Music Business News: Asia

TikTok parent ByteDance is trialing a Spotify rival called Resso in Indonesia & India (report)

App has seen 27,000 installs across iOS and Android so far

The major labels will generate over $14bn in 2019, as Warner bucks trend of streaming slowdown (just)

Some very impressive news for Universal, Sony and Warner... and a warning sign?

Universal launches new ‘A-Pop’ label, Red Records, in partnership with AirAsia

Red Records will be lead by Hassan Choudhury, Head of Music for AirAsia Group and former UMG exec

Tencent invests $2bn in ByteDance rival Kuaishou – report

Short-form video firm is reportedly close to completing a $3 billion-pre-IPO funding round

Are TikTok and Bytedance about to become a real problem for Spotify?

Three reasons why Bytedance's new service may pose a real threat to the world's No.1 audio streaming platform

A Spotify subscription in India now costs less than $1 per month, thanks to new annual offer

News comes as industry awaits decision in Spotify vs. Warner Chappell case

ByteDance wants to split TikTok from operations in China – report

Report follows launch of Committee on Foreign Investment in the United States (CFIUS) inquiry

Tencent’s proposed $3bn investment in Universal to be challenged by Independent music companies

'Impact of such a sale would change the whole music ecosystem,' argues independent music body IMPALA