Music Business News: Asia

DICE is now live in the UK, US, France, Italy, Spain, India and Australia

Deal also sees Instrumental enter into exclusive distribution partnership with Tencent Music Entertainment Group in China

Firm's recorded music streaming revenues grew by over $120m in the three months to end of September

Chinese giant acquires minority stake in UK-based firm used by all three major music companies

Mallik will also continue working as a music director on film projects

Local ADA team will be led by respected executive Kaz Aida, who joins from Universal Music

"We will uphold the stockholder's value in various terms by raising profitability, growth potential and contributions to society."

Label was launched in August 2019 in partnership with Universal Music India