Analysis News Why, in a post-Tencent/Universal world, the three major music companies are worth nearly $90bnMBW estimates that Universal, Sony and Warner are now collectively worth just shy of $89bn
News Sir Lucian Grainge: Tencent’s bid to buy 10% of Universal is an ‘exciting development’"This is an exciting development for both Vivendi and UMG and affirms once again just how much our strategy and hard work are succeeding."
News Tencent in talks to buy 10% of Universal Music Group"Together with Tencent, Vivendi hopes to improve the promotion of UMG’s artists, with whom UMG has created the greatest catalogue of recordings and songs ever, as well as identify and promote new talents in new markets."
News TikTok owner Bytedance buys AI music company JukedeckJukedeck had raised $2.5m before the deal was executed
News Alibaba-owned Xiami Music partners with HD audio firm MQAXiami Music is China's first domestic MQA-enabled music service
News Warner Music Asia promotes Brayden Crossley and makes two new senior appointmentsBrayden Crossley upped to SVP, Marketing, Greater China and South East Asia and Darren Ho & Phil Lue hired in senior roles
News TikTok owner to launch Spotify rival – reportApp could launch as soon as fall 2019 "in a number of territories"
News Tencent Music co-President Guomin Xie to leave company next monthXie's exit becomes effective on June 6, 2019. He leaves for 'personal reasons'.
News Tencent Music is ‘windowing’ premium music behind a streaming paywall – with ‘encouraging results’TME is putting premium music behind a paywall. Should Spotify and Apple follow suit?
News BMG promotes Marian Wolf to Vice President, Global Writer Services & ChinaWolf joined BMG in 2011
News Former Chairman of Alibaba Music Song Ke appointed Chairman of Live Nation ChinaRecent shows brought to China by Live Nation include Troye Sivan, Bruno Mars and many others
News The Orchard wants to grow its direct to artist business in ChinaThe company is hiring for a Director, Greater China
Music Business Jobs THE ORCHARD The Orchard – Director, Greater China (CN)This person must have strong experience and understanding of the local and international music industryJob type: Business Affairs / LegalLocation: Beijing, ChinaApplications for this position have now closed.
News Tencent Music’s Group Vice President Andy Ng stands downExec is a leading figure at China's biggest streaming music company
News Symphonic Distribution expands into ChinaCompany has integrated with Tencent, NetEase, and soon, Alibaba