Breaking News

Syriza Places First in Greek Election, Exit Poll Shows

Television Broadcasts Reaches License Deal With Music Group

Television Broadcasts Ltd. (511), operator of Hong Kong’s biggest TV station, said it reached a license deal with a group representing music companies, including Sony Corp. (6758) and EMI Group Ltd., resolving a dispute on copyright fees.

The agreement with the Hong Kong Recording Industry Alliance Ltd. covers the use of music and videos and will run to 2014, Television Broadcasts said in an e-mailed statement today. “The parties are delighted that the long dispute has come to an end,” it said.

Hong Kong Recording Industry Alliance represents Sony, EMI, Universal Music Group, Warner Music Group Corp. (WMG), and BMA Investment Group Ltd., according to the group’s website.

Television Broadcasts fell 0.4 percent to HK$45.40 in Hong Kong trading yesterday and has gained 8 percent this year, outperforming the 20 percent decline in the city’s benchmark Hang Seng Index.

To contact the reporter on this story: Mark Lee in Hong Kong at

To contact the editor responsible for this story: Jim McDonald at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.