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# 5 Music Industry Stories You Missed Over The Holidays
- URL: https://www.hypebot.com/5-music-industry-stories-you-missed-over-the-holidays/
- Published: 2020-01-03T01:20:00.000Z
- Updated: 2020-01-03T12:58:04.000Z
- Description: The music industry began its annual shutdown on December 20th and will continue for many through January 5th. But even a Cabo, Costa Rica and Cancun filled with vacationers, the. Continue reading [https://www.hypebot.com/hypebot/2020/01/5-music-industry-stories-you-missed-over-the-holidays.html]
- Author: Bruce Houghton
- Tags: Music Business, Music Tech, Uncategorized, music industry, UMG, #wp, #wp-post, #Import 2026-01-21 09:55

The music industry began its annual shutdown on December 20th and will continue for many through January 5th. But even a Cabo, Costa Rica and Cancun filled with vacationers, the music industry deal-making, announcements, and even a shutdown continued.

Here are 5 music industry stories you may have missed over the holiday break:

- [Universal Music Sold A 10% Stake To China’s Tencent For $3.4 Billion](https://www.hypebot.com/official-universal-music-sells-10-stake-to-chinas-tencent-for-3-4b-lucian-grainge-promies-status-quo/)
- [8Tracks Radio Shuts Down After 11 Great Years](https://www.hypebot.com/8tracks-to-shut-down-12-31/)
- [Tik Tok Competitor Triller Passes 26.5M US Users, Adds Partners Snoop Dogg, The Weeknd, Marshmello, More](https://www.hypebot.com/triller-passes-26-5m-us-users-adds-partners-snoop-dogg-the-weeknd-marshmello-more/)
- [Sofar Sounds Opens Books, Pledges More Money For Artists](https://www.hypebot.com/sofar-sounds-opens-books-pledges-more-money-for-artists/)
- [Facebook Pursues Music Video Rights in Challenge to YouTube](https://www.bloomberg.com/news/articles/2019-12-19/facebook-pursues-music-video-rights-in-challenge-to-youtube?ref=hypebot.com)