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The Chinese music-streaming giant just purchased 4 million shares in a newly public WMG, which is home to the likes of Tom Petty, Led Zeppelin and Cardi B
Universal Music Group, home to megastars like The Beatles and Taylor Swift, sells a 10% stake to Chinese tech and entertainment giant Tencent
By making select releases premium-only, this company is showing high-profile competitors that the practice might have legs
The music-streaming company may be trying to own the international music business in China by accumulating minority stakes in the most powerful music-related companies in the U.S. and Europe
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