News Tencent in talks to buy stake in video streaming rival iQIYI (report) iQIYI claimed to have 119 million subscribers at the end of March
News Warner Music Group started today with a $12.8bn valuation. It’s now worth $2.6bn more. Spectacular first day on Nasdaq sees company share price rise 20.5%
News Tencent rival NetEase launches Hong Kong IPO Company is reportedly aiming to raise around $2.6bn through secondary listing
News Streaming fallout in India: Tencent-backed Gaana refuses to pay record label Tips ‘high royalties’ – so Tips pulls its catalog "Somehow we couldn't reach a common ground."
Analysis News Goldman Sachs just cut its 2020 paid music streaming revenue forecast by $2.2bn… but the future still looks bright Adjustments to the financial giant's forecasts say much about the future of the music business at large
News Music creation marketplace Splice, which has raised over $100m in funding, acquires audio tech firm Superpowered Superpowered Co-Founder and Chief Technology Officer Gabor Szanto joins Splice as Head of Audio Engineering
News Universal Music Group accelerates China strategy, with Joe Fang named first ever MD of UMPG in region Hiring represents UMG's first major move in China since Tencent consortium deal was completed
Analysis News China’s NetEase Cloud Music, with over 800m users, gains rights to use 1.3m Warner Chappell songs Deal comes as Tencent exclusivity deals are said to be expected to expire over next two years
News UPDATE: Saudi Arabia to buy Warner Music Group? Source close to Len Blavatnik suggests he's reportedly exploring a sale
Analysis News The music business has so much to learn from Epic Games From online retailing to virtual humans... the Fortnite maker is one step ahead on it all
News Universal Music Group braces for physical, ad streaming downturn, but says subscription is ‘more stable and robust’ Major record company addresses the potential impact of COVID-19 on its business
News Universal’s streaming revenues brush $1bn in Q1, with total recorded music up 13.1% Japan's King & Prince were company's biggest sellers in quarter
News Andy Ma promoted to CEO of Warner Music Greater China Exec has worked for Warner Music since 2011
Company: Universal Music GroupMusic Publisher, Record Label Universal Music Group is the world's biggest music rights company, majority-owned by Vivendi
News Music streaming subscriptions forecast to top 450m by the end of 2020 (report) Subscriptions reached 358m by the end of 2019, according to Counterpoint Research