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.
Category archives: Tencent Music
Coronavirus panic just wiped nearly $5bn off the combined value of Vivendi, Spotify and Live Nation… in a day
MBW monitors how ‘Black Monday’ has hammered music stocks around the world
The post Coronavirus panic just wiped nearly $5bn off the combined value of Vivendi, Spotify and Live Nation… in a day appeared first on Music Business Worldwide.
Tencent Music antitrust investigation paused in China (report)
Investigation was put on hold in January
The post Tencent Music antitrust investigation paused in China (report) appeared first on Music Business Worldwide.
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.
Tencent-backed Gaana says its monthly user count has now surpassed 125m people
Company is adding over 3m active users every month
The post Tencent-backed Gaana says its monthly user count has now surpassed 125m people appeared first on Music Business Worldwide.
REWIND: The New Music Industry’s Week In Review
In this flip back through the past week’s music industry news, we revisit Spotify’s new ‘social listening’ test, Tencent’s move to charge for more current music and it’s broader industry impact, American Airlines ending of its oversize bag fees of on music gear, and more! Spotify Tests Social Listening Tencent…
Tencent Music Requires You Pay To Stream Current Music – Will This Catch On?
In an effort to increase its profitability, Chinese streaming giant Tencent has begun experimenting with limiting the amount of current hit music which its customers can access for free. Given the mixed results windowing saw in the US however, it remains to be seen whether this trend will catch on….
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….
Tencent Music Posts a $175 Million in Profit With 28.4 Million Subscribers in Q1 2019
Tencent Music Entertainment (TME) has released its financial report for the first quarter of 2019. In the three months ended March 31st, 2019, TME reported ¥5.74 billion ($855 million) in overall revenue. This figure jumped 39.4% over the same period …
THU. BRIEF: Splice Raises $57.5M • Tencent Music Tumble • Pandora Celebrates Spring • Tuner • More
THURSDAY 3.21.19
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