Tencent Music makes equity investment in Chinese music-for-business service, Radio Music Warehouse

‘Through this investment, we will jointly explore music-for-business market to add value to our music ecosystem.’
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Tencent spends $263m to buy control of Chinese live streaming giant Huya

Huya continues to operate independently and remains headquartered in Guangzhou, China
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‘Our advice to independent artists right now is simple: keep releasing’

The CEO of Believe, Denis Ladegaillerie, offers his advice to artists, labels and managers during an uncertain time
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Tencent sets up $100m Global Anti-Pandemic Fund to support fight against COVID-19

Fund will initially focus on the sourcing and donation of medical supplies
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Screw you, Coronavirus. At least music’s streaming business is still booming.

How are music streaming services faring in a COVID-19-hit world?
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Universal claims 80%-plus share of 2019’s Top 10 biggest global artists… led by Taylor Swift

Major has signed and/or distributes eight of this year’s biggest acts (and also works with BTS)
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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
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Tencent’s Move to Buy 10% of Universal Music Group Shows the Global Music Business Is In Excellent Health

Nue Agency founder Jesse Kirshbaum on the biggest music biz deal of the year
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