News Downtown-owned music distribution company Soundrop expands services to Russia and China New distribution partners include NetEase and Tencent Music
News Tencent spends $263m to buy control of Chinese live streaming giant Huya Huya continues to operate independently and remains headquartered in Guangzhou, China
News Tencent sets up $100m Global Anti-Pandemic Fund to support fight against COVID-19 Fund will initially focus on the sourcing and donation of medical supplies
Analysis News Screw you, Coronavirus. At least music’s streaming business is still booming. How are music streaming services faring in a COVID-19-hit world?
Analysis Blog How to deal with a Coronavirus-hit music business: ‘It’s not fair’ is not a strategy. What happens if there is a crisis?
News Warner Music Group delays IPO, with stock market in grip of Coronavirus fears Sources suggest Warner was set to share target price ranges for its public debut this week
News Universal Music Group is now an $8bn-a-year company, as streaming revenues surge 21.5% in record 2019 Company now generates more than $11m every day from streaming
News Universal Music Group set for IPO in the next 3 years News comes a week after Access Industries and Warner Music Group announced their intention to go public
News Tencent, set to control 10% of Universal, also owns 9.1% of Spotify – but Daniel Ek has the final say on firm’s stake Spotify's founder and CEO has control of voting shares linked to Tencent's stake in his company
News Sir Lucian Grainge: After Tencent deal ‘our strategic vision remains the same’ "This is an exciting development reflecting a strong validation of our business strategy, our incredible team and your excellent work."
News Tencent-backed Gaana says its monthly user count has now surpassed 125m people Company is adding over 3m active users every month
News Spotify execs praise TikTok owner’s new Spotify rival… while trashing Apple and Amazon Music’s reach Does Spotify really have three times the amount of listening of Amazon Music?
News ‘There’s a dance music revolution taking place in Asia’: Spinnin’ Records expands into region Warner and Spinnin' take on Sony/Tencent JV, Liquid State, with dance-focused move
News Tencent isn’t planning on making $3bn investment in Universal by itself – report Sources suggest Chinese company is seeking outside investment to complete deal