Bromley Speaks to Rolling Stone on Tencent’s Proposed Bid for Stake in Universal Music Group

Manatt entertainment transactions and finance practice leader Jordan Bromley spoke with Rolling Stone on Tencent Music Entertainment’s bid to buy a minority stake in Universal Music Group. Bromley said he is “really excited” about the deal and that it could be a strategic alignment between two companies in the East and West. “Should this deal go through, I imagine that Universal artists will naturally get preferential treatment [on Tencent services] based on the greater financial reward Tencent will receive when that happens,” he said. “It looks like a strong synergy strategy.” Bromley also discussed potential responses to the deal from other music companies and changes to copyright law in China.