Analysis News From Sony’s big spending to BTS streams on Spotify: It’s MBW’s Weekly Round-Up The biggest stories from the past five days in the global music business
News NetEase to spin off music streaming service in $1bn Hong Kong IPO Application was filed in Hong Kong on Wednesday, May 26
Analysis News 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
Interviews ‘We have a vision for a billion-dollar balance sheet of music rights.’ Jason Peterson sets out his vision for Los Angeles-based Cinq Music – and how Latin music is helping fuel its expansion
News 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
News Tencent could be hit with $1.5bn fine and forced to sell two music apps in China (report) Reuters reports that anti-competitive watchdogs could force TME to sell off Kugou and Kuwo
News Tencent-owned music streaming service JOOX inks licensing deal with Merlin Agreement licenses Merlin content via JOOX’s ad-supported and premium tiers, as well as its karaoke feature
News NetEase and Sony Music join $15m investment round in live-streaming platform Maestro Los Angeles-based tech startup takes total investment raised to date to $22 million
People: Charles CaldasPartner Charles Caldas is a Partner in Exceleration Music and the former CEO of Merlin
News Kuke, a classical music platform from China, raises $50m in US IPO Kuke Music is a provider of classical music licensing, a subscription music platform and education services in China
Company: Alibaba Alibaba generated the equivalent of $72 billion in the 12 months to end of March 2020
News Alibaba to close streaming platform Xiami Music next month Platform was bought by Jack Ma's Alibaba in 2013
Interviews How East Goes Global is turning US and UK artists into social media stars in China Andrew Spalter explains how, with the right tools, China offers a vast audience to many Western artists