[Breaking News] Following the game, music ... Tencent Abandon music streaming exclusive rights

Shiver is an American video real-time streaming service that concentrates on video clip game online streaming, including broadcasts of esports competitions. Furthermore, it uses music programs, imaginative web content, and also more lately, in reality streams. It is run by Twitch Interactive, a subsidiary of Amazon.com, Inc. It was introduced in June 2011 as a spin-off of the general-interest streaming platform Justin.tv. Web content on the site can be checked out either live or by means of video clip as needed. The appeal of Twitch eclipsed that of its general-interest counterpart. In October 2013, the web site had 45 million distinct visitors, and also by February 2014, it was thought about the fourth biggest resource of height Web traffic in the USA. At the very same time, Justin.tv's moms and dad business was re-branded as Twitch Interactive to represent the shift in focus-- Justin.tv was shut down in August 2014. That month, the solution was acquired by Amazon for US$ 970 million, which later on led to the introduction of synergies with the business's membership solution Amazon.com Prime. Shiver acquired Curse in 2016, a driver of on-line video gaming communities and presented methods to buy games through links on streams along with a program permitting streamers to obtain payments on the sales of video games that they play. By 2015, Twitch had more than 100 million visitors each month. As of 2017, Jerk stayed the leading live streaming video service for computer game in the US, and also had an advantage over YouTube Gaming. As of February 2020, it had 3 million broadcasters monthly and also 15 million day-to-day active customers, with 1.4 million ordinary simultaneous individuals. As of May 2018, Twitch had over 27,000 companion channels.

Tencent music, who operates the largest music streaming service, the Maximum Music Streaming service, announced on August 31, I gave up all the music streaming exclusive rights.

This is a bad consolidation in the Tencent Content business. Music streaming services are two axes of Tencent Content business with games. The stock price of Tencent music fell 67% for six months.

Tencent was asked on July 24th from the National Market Supervisory Management of the National Market Supervisory Management General to cancel the exclusive contract with the copyright parties within 30 days. Tencent announced the official announcement that it fulfilled it.

According to Tencent, most exclusive contracts were terminated by August 23. For the unforgettable copyright holder, the 'statement of the monopoly license for music copyrights' was sent. We have implemented 100% of regulatory authorities.

Tencent Music is the largest music streaming service in China. In 2020, sales of $ 44.7 billion (about 5.2 trillion won), net profit fell $ 637 million (about W737.3bn). China, of course, concluded a monopoly agreement with world-famous music copyright holders and strengthens market dominant positions. come. SM, YG, and JYP were all China's exclusive contract partner. Circle

Tencent music has raised the scale through the acquisition merger. As of November 2020, the market share of 78% is a proprietary operator. China State Council Justice Requested Organization Requested that the regulatory agency has asked for a contract to terminate the implementation of the acquisition.

The 'minor online game (virtually) announced on the 30th, the Chinese government, followed by the Tencent, followed by Tencent.

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Tencent music stocks are still falling.

However, the music streaming exclusive termination is expected to not be a big hit in the position of the Tencent Music. Tencent has already been an overwhelming influence as a streaming platform, and there is no streaming service to compete in China. The Chinese government is not likely to permit foreign music streaming services.