Music Business News: China

What we learned from TME's Q2 earnings call this week – and what is suggests about the future of music

China's second-largest music streamer saw an overall decline in revenue due to continued weakness in social entertainment services

TME's overall music operation, including ads, subscription, and merch sales, brushed USD $1 billion in revenues in the quarter

Lofai’s appointment fits into Robert Kyncl's plan to strengthen Warner’s presence in the region’s fast-changing music scene

In January, NetEase Cloud Music secured a temporary deal to keep SM's catalog available beyond the January 31 contract deadline.

YouTube Music joins Spotify, Apple Music, Amazon Music, Deezer, Melon, Anghami and SoundCloud in TikTok's music-saving feature

Lutnick said Donald Trump is "positive towards TikTok, if it can move into American hands."

US version of TikTok app reportedly scheduled to launch in US app stores on September 5