Tencent Music Entertainment In The News
Analysis This article originally appeared in Tim Ingham’s latest MBW+ Review email, issued exclusively to MBW+ subscribers. News Anthropic’s valuation has grown from $61.5 billion following a $3.5 billion funding round in March. News The biggest headlines from the past seven days... all in one place Analysis What we learned from TME's Q2 earnings call this week – and what is suggests about the future of music News China's second-largest music streamer saw an overall decline in revenue due to continued weakness in social entertainment services Analysis TME's overall music operation, including ads, subscription, and merch sales, brushed USD $1 billion in revenues in the quarter News CEO Cheol-hyuk Jang said SM aims to create "a comprehensive idol success model" in partnership with Tencent Music. News In January, NetEase Cloud Music secured a temporary deal to keep SM's catalog available beyond the January 31 contract deadline.