Tencent Music Entertainment In The News
News China's largest operator of music streaming services says live music is becoming increasingly important to listeners News Tencent Music says it now offers 260 million licensed and co-created tracks on its platform, significantly more than Spotify’s “over 100 million” News NetEase revealed that its platform now hosts 206 million monthly active users, showing minimal growth from the 205.9 million reported for 2023 News The company says it plans to focus more on premium subscription offerings in the coming year News Cloud Music earlier warned users that SM’s entire music catalog might be removed from the platform due to unsuccessful renewal negotiations News Concerts by Katy Perry, Madonna, Hans Zimmer, Etta James, Fall Out Boy, Bob Marley and others are coming to On Air Analysis News The music streaming operator is working to differentiate its services amid a long-running slump in monthly active users Analysis News TME added 2 million net subscribers in Q3 compared to the prior quarter (Q2)