Home Featured Top Slider Spotify, China’s Tencent In Stake Swap Talks That Could Mean Lower Payments...

Spotify, China’s Tencent In Stake Swap Talks That Could Mean Lower Payments To Labels, Artists

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Hypebot reports: “Spotify is in talks with the the music arm of Chinese internet giant Tencent Holdings to swap 10% stakes in each other’s businesses ahead of their expected public market listings next year, according to the Wall Street Journal. The combined negotiating power of the globe’s two most prominent music streamers could lead to lower payments for artists and labels in the future.”

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