The Deals: Twitch Signs Label Licensing Deals for DJ Live-Streams; Tencent Buys $70M Stake in Thailand-Based GMM Music ...Middle East

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The Deals: Twitch Signs Label Licensing Deals for DJ Live-Streams; Tencent Buys $70M Stake in Thailand-Based GMM Music
Twitch signed music licensing deals with all three major labels — Universal Music Group, Warner Music Group and Sony Music Entertainment — as well as “a large number” of indie labels represented by Merlin, according to a blog post. The deals specifically cover DJs who live-stream on the platform; other uses of music are not covered. Under the deals, starting this summer, DJs will need to opt into a new agreement that will apply to all streaming on their Twitch channels. Thereafter, a portion of DJs’ earnings on the platform will be paid to music companies, with the majority of those earnings subject to a 50-50 split

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