China’s Tencent, Warner Music partner for music streaming

Chinese fans of Linkin Park and Jason Mraz will be able to stream licensed music from Tencent Holding Ltd after the internet firm said on Thursday it had signed a distribution deal with Warner Music Group (WMG). […] Tencent doesn’t disclose how much money it makes from its music business, including its QQ Music streaming service, but QQ Music falls under its social network group, which contributed almost one quarter of total revenues for the third quarter, growing 47 percent from a year ago. Under the deal, Tencent will also help promote WMG’s artists through its video service, social networks and PC and mobile games. – Paul Carsten,Reuters
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