Music Business News: China

Tencent Music users are ‘willing to pay’ for music produced with the company’s AI tools… and 3 other things we learned on TME’s latest earnings call

Key takeaways from Tencent Music Entertainment's latest earnings call

Tencent Music President and Chief Technology Officer Zhenyu Xie to exit

Exec will continue to be involved with TME in a consulting capacity

Global recorded music revenues rose 10.2% to $28.6bn in 2023, as paid subscriptions to music streaming services exceed 500m globally

IFPI has published its Global Music Report, which shows global trade revenues for the recorded music industry in 2023

Tencent Music’s subscription revenues soared 45.3% in Q4 as paying subscribers hit 106.7m

Both the number of subscribers and revenue per paying subscriber are growing rapidly at TME

TikTok’s US growth stalls amid UMG dispute, competition, regulatory and e-commerce woes (Report)

The social media giant's efforts at e-commerce are backfiring with users, a news report says

MBW (and Skibidi Toilet) just inspired a flurry of TikTok music takedowns

TikTok took swift action over a list of videos that MBW identified as 'manipulating' UMG content

Down The Skibidi Toilet: Why Universal Music Group’s ‘Project Timeout’ is hitting TikTok with endless copyright takedown requests

There is a lot to explain here....

TikTok’s parent ByteDance has locked down AI-music patents in the US – as its researchers develop a model trained on 257,000 hours of songs

TikTok's AI music ambitions are bigger than you think...