China's market regulator asks Tencent to waive exclusive music rights--China Economic Net
China's top market regulator on Saturday ordered Tencent Holdings Ltd. and its affiliated companies to relinquish exclusive rights to music labels. To restore market competition, Tencent and its affiliated companies must end their exclusive music copyrights within 30 days and stop charging high prepayment and other copyright fees, according to an online statement released by China's State Administration for Market Regulation (SAMR). Tencent should not demand superior treatment compared to competitors from copyright owners without justified reasons, the SAMR added. The company was als...