TME's non-subscription music services revenue, encompassing live concerts, advertising, and merchandise, jumped 28.0% YoY to RMB 1.94 billion (USD $282 million) in Q1
First, Justin Kalifowitz saw that music publishing was changing. Then, he saw indie services were the future. Now, with Downtown sold in two parts – for a combined price of $1.2 billion – where does he see the world of entertainment heading next?
The album is also the first new studio record released since Chou and his label JVR Music signed a strategic global partnership with Universal Music Greater China in December 2023,