“Tencent and the Consortium members are excited to support UMG’s growth through this investment.”
The post Official: Universal Music Group to sell 10% stake, worth over $3bn, to Tencent-led Consortium appeared first on Music Business Worldwide.
Category archives: Tencent
Tencent’s Universal bid needed rescuing – but might now go as high as 30% (report)
Tencent’s bid for 10-20% of Universal nearly fell through, but now it probably looks back on track
The post Tencent’s Universal bid needed rescuing – but might now go as high as 30% (report) appeared first on Music Business Worldwide.
Tencent plans to buy back up to $400m of its shares
Share Repurchase Program commenced on December 15
The post Tencent plans to buy back up to $400m of its shares appeared first on Music Business Worldwide.
Tencent invests $2bn in ByteDance rival Kuaishou – report
Short-form video firm is reportedly close to completing a $3 billion-pre-IPO funding round
The post Tencent invests $2bn in ByteDance rival Kuaishou – report appeared first on Music Business Worldwide.
Tencent isn’t planning on making $3bn investment in Universal by itself – report
Sources suggest Chinese company is seeking outside investment to complete deal
The post Tencent isn’t planning on making $3bn investment in Universal by itself – report appeared first on Music Business Worldwide.
Tencent wins Jay Chou copyright lawsuit against NetEase – report
The music streaming wars in China are getting hotter. NetEase Cloud Music (NCM) has reportedly just lost a copyright lawsuit against rival Tencent Music Entertainment (TME) in the region. According to reports from the likes of Caixin Global and other n…
TuneCore challenges major labels in China with Tencent partnership
TuneCore will makes artists’ recordings available to the platform’s listener base in the country
The post TuneCore challenges major labels in China with Tencent partnership appeared first on Music Business Worldwide.
Tencent Puts Select Music Behind Paywall, Promises More
Chinese music streaming giant Tencent Music Entertainment is experimenting with driving revenue by making some content exclusive and unavailable to its ad-supported users. It’s a practice once popular in label circles but vehemently opposed by streaming leader Spotify. According to Music Business Worldwide’s Tim Ingham, Tencent Music Entertainment has introduced…
FRI. BRIEF: YouTube Verification Revamp • Tencent Music’s Muscle • Instrumental + Corite • 1st On Soundcloud • More
FRIDAY 9.20.19
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Sony and Tencent’s ‘East meets West’ label, Liquid State, ramps up A&R with R3HAB signing, new projects
‘Liquid State is committed to making R3HAB not only one of the biggest artists in China, but also across the whole Asia continent.’
The post Sony and Tencent’s ‘East meets West’ label, Liquid State, ramps up A&R with R3HAB signin…