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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Spotify Wants To Enable Fans To Tip Artists

Many sites empower users to make micropayments to creators. China's Tencent Music already has a massive tip-like program returning revenue to artists. Based on a recent earnings call, Spotify wants. Continue reading

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Why Tencent Wants A Stake in UMG [Mark Mulligan]

Yesterday Vivendi confirmed that it was in talks with Chinese internet giant Tencent to acquire a 10-20% stake in global leader Universal Music Group at a $33.6 billion valuation. MIDiA. Continue reading

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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

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Lucian Grainge’s Letter to UMG Staff On Tencent Music Talks – The Full Text

With Chinese internet giant Tencent in serious talks to acquire a 10-20% stake in Univeral Music Group, UMG CEO and Chairman Lucian Grainge reached out to his staff with details.. Continue reading

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TUE. BRIEF: Tencent To Acquire 10% Of UMG • Streaming Amplifies Songwriter Lawsuits • UnitedMasters • More

TUESDAY 8.5.19 Music Business News From Around The Web Updated continuously under the More News tab

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China’s Tencent Eyes 50% Stake In UMG

The major labels always have always feared that Spotify has ambitions to also become a record label.  However reak that may or may not be, the streamer's partner in China,. Continue reading

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AM BRIEF: Live Nation Goes Green, Parness Exts Spotify, Tencent Eyes UMG & More

FRIDAY 5.24.19 Music Business News From Around The Web Updated continuously under the More News tab

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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

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This May Not End Well… Top UMG Top Suitors Are A Streaming Service and A Private Equity Firm

If history is any guide, this may not end well… The two top suitors eyeing a $20 – $25 billion bid for a 50% stake in Universal Music Group are. Continue reading

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