BMG, a music business subsidiary of Germany's Bertelsmann Group, has signed an exclusive online music distribution agreement for the Chinese market with Alibaba.
Under the agreement, Alibaba will become the exclusive online distributor of BMG music and artists in the Chinese market. Alibaba will sell those products on its own platforms such as Xiami.com. In addition, the Chinese e-commerce group will assume the monitoring responsibilities and take actions for BMG-related infringements in the Chinese market.
For large Internet enterprises in China, entertainment is an important asset to maintain user loyalty and prevent use loss to competitors. But neither Alibaba nor BMG released figures on the expected revenue derived from the venture.
In 2014, Alibaba's major competitor Tencent also formed similar alliance with global music companies. In December 2014, Tencent became the exclusive online distributor for Sony Music Entertainment in mainland China. In November 2014, Tencent signed a distribution agreement with Warner Music.
Russia and China were barely mentioned, but they were the threats in everyone’s minds in…
KANDAHAR, Afghanistan: An overnight exchange of fire at one of the main Pakistan-Afghanistan border crossings…
New Delhi: Mass cancellations of IndiGo flights across several cities in India have left thousands…
Michigan neurosurgeon shares why ‘Japanese people live longer’: And it’s more than just diet ByAkanksha…
Baba Vanga 2026 Prediction: Another prediction by the world's most famous seer, Baba Vanga, is…
It should have been a night for Crystal Palace supporters to savour. About 1,500 officially…