Will $430bn-valued Tencent want a piece of Sony, Warner, BMG or Kobalt?
The post After Spotify and Universal, could Tencent buy its way even further into the music business? appeared first on Music Business Worldwide.
Category archives: Tencent
Tencent Music under investigation by China’s antitrust authority – report
Investigation could end exclusive licensing deals with majors
The post Tencent Music under investigation by China’s antitrust authority – report appeared first on Music Business Worldwide.
Tencent Music Label Deals Probed By Chinese Regulators
The deals that Tencent Music Entertainment has with record labels are under investigation by the State Administration for Market Regulation, China’s antitrust authority. The probe could end the exclusive licensing deals that Tencent has with Sony Music, UMG, WMG and others. Tencent Music has cut exclusive deals for China and…
Why, in a post-Tencent/Universal world, the three major music companies are worth nearly $90bn
MBW estimates that Universal, Sony and Warner are now collectively worth just shy of $89bn
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Tencent Music Reports Revenue Growth As UMG Acquisition Talks Continue
With Tencent in open talks to acquire a 10-20% stake in Universal Music Group, its Tencent Music’s earnings report is receiving additional scrutiny. Late Monday, the Chinese streaming service posting record Q2 revenue of RMB5.90 billion ($859 million), an increase of 31.0% year-over-year. Net profit for the digital music platform…
Tencent Would Be The Real Winner In Any Deal With UMG
Chinese media giant Tencent is in talks to buy a 10% chunk of Universal Music Group, with an option for an additional 10%. This acquisition by a massive tech company benefitsTencent more than UMG and implications for the music industry as a whole. ________________________________ Guest post by Bobby Owsinski of…
Spotify Wants To Enable Fans To Tip Artists
Many sites empower users to make micropayments to creators. China’s Tencent Music already has a massive tip-like program returning revenue to artists. Based on a recent earnings call, Spotify wants to get into this business, as well. Exactly how they’ll do it, however, remains a question, writes music attorney and…
Why Tencent Wants A Stake in UMG [Mark Mulligan]
Yesterday Vivendi confirmed that it was in talks with Chinese internet giant Tencent to acquire a 10-20% stake in global leader Universal Music Group at a $33.6 billion valuation. MIDiA analyst Mark Mulligan looks at why Tencent might want to invest as much as $6.7 billion in UMG. _______________________________________ By…
Tencent In Talks To Acquire Up To 20% Of UMG
Chinese internet giant Tencent is in talks to acquire a stake in Univeral Music Group, both companies have confirmed. Earlier this year, UMG parent Vivendi announced plans to sell as much as 50% of the world’s biggest music group. Under the proposed deal, Tencent would first acquire a 10% stake…
Sir Lucian Grainge: Sale of 10% of Universal to Tencent an ‘exciting development’
“This is an exciting development for both Vivendi and UMG and affirms once again just how much our strategy and hard work are succeeding.”
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