Music Business News: Asia

Big Hit Entertainment granted preliminary approval for IPO in South Korea

Company applied for a pre-IPO review with the Korea Exchange in May

Spencer Lee promoted to Asia Pacific President at peermusic

Exec joined peermusic in 2018 as Managing Director, Asia Pacific

Sony Music’s streaming revenues grew 15.6% in H1 2020 – but pandemic hit calendar Q2 period

Streaming keeps moving up, but physical and licensing revenues hurt in three months to end of June

Japan looking to restrict use of Chinese apps, including TikTok

Lawmakers looking at restricting apps over security concerns

Tencent Music pays indie artists over $84m via ‘Incentive Project’

Independent artist program 'Tencent Musician' was launched three years ago

1 in 5 streams on Tencent Music platforms will be behind a paywall by the end of 2020

In China, where YouTube is blocked, TME is seeing its paywall strategy starting to reap financial benefits

Sony Music India inks deal with rapper Raftaar as it hires Jagjit Singh Bhogal to head A&R

Jagjit Singh Bhogal will give particular focus to "garnering worldwide exposure for Indian artists"

‘An effective vaccine will be the ultimate solution, but until that is realized, the Chinese music business has quickly found ways to innovate.’

Modern Sky's Dave Pichilingi on what coming out of COVID-19 lockdown has looked like for the music industry in China