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 circles but vehemently opposed by streaming leader Spotify. According to Music Business Worldwide’s Tim Ingham, Tencent Music Entertainment has introduced… Continue Reading

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Sony and Tencent’s ‘East meets West’ label, Liquid State, ramps up A&R with R3HAB signing, new projects

‘Liquid State is committed to making R3HAB not only one of the biggest artists in China, but also across the whole Asia continent.’
The post Sony and Tencent’s ‘East meets West’ label, Liquid State, ramps up A&R with R3HAB signin… Continue Reading

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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 Tencent has with Sony Music, UMG, WMG and others. Tencent Music has cut exclusive deals for China and… Continue Reading

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Why, in a post-Tencent/Universal world, the three major music companies are worth nearly $90bn

MBW estimates that Universal, Sony and Warner are now collectively worth just shy of $89bn
The post Why, in a post-Tencent/Universal world, the three major music companies are worth nearly $90bn appeared first on Music Business Worldwide.
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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. Late Monday, the Chinese streaming service posting record Q2 revenue of RMB5.90 billion ($859 million), an increase of 31.0% year-over-year. Net profit for the digital music platform… Continue Reading

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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 benefitsTencent more than UMG and implications for the music industry as a whole. ________________________________ Guest post by Bobby Owsinski of… Continue Reading

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