entertainment experience. TME's strong advantages in music digital transformation, user operation, and big data management will combine with Merlin's high-quality music content to explore the organic integration of overseas music with the Chinese digital music market."

TME is committed to bringing high-quality overseas music content into China, including through its partnerships with labels that cover Europe, the United States, Japan, South Korea, Southeast Asia, and other countries. The music genres range from popular to independent pioneers, from film and television music to variety music, from classic to new sounds. The TME-Merlin partnership helps to achieve this mission, unlocking a wide range of content from countries around the world through the breadth of Merlin's membership.

"We are excited to renew our agreement with Tencent and expand our strategic partnership, including the extension of our deal into the dynamic WeSing service. Merlin's members represent the most iconic and diverse repertoire in the world," said Jeremy Sirota, CEO of Merlin. "We look forward to continuing to support our members in engaging their fans and finding new listeners for the music that resonates with them."

Merlin navigates the music ecosystem by striking premium deals with digital services that enable its members to better control their future. Merlin likewise provides digital services with the ability to efficiently license the world's most valuable independent music. Merlin members account for more than 15% of the global digital music market, representing tens of thousands of labels and hundreds of thousands of artists, with artists from virtually every country in the world.

This list includes: Armada Music, an independent internationally-awarded record company founded by a.o. Dutch DJ Armin van Buuren, with a roster including global dancefloor hit makers such as Loud Luxury, Andrew Rayel and W&W; global independent record label [PIAS], whose artists include the soulful Arlo Parks, ambient pop stars Cigarettes After Sex, Northern Irish indie rock band Two Door Cinema Club, and Bristol punk band Idles; and The state51 Music Group, featuring London-based, Korean-born pop artist nijuu, legendary singer-songwriter Donovan, rocker/10cc founder Kevin Godley, and psycho-sonic songsmith Cosey Fanni Tutti.

About Tencent Music Entertainment 

Tencent Music Entertainment Group (NYSE: TME) is the leading online music entertainment platform in China, operating the country's highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. TME's mission is to use technology to elevate the role of music in people's lives by enabling them to create, enjoy, share and interact with music. TME's platform comprises online music, online karaoke and music-centric live streaming services, enabling music fans to discover, listen, sing, watch, perform and socialize around music. 

For more information, please visit https://www.tencentmusic.com/ 

About Merlin

Merlin's membership represents more than 15% of the global market share. Members consist of independent labels, distributors and other rights-holders, representing tens of thousands of labels and hundreds of thousands of artists from every country in the world. Merlin navigates the music ecosystem by striking premium deals with digital services that enable its members to better control their future. Digital services have the means to efficiently license the world's most valuable independent music.

Merlin's members include the likes of Amuse, Armada Music, AVL Group (including CD Baby and DashGo), Cinq Music Group, Curb Records, Domino, Entertainment One, Epitaph Records, Foundation Media, KVZ Music, Mad Decent, mtheory, Mushroom Music, Ninja Tune, ONErpm, [PIAS], Secretly Group, Symphonic Distribution and Sub Pop.

Merlin has deals with over 30 digital partners, including Boomplay, Deezer, Facebook/Instagram, JioSaavn, KKBox, Pandora, Snap, SoundCloud, Spotify, TikTok, Triller, UMA, Yandex and YouTube Music.

Find out more at http://www.merlinnetwork.org

Media Contacts

TME:
Edmond Lococo, ICR Inc.
E-mail: TME.PR@icrinc.com
Phone: +86 138-1079-1408

Merlin:
Dawn Kamerling, The Press House
Email: dawn@thepresshouse.com

 

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SOURCE Tencent Music Entertainment

FAQ

What is the significance of Tencent Music's partnership with Merlin?

The renewal of the partnership strengthens Tencent Music's content offerings and enables deeper integration of independent music into their platforms.

When was the licensing agreement between Tencent Music and Merlin renewed?

The licensing agreement was renewed on November 2, 2020.

How will the renewed agreement affect Tencent Music's services?

It will enhance the music experience for users on platforms like QQ Music and WeSing by providing access to a wider range of global music content.

What platforms will benefit from the Tencent Music and Merlin agreement?

The agreement will benefit TME's QQ Music, KuGuo, and WeSing platforms.

What percentage of the global digital music market does Merlin represent?

Merlin represents more than 15% of the global digital music market.