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Transol's music unit signs licensing deal in China

Transol's music unit signs licensing deal in China

Technology and mining investment company Transol (ASX:TNC) has revealed that its 80% owned digital music distribution subsidiary, Valleyarm Digital, has signed a licensing deal with a Chinese music company.

The company has entered into a licensing agreement with Beijing R2G Music involving making Valleyarm's catalogue available through R2G's Wawawa Music Store.

Wawawa also has distribution deals in place through all three of the company's telecom operators, China Mobile, China Telecom and China Unicom.

Transol said it will give Valleyarm artists and labels access to a potential audience of over 500 million subscribers across R2G's mobile channels.

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Tags Chinadigital musicTransolValleyarm DigitalASX:TNC

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