Music Business News: Asia

HYBE's reported plans to expand its reach into India arrive at a time of heightened M&A activity in the market

Deal arrives a month after the launch of Reservoir Media's newly established Mumbai subsidiary

Labels launch in China as part of strategic expansion

Both streaming and physical recorded music sales up single digits, as publishing division posts double-digit bounce in quarter

Company saw an 8.3% YoY increase in number of paying users, reaching 122.9 million in Q1

News was revealed within the Q1 financial filing published Tuesday morning by TME

The fund is meant to cement Yamaha's “leadership position as an innovator in the fields of sound and music”

The deal will see Harman acquiring several audio brands including Bowers & Wilkins, Denon and Marantz