On the evening of August 31, Tencent Music Entertainment Group officially released the "Statement on Relinquishing the Exclusive Rights of Music Copyright."
In the statement, Tencent Music Entertainment Group stated that it will waive the right to exclusive authorization of music copyright in the music copyright exclusive agreement with the relevant upstream copyright owner (exclusive cooperation with independent musicians for no more than three years, and exclusive debut of new songs Except for cases where the period does not exceed 30 days), the upstream copyright party can authorize other operators on its own and will not be held accountable for related responsibilities arising from the authorization of other operators.
continues to cooperate with the upstream copyright party in a non-exclusive way, and negotiates with the upstream copyright party on non-exclusive cooperation.
On July 24, the State Administration for Market Regulation ordered Tencent Holdings to remove the exclusive copyright of online music and other penalties: ordering Tencent and its affiliates to take 30 days to remove exclusive music copyrights and stop high prepayments and other copyright fees Measures to restore market competition, such as payment methods, and without justifiable reasons, must not require upstream copyright owners to give them conditions superior to their competitors.
In July 2015, National Copyright Administration issued the "Strictest Copyright Order", requiring all copyright-free music works to be offline before July 31 of that year.
In July 2016, Tencent and CMC reached an agreement to merge QQ Music with CMC and become the major shareholder of the new Music Group (Tencent Music) through asset swaps. (article | AI Finance and Economics Zhao Hao)
The full text of the "Statement on Relinquishing the Exclusive License Rights of Music Copyright"
Dear partners: On July 24, 2021, the State Administration issued the "Decision on Administrative Penalties for Tencent Holdings Co., Ltd.'s Acquisition of Equity in China Music Group for the Illegal Implementation of the Concentration of Undertakings" (Guo Shi Jian Office [2021] No. 67) (hereinafter referred to as the "Decision"" ),It is required that our company cancel the exclusive agreement reached with the upstream copyright party within 30 days from the date of issuance of the decision. Accordingly, in strict accordance with the requirements of the "Decision Letter", our company officially sent the "Music Copyright Authorization Cooperation Agreement Releasing Notice" and "Music Copyright Authorization Cooperation Agreement Reminder Letter" to the relevant upstream copyright parties by email to maximize the search and related The upstream copyright party terminates the exclusive agreement as soon as possible.
As of August 23, 2021, our company has sent relevant letters to all the upstream copyright parties of the exclusive agreements that have been reached, informing them that they need to terminate the contracts on time. Among them, most of the exclusive agreements have been terminated on time. On August 23, 2021, our company sent the "Statement on Relinquishing the Exclusive License Rights of Music Copyright" to the upstream copyright parties who failed to terminate the contract on time, expressly waiving the right to the relevant upstream copyright parties in relation to the exclusive license of music copyright, and notified the relevant upstream parties. The copyright owner can authorize other operators on its own. Accordingly, our company once again adopted this announcement, hereby declare:
1. Abandon the right of exclusive authorization of music copyright in the music copyright exclusive agreement with the relevant upstream copyright party (the exclusive cooperation period with independent musicians does not exceed three (Except for cases where the exclusive first release period of new songs does not exceed 30 days), the upstream copyright party can authorize other operators on its own, and will not be held accountable for related responsibilities arising from the authorization of other operators.
2. Continue to cooperate with the upstream copyright party in a non-exclusive way, and negotiate with the upstream copyright party on non-exclusive cooperation.
Our company cherishes and values good business relations with our partners. In the future copyright cooperation process, our company will work with all parties in the industry, as always, to jointly promote the prosperity and innovation of China's music industry.
Tencent Holdings Co., Ltd.
Tencent Music Entertainment Group
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