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Tencent and Sony in Distribution Partnership

Tencent Holdings has struck the latest in a string of music distribution deals, this time with Sony Music Entertainment, as it teams up with labels to try to develop China’s paid-for music market and curb piracy. The partnership, announced on Tuesday, will give Tencent the right to distribute Sony Corp’s music catalog online in China, including artists like Daft Punk, ... Read More »

Baidu & Xiaomi Struck a US$300 million Deal in iQiqi Video Site

Xiaomi (now China’s biggest smartphone vendor and #3 worldwide) and Baidu (NASDAQ:BIDU) are each investing $300M in Baidu’s iQiyi video site, according to China Business Daily Baidu, Youku, SOHU, and Tencent have been battling fiercely in a Chinese Web video market that features no dominant YouTube-like player for user-generated/short-form content, nor any dominant Netflix-like player for TV shows and movies. ... Read More »

Alibaba Eyes Expansion into Hollywood Content Offering

Alibaba Group Holding Ltd is looking to expand its entertainment content offering on its Internet television set-top boxes through deals with studios in the United States, Bloomberg reported. Alibaba Group executives are meeting with content providers, such as Walt Disney Co, Viacom Inc’s Paramount Pictures, Time Warner Inc’s Warner Bros, Sony Corp and Comcast Corp’s Universal.  The company is seeking deals that will provide it with ... Read More »