Music Business News: Asia

From Universal’s 10% sell-off to Sony Music under investigation: It’s MBW’s Weekly Round-Up

The biggest headlines from the past five days in the music industry

Big Hit Music, home to BTS, launches global auditions for producers

BIGHIT MUSIC are seeking new producers to "challenge the global music industry,"

Sony Music inks new licensing deals with Tencent Music and NetEase in China

News comes after Universal and Sony both agreed new multi-year licensing deals in China

Twitch mobile app was downloaded 22m globally in Q1 2021, up 62% year-over-year

Platform's mobile MAUs for March 2021 were up 69% year-on-year

BTS label Big Hit (HYBE) generated $161m in revenues in Q1, up 29% year-on-year

Company posted a net profit of approximately $14.2m

Universal Music Group partners with Simon Cowell’s Syco to offer X Factor Israel winner a record deal

News comes nine months after Cowell bought out Sony Music from Syco Entertainment

ByteDance CFO Shou Zi Chew named as TikTok’s new CEO

Vanessa Pappas to take on the role of TikTok COO

Kim Lim promoted to Managing Director of Universal Music Malaysia

Exec will oversee UMG’s operations throughout Malaysia