The two companies have banked more than $1bn from Spotify shares – what will TME bring their way?
The post Warner and Sony buy $200m of shares in Tencent Music Entertainment ahead of streaming company’s US IPO appeared first on Music Business Wor…
Category archives: Tencent Music
Tencent Music files for IPO in the United States, posts gross profit of $526m in H1 2018
F-1 filing hits SEC in the US, revealing latest financial stats for Chinese company
The post Tencent Music files for IPO in the United States, posts gross profit of $526m in H1 2018 appeared first on Music Business Worldwide.
Tencent Music Slashes Its Expected IPO Raise to $2 Billion
Reuters says Tencent Music halved its IPO. Its parent company dismissed the report. So, who should we believe? Ahead of its expected launch in the US, Tencent Music’s parent company has reportedly halved the amount it seeks to raise for the IPO. The…
Tencent Music Cuts IPO In Half [REPORT]
Tencent Music Entertainment Group, China’s most popular music streamer, now hopes to raise about $2 billion in a U.S. IPO, down from an original ask of $4 billion. The music subsidiary of Chinese tech giant Tencent Holdings filed confidentially with the U.S. SEC earlier this month, three people with knowledge…
Tencent Music Sets Oct. 18th For $30B US IPO
Tencent Music Entertainment will submit its IPO to the US Securities and Exchange Commission on September 7th with its IPO slated for October 18th, sources within China are reporting. Goldman Sachs and Morgan Stanley are underwriting the IPO at a value of about $30 billion, just under Spotify’s market value…
Tencent Music’s $30 Billion IPO Is Reportedly Arriving In a Matter of Weeks
Expect Spotify to earn a massive windfall from Tencent Music’s upcoming IPO launch. According to a new report, Tencent Music has already set a date for its IPO in the US. Citing IPO Zaozhidao, a reputable WeChat-based news blog, TechNode reports Tencen…
Tencent Music set to IPO in October, with expected $30bn valuation
Music’s next multi-billion dollar flotation is on its way…
The post Tencent Music set to IPO in October, with expected $30bn valuation appeared first on Music Business Worldwide.
Latest Industry: Spotify, LiveXLive, Pandora, Tencent Music, Apple Music, SoundCloud, Facebook, More…
“Okay, so maybe the Hate Content policy wasn’t such a good idea.” In a keynote Q&A at the Code Conference in California, Spotify CEO Daniel Ek admitted that the company mismanaged its Hate Conduct policy that took down certain controversial artists…
Sony and Tencent launch a record label together in Asia
Liquid State was launched in Hong Kong this week
The post Sony and Tencent launch a record label together in Asia appeared first on Music Business Worldwide.
Spotify’s mini-merger with Tencent Music isn’t just about power – it’s about getting rich quick.
What the 10% equity ‘swap’ between Spotify and Tencent Music really means
The post Spotify’s mini-merger with Tencent Music isn’t just about power – it’s about getting rich quick. appeared first on Music Business Worldwide.