Universal Music China Distribution

Universal Music Group (UMG), an American-French global music corporation, has made a giant step forward in China. The company’s music will now be distributed via Tencent Music Entertainment Group (TME) in China through streaming platforms QQ Music, KuGou and Kuwo. UMG and TME will work together to design and develop Abbey Road Studios China, a “state-of-the-art recording and mastering facility” linked to UMG’s recording studio in London. Though rumors are floating around that Tencent wants to acquire a minority stake in UMG, the agreement at hand does not involve any equity exchange.