Tencent and Warner Music sign multi-year licensing agreement

March 22, 2021 4:19 PM EDT

The logo of China's Tencent Music Entertainment Group is seen next to the apps of its music services QQ Music, Kuwo and Kugou, in this illustration picture taken March 22, 2021. REUTERS/Florence Lo/Illustration

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(Reuters) - Tencent Music Entertainment Group and Warner Music signed an expanded multi-year strategic licensing agreement and agreed to establish a joint venture music label in China, the companies said on Monday.

(Reporting by Tiyashi Datta in Bengaluru; Editing by Shinjini Ganguli)

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