In 219, Jay Chou's copyright belongs to Tencent Music Group.

On May 16th, 217, Tencent Music Entertainment Group announced that it had signed a strategic cooperation agreement with Universal Music Group on digital rights distribution in Chinese mainland. This means that Tencent has the exclusive copyright of Universal Music, Sony Music and Warner Music, the world's three major record companies.

however, the price behind this is not low. It is reported that in the copyright war between Tencent Music and friends for the whole world, the exclusive agency fee rose with the competition, and finally rose from $3 million to $35 million plus $1 million in equity. According to the second quarter financial report of Tencent Music, the revenue cost of Tencent Music in the second quarter of 219 was 3.96 billion yuan, a year-on-year increase of 46.1% compared with 2.71 billion yuan in the same period last year. In the first quarter of 219, its revenue cost was 3.7 billion yuan, an increase of 52.2% compared with 2.43 billion yuan in the same period last year.

Tencent Music signed an exclusive copyright in China, which is not consistent with international practice. Other platforms must obtain copyright sublicense from Tencent Music. In fact, Jay Chou can bring 15% active users to a music platform. This means that no matter how high the price is, as long as Tencent Music is willing to sublicense, other platforms may have to pay cash.

It is reported that record companies such as Universal Music Group, Sony Music Entertainment and Warner Music Group all sold the exclusive rights of most of their music to Tencent Music. After obtaining the copyright, it is unfair for Tencent Music to resell the content copyright to smaller competitors. In fact, the ultimate loser is the user.