Investment In New Video App Zynn Yet Another Tencent Puzzle Piece
TikTok’s parent company, Bytedance, has been on the rise, with high profits and serious expansion plans, but a new TikTok lookalike has been making waves, and could prove to be. Continue reading
No Collusion? Chart Shows Music Industry’s Incestuous Ownership Web
The global recorded music industry enters the new decade with a more incestuous web of ownership than ever before, as this infographic from Cherie Hu illustrates. It all began when. Continue reading
OFFICIAL: Universal Music Sells 10% Stake To China’s Tencent For $3.4B, Grainge Promises Status Quo
A consortium of Chinese streamer Tencent Music and unnamed “global financial investors” announced today that it will acquire a 10% equity stake in Universal Music Group for $3.4 billion. Tencent. Continue reading
THU. BRIEF: Spotify Tests ‘Tastebuds’ • Tencent UMG Deal Update • Podcasts vs Music • More
THURSDAY 12.19.2019 • Music Business News From Across The Web Updated Continuously Under The More News Tab Above
WED. BRIEF: Indies Oppose Tencent UMG Investment• MLC Names CIO, Vendors • Robert ‘SFX’ Sillerman Passes • More
WEDNESDAY 11.27.2019 • Music Business News From Across The Web Updated Continuously Under The More News Tab Above
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
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. Continue reading
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
