Rebecca Davis editorUniversal Music Group’s China division on Thursday announced the launch of “Magic Muses,” its first local label in over a decade.It will be focused solely on soundtracks and scores, seeking to work with local artists and composers to create tracks for Chinese film and TV projects.Veteran film marketing executive Kelvin Hou will be the Beijing-based label’s CEO. Hou is the founder and former CEO of Chinese film website Mtime.