TuneCore a "cash-flow" crisis in 2012. Price has sued TuneCore for severance compensation and has alleged that the company may have been insolvent, an accusation that the company appears to dispute. Tunecore was acquired by Denis Ladegaillerie's Believe Digital in April 2015. The acquisition opened up artists' access to Believe Digital’s wider distribution network and label services. Both of the companies remained operationally separate, while jointly claiming to represent of 25 to 30 percent of the new music uploaded to iTunes each day. After the acquisition, TuneCore and Believe used their newly increased leverage in negotiations with digital services including Spotify
Electricity sector in Hong Kong Electricity sector in Hong Kong Electricity sector in Hong Kong ranges from generation, transmission, distribution and sales of electricity covering Hong Kong. There are two main providers of electricity in Hong Kong. Power generation in Hong Kong is managed by two major companies under a Scheme of Control arrangement with the Hong Kong Government. These companies effectively operate in a regulated market. The Hongkong Electric Company (HEC; ) was founded on 1 December 1890 in British Hong Kong. HEC's supply area includes Hong Kong Island and Lamma Island. HEC owns and operates: The CLP Power Hong Kong Limited (CLP; )