Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Television Broadcasts Reaches License Deal With Music Group

Don't Miss Out —
Follow us on:

Nov. 19 (Bloomberg) -- Television Broadcasts Ltd., operator of Hong Kong’s biggest TV station, said it reached a license deal with a group representing music companies, including Sony Corp. 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., 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 wlee37@bloomberg.net

To contact the editor responsible for this story: Jim McDonald at jmcdonald8@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.