Tencent Music generated over $1bn from online music last year, ending 2019 with 39.9m paying users

TME generated $514m from paying online music subscribers in the year
The post Tencent Music generated over $1bn from online music last year, ending 2019 with 39.9m paying users appeared first on Music Business Worldwide.
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Tencent Music isn’t actually a Chinese company. Why should the global music business care?

Why the company’s Cayman Islands setup should be closely scrutinized by music’s biggest companies
The post Tencent Music isn’t actually a Chinese company. Why should the global music business care? appeared first on Music Business Worldwide.
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Coronavirus panic just wiped nearly $5bn off the combined value of Vivendi, Spotify and Live Nation… in a day

MBW monitors how ‘Black Monday’ has hammered music stocks around the world
The post Coronavirus panic just wiped nearly $5bn off the combined value of Vivendi, Spotify and Live Nation… in a day appeared first on Music Business Worldwide.
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