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. Continue reading
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. Continue reading
Music Market Focus: China Streaming, Recording Business In China [Part 1/2]
Recently, China has successfully navigated its way up the music industry food chain, rising from 12th to 7th in the global industry in just two years. Here we look at. Continue reading
Music Ally To Launch In China
Music industry consultancy and news site Music Ally has teamed with Kanjian Music, the Chinese music services company, to launch Music Ally China. This new venture will bridge the gap. Continue reading
Tencent Music Reports Subscriber, Revenue Growth Amid Management Shakeup
Tencent Music announced that co-president Guomin Xie has abruptly resigned. The dominate music streamer in China also reported that monthly actives increased 4.6% from 625 million in Q1 2018 to. Continue reading
Apple Music Slammed For Bowing To Chinese Censors
After pressure from authorities in China, Apple Music has removed songs with lyrics that refer the Tienanmen Square massacre. Several members of Congress members are calling out Apple for bowing. Continue reading
Tencent Music [NYSE: TME] Stock Fell 11% Wednesday
UPDATE 2: Tencent Music [TME] stock took a hit Wednesday after the streamer's first post-IPO report to investors included a $127 million quarterly loss. Tencent stock closed Wednesday at $16.66. Continue reading
Tencent Music Posts $127M Loss, 664M Monthly Active Users
Tencent Music posted a $127 million loss in its first quarterly report its a December 2018 IPO. The loss, which the streamer forecast in its IPO prospectus stems from a. Continue reading
Facebook Files Lawsuit To Stop Fake Likes, Followers
[UPDATED] Facebook and Instagram have filed a lawsuit in US Federal Court against four companies and three individuals for selling fake accounts, likes and followers. The China based companies being. Continue reading
