Chinese Internet service provider Tencent and Warner Music Group recently announced a partnership that will see the distribution of the company's catalog in China. Notably, Warner Music Group also recently acquired Gold Typhoon's catalog of popular music from China, Hong Kong and Taiwan.
The deal marks the first master distribution partnership in mainland China and is likely a signal of more to come. In a similar move, Alibaba recently partnered with music publisher BMG.
Thus far, Tencent and Warner Music Group have yet to release details on how the partnership will earn profits or share revenue.
By revenue, Tencent is the fourth largest Internet company in the world following Amazon, Google and eBay. Tencent is behind the popular app WeChat.