Peermusic enters cooperation with Tencent Music
The cooperation provides the China giant access to Peermusic´s large catalogue.
Chinese music entertainment platform Tencent Music Entertainment Group (NYSE: TME) has signed an exclusive digital license agreement with peermusic.
The agreement concerns the promotion and distribution of the peermusic publisher's catalog. Following the agreement, Tencent users can now access the peermusic catalog through its streaming platform and other local digital platforms such as Kuwo Music, WeSing, QQ Music and Koguo Music. Peermusic is one of the largest music publishers in the world and its catalog contains songs by several artists. Famous artists whose music is available in the catalog include Justin Beiber, Beyonce, Rihanna, The Rolling Stones, Jimmie Rodgers, and Buddy Holly, among others.
There is also a list of producers and other artists under peermusic including Lee Wei Shiong, Lee Shih Shiong, Hamshore Tang, Sallam Remi, David Foster, Poo Bear, Maxim from the Prodigy, and De La Ghetto. The platform has sub-publishing partnerships as well as BMG, Anthem, Big Deal and Concord. An official director of Tencent Music Entertainment said the company seeks quality content from various partners around the world.
This is part of TME's commitment to delivering the best, most comprehensive catalog of music to customers. The director said that peermusic has an impressive and long track record as one of the largest music publishers in the world. Its catalogs contain music from the most extraordinary songwriters, making the platform ideal for partnering with TME. The official added that the company is pleased to offer great music to please consumers across China.
Peermusic has been heavily focused on the Chinese market and has seen massive growth since 2015 when the company opened its first office in the country. The platform was the first independent music publisher in mainland China and the first Western independent publisher to sign Chinese authors. Spencer Lee, president of peermusic Asia Pacific, said they are excited to partner with TME to bring the peermusic catalog and artist roasters to millions of Chinese fans.