Tencent Music Entertainment In The News

What we learned from TME's Q2 earnings call this week – and what is suggests about the future of music

China's second-largest music streamer saw an overall decline in revenue due to continued weakness in social entertainment services

TME's overall music operation, including ads, subscription, and merch sales, brushed USD $1 billion in revenues in the quarter

CEO Cheol-hyuk Jang said SM aims to create "a comprehensive idol success model" in partnership with Tencent Music.

In January, NetEase Cloud Music secured a temporary deal to keep SM's catalog available beyond the January 31 contract deadline.

The joint venture targets the global expansion of Khaliji pop artists from Saudi Arabia’s music scene.

Deal to acquire audio platform confirmed in SEC filing on Tuesday, June 10.

China is the world's fifth-largest recorded music market