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

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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

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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

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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

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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

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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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FRI. BRIEF: YouTube Verification Revamp • Tencent Music’s Muscle • Instrumental + Corite • 1st On Soundcloud • More

FRIDAY 9.20.19 Music Business News From Around The Web Updated continuously under the More News tab

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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

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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.

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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

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