Tencent Music Entertainment Group and peermusic strike exclusive digital licensing deal in China

Catalog includes songs from artists like Jimmie Rodgers, Buddy Holly and The Rolling Stones to Rihanna, Beyoncé and Justin Bieber
Source

Tencent spends $263m to buy control of Chinese live streaming giant Huya

Huya continues to operate independently and remains headquartered in Guangzhou, China
The post Tencent spends $263m to buy control of Chinese live streaming giant Huya appeared first on Music Business Worldwide.

Screw you, Coronavirus. At least music’s streaming business is still booming.

How are music streaming services faring in a COVID-19-hit world?
The post Screw you, Coronavirus. At least music’s streaming business is still booming. appeared first on Music Business Worldwide.

Tencent, set to control 10% of Universal, also owns 9.1% of Spotify – but Daniel Ek has the final say on firm’s stake

Spotify’s founder and CEO has control of voting shares linked to Tencent’s stake in his company
The post Tencent, set to control 10% of Universal, also owns 9.1% of Spotify – but Daniel Ek has the final say on firm’s stake appeared first on Music…

Spotify Triggers Massive Equity Swap With Tencent: The Latest

With Spotify and Tencent set to invest in each other’s respective stock listings, what could this mean for the music industry? Chinese internet giant Tencent Holdings and Spotify AB have engaged in talks to own up to 10% in each other’s businesses next…