UMG Strikes New Deals With Tencent, Netease

Universal Music Group has signed multi-year licensing agreement with two Chinese tech giants – Tencent Music Entertainment and Netease. For Tencent, the deal was a renewal and will allow the. Continue reading

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What Is Tencent’s Music Endgame? [MARK MULLIGAN]

MIDiA analyst Mark Mulligan looks at Tencent’s recent $3.8 billion investments in WMG and UMG and what the mean for the music industry. By Mark Mulligan of MIDiA and the. Continue reading

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TikTok Adding 100M Users Every Month To Pass 2B Downloads

Social video app TikTok has been downloaded more than 2 billion times globally, according to Sensor Tower. The milestone comes just five months after TikTok passed 1.5 billion downloads. In. Continue reading

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Tencent Music Reports Impressive Q3 Revenue, Subscriber Growth

China-based streamer Tencent Music reported impressive revenue and subscriber growth for the third fiscal quarter of 2019. According to unaudited financial statements from Tencent, revenue for the quarter hit $910. Continue reading

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U.S. Opens Investigation Of TikTok, $1B Musically Acquisition

The U.S. government’s Committee on Foreign Investment has reportedly launched a national security review of TikTok and it’s China-based owner ByteDance Technology Co’s $1 billion acquisition of U.S. social music. Continue reading

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HOW TO: Basics Of Chinese Social Media For Musicians

While popular artist platforms like Instagram and Facebook aren't accessible in China, musicians in the US are capable of bridging the global divide and reach fans overseas, simply by creating. Continue reading

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CD Baby, Tunecore Add China For DIY Music Distribution

Tunecore and CD Baby have each just added China's largest streaming music service – Tencent Music, its subsidiaries and partners – to their indie and d.i.y. music distribution networks. When. Continue reading

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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. Continue reading

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Bridging The Entertainment Gap Between China, The US

While music streaming is undeniably a global business, a lot of artists are missing out on certain international revenue opportunities owing to cultural and geographic differences, such as those that. Continue reading

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FRI. BRIEF: RIAA Mid-Year Report • FCC Payola Probe • Alibaba Invest $700M In NeatEase Music • More

FRIDAY 9.6.19 Music Business News From Around The Web Updated continuously under the More News tab

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