Paradise Distribution strikes groundbreaking License Deal with Tencent Music Entertainment (TME) - we have entered into a new license agreement with Tencent Music Entertainment (TME). As part of the agreement, Paradise licenses its (Master Rights) recording catalogue, including publishing rights (Copyright), to TME for usage on four of its successful music entertainment services: QQ Music, Kuwo, KuGou as well as WeSing.
Over the past few years China has been steadily climbing the IFPI’s ranking of largest music markets, especially for streaming. Accessing publishing income in China however remains incredibly difficult, especially for independent artists. Paradise’s agreement with TME will allow its clients to directly tap into both recording as well as publishing income from TME’s platforms.
This agreement allows our Paradise Publishing Service to generate more Publishing revenues in China and creates a lot of value for our Digital Distribution + our Publishing Administration Service.