Music Business News: Asia

India’s Divo Music partners with Sony/ATV to administer its publishing rights for overseas markets

Sony/ATV will provide publishing and administration services to Divo Music’s songwriters, composers and lyricists

Warner Music Group launches ADA Asia in Singapore, led by Chee Meng Tan

Exec previously led Spotify’s operations in Asia for almost seven years

YouTube to launch TikTok rival Shorts, rolls out beta in India

Feature allows you to create 15 second short-form videos

Big Hit, headed for a $4bn valuation, hands $54m in shares to BTS members ahead of IPO

Bang Si-hyuk's stake in Big Hit is currently worth comfortably over $1 billion

Tencent acquires a bigger slice of Indian Spotify rival Gaana, upping its stake to more than a third

Gaana recently launched TikTok rival HotShots – and thinks it can add 250m new users in just 12 months

Triller inks strategic alliance with JioSaavn to boost reach in India

'We are confident that this partnership will exponentially grow both companies.'

BTS’s Dynamite topped 12.6m streams on Spotify on day one – but 4.9m of them were discounted from its Chart

Spotify confirms that Dynamite was streamed 12.6 million times in total

3 things the major labels can learn from Big Hit, home of BTS

Lessons from Bang Si-hyuk's comments at Big Hit's Corporate Briefing last week