Category archives: Tencent Music Entertainment

Tencent Music makes equity investment in Chinese music-for-business service, Radio Music Warehouse

‘Through this investment, we will jointly explore music-for-business market to add value to our music ecosystem.’
The post Tencent Music makes equity investment in Chinese music-for-business service, Radio Music Warehouse appeared first on Music Busine…

Tencent spends $263m to buy control of Chinese live streaming giant Huya

Huya continues to operate independently and remains headquartered in Guangzhou, China
The post Tencent spends $263m to buy control of Chinese live streaming giant Huya appeared first on Music Business Worldwide.

Screw you, Coronavirus. At least music’s streaming business is still booming.

How are music streaming services faring in a COVID-19-hit world?
The post Screw you, Coronavirus. At least music’s streaming business is still booming. appeared first on Music Business Worldwide.

Tencent Music generated over $1bn from online music last year, ending 2019 with 39.9m paying users

TME generated $514m from paying online music subscribers in the year
The post Tencent Music generated over $1bn from online music last year, ending 2019 with 39.9m paying users appeared first on Music Business Worldwide.

Tencent Music isn’t actually a Chinese company. Why should the global music business care?

Why the company’s Cayman Islands setup should be closely scrutinized by music’s biggest companies
The post Tencent Music isn’t actually a Chinese company. Why should the global music business care? appeared first on Music Business Worldwide.

Tencent, set to control 10% of Universal, also owns 9.1% of Spotify – but Daniel Ek has the final say on firm’s stake

Spotify’s founder and CEO has control of voting shares linked to Tencent’s stake in his company
The post Tencent, set to control 10% of Universal, also owns 9.1% of Spotify – but Daniel Ek has the final say on firm’s stake appeared first on Music…

Tencent’s Move to Buy 10% of Universal Music Group Shows the Global Music Business Is In Excellent Health

Nue Agency founder Jesse Kirshbaum on the biggest music biz deal of the year
The post Tencent’s Move to Buy 10% of Universal Music Group Shows the Global Music Business Is In Excellent Health appeared first on Music Business Worldwide.

Nearly 10% of tracks on Tencent Music services will be behind a paywall by the end of the year

Firm’s CEO, Cussion Pang, says it’s full steam ahead for paywall strategy in Q3
The post Nearly 10% of tracks on Tencent Music services will be behind a paywall by the end of the year appeared first on Music Business Worldwide.