M/24/076 – Tencent Music/GMM Music (JV)
Transaction details
The proposed creation of a full function joint venture between Tencent Music Entertainment Hong Kong Limited and GMM Music Public Company Limited has been cleared by the Competition and Consumer Protection Commission
| Notification date | Decision date |
|---|---|
| Friday December 6, 2024 | Monday, December 23, 2024 |
| Parties Involved | Business activities |
|---|---|
| Tencent Music Entertainment Hong Kong Limited | Tencent Music Entertainment Hong Kong Limited is an online music and audio entertainment platform in China, and operates music apps, including QQ Music, Kugou Music and WeSing. Tencent Music Entertainment Hong Kong Limited provides a library of music content, professionally generates video content in live and recorded format, such as music videos, concerts and music shows. |
| GMM Music Public Company Limited | GMM Music Public Company Limited is primarily active in Thailand and operates an integrated music business. GMM Music Public Company Limited engages in artist selection, music production, music content marketing, music copyright management, physical and digital music distribution, concerts and festival organising and artist management. Additionally, GMM Music Public Company Limited operates a school for singers, musicians and artists to develop their potential and become professional artists. GMM Music Public Company Limited is active in the wholesale of digital music content outside of Thailand and enters into licence agreements with digital service providers located in the State. |
| Economic sector | Media merger |
|---|---|
| Entertainment & Recreation | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Friday, December 20, 2024 | |
| Current status: Completed |
|---|
| Simplified Merger Notification |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Áine Brady | ainebrady@ccpc.ie |
Media enquiries: communications@ccpc.ie
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