Music Business News: Asia News Tencent Music has integrated DeepSeek into its streaming service (and 3 other things we learned on the company’s latest earnings call) China's largest operator of music streaming services says live music is becoming increasingly important to listeners News Tencent Music now generates over $2bn from music streaming subscriptions annually 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 Primary Wave struck a $100m JV with Times Music in 2023. Now that venture has acquired two companies in India. Times Music has acquired India's Symphony Recording Co. and ARC Musicq News SM Entertainment injects another $4M into SM Friends subsidiary, a.k.a. Kreation Music (report) The latest funding round follows a larger KRW 15 billion investment made into SM Friends in 2023 News Aniket Parpillewar named Head of India & South Asia for AWAL 'We are now able to take a significant step in extending the AWAL model and services to artists in India and South Asia' News HYBE says it poured $14.4M into NewJeans, claims each member received $3.4M in settlement NewJeans realleged that HYBE and ADOR “continuously sidelined” them and sought to replace them with another group News Asia-focused fund blackx partners with Japan’s ASOBISYSTEM to expand J-pop globally Investment firm blackx partners with Japanese talent management company News Sphere Entertainment generated $308.3m in Q4, missing earnings forecasts, but promises 2025 will be its ‘best year yet’ The company is forging ahead with a second Sphere in Abu Dhabi, and planning smaller Spheres for a wide range of markets1 2 … 180 Next
News Tencent Music has integrated DeepSeek into its streaming service (and 3 other things we learned on the company’s latest earnings call) China's largest operator of music streaming services says live music is becoming increasingly important to listeners
News Tencent Music now generates over $2bn from music streaming subscriptions annually 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 Primary Wave struck a $100m JV with Times Music in 2023. Now that venture has acquired two companies in India. Times Music has acquired India's Symphony Recording Co. and ARC Musicq
News SM Entertainment injects another $4M into SM Friends subsidiary, a.k.a. Kreation Music (report) The latest funding round follows a larger KRW 15 billion investment made into SM Friends in 2023
News Aniket Parpillewar named Head of India & South Asia for AWAL 'We are now able to take a significant step in extending the AWAL model and services to artists in India and South Asia'
News HYBE says it poured $14.4M into NewJeans, claims each member received $3.4M in settlement NewJeans realleged that HYBE and ADOR “continuously sidelined” them and sought to replace them with another group
News Asia-focused fund blackx partners with Japan’s ASOBISYSTEM to expand J-pop globally Investment firm blackx partners with Japanese talent management company
News Sphere Entertainment generated $308.3m in Q4, missing earnings forecasts, but promises 2025 will be its ‘best year yet’ The company is forging ahead with a second Sphere in Abu Dhabi, and planning smaller Spheres for a wide range of markets