Music industry consultancy and news site Music Ally has teamed with Kanjian Music, the Chinese music services company, to launch Music Ally China. This new venture will bridge the gap between the rapidly-expanding and commercially-unique Chinese music business and the western and Japanese music industries. Music Ally China will publish…
Category archives: China
Tencent Music Reports Subscriber, Revenue Growth Amid Management Shakeup
Tencent Music announced that co-president Guomin Xie has abruptly resigned. The dominate music streamer in China also reported that monthly actives increased 4.6% from 625 million in Q1 2018 to 654 million in Q1 2019. Paid monthly actives also increased by an impressive 27.4% to 28.4 million in Q1 2019….
Enrollment for Point Blank China Now Open & New Studio Pictures Revealed
Back in January, we announced the official Groundbreaking Ceremony for our new Point Blank China site at Hangzhou’s International Expo Centre. Now we’re excited to share an update on the development of our new Far East venture along with work in progress pictures of the new studios! In addition to all this, our Point Blank China […]
The post Enrollment for Point Blank China Now Open & New Studio Pictures Revealed appeared first on Point Blank’s Online Magazine.
Apple Music Slammed For Bowing To Chinese Censors
After pressure from authorities in China, Apple Music has removed songs with lyrics that refer the Tienanmen Square massacre. Several members of Congress members are calling out Apple for bowing to pressure and missing the chance to "become a stronger voice for freedom around the globe." Thousands of pro-democracy demonstrators…
Tencent Music [NYSE: TME] Stock Fell 11% Wednesday
UPDATE 2: Tencent Music [TME] stock took a hit Wednesday after the streamer’s first post-IPO report to investors included a $127 million quarterly loss. Tencent stock closed Wednesday at $16.66 USD, down $1.91 or 10.29% and fell another 1% in after hours trading. Investors were not happy, even though the…
Tencent Music Posts $127M Loss, 664M Monthly Active Users
Tencent Music posted a $127 million loss in its first quarterly report its a December 2018 IPO. The loss, which the streamer forecast in its IPO prospectus stems from a one time $221 million stock issuance to Warner Music Group and Sony Music Entertainment. Tencent Music reported 664 million monthly…
Symphonic Distribution Expands To China
Independent music distributor Symphonic has expanded its reach to China via partnershipd with Tencent, NetEase and soon, says the company Alibaba.The new deals were spearheaded by indie rights powerhouse MERLIN. Content can be placed on Chinese music serives NetEase Cloud Music, Xiami (Alibaba), QQ Music, Kugou and Kuwo (Tencent Music…
Facebook Files Lawsuit To Stop Fake Likes, Followers
[UPDATED] Facebook and Instagram have filed a lawsuit in US Federal Court against four companies and three individuals for selling fake accounts, likes and followers. The China based companies being sued also target other online service providers including Apple, Google, LinkedIn and Twitter. "By filing the lawsuit, we hope to…
China Blocks Microsoft’s Bing, Despite Offering Censored Search
‘We’ve confirmed that Bing is currently inaccessible in China and are engaged to determine next steps,’ a Microsoft spokesperson said.
Point Blank Unveil New Studio Plans Following China Groundbreaking Ceremony
Last week officially marked the beginning of our new Far East venture in partnership with NetEase FEVER, Point Blank China. On 16th January a special Groundbreaking Ceremony was held at Hangzhou’s International Expo Center to commence the construction of the new site and celebrate the birth of our fifth electronic music school. The ceremony was hosted by […]
The post Point Blank Unveil New Studio Plans Following China Groundbreaking Ceremony appeared first on Point Blank’s Online Magazine.