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Tencent group acquired first 10% in UMG in Q1 this year
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“With this strategic partnership, we will further extend the boundaries of music services through virtual performances, and build a broader music ecosystem.”
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Deal also sees Instrumental enter into exclusive distribution partnership with Tencent Music Entertainment Group in China
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Chinese giant acquires minority stake in UK-based firm used by all three major music companies
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Gaana recently launched TikTok rival HotShots – and thinks it can add 250m new users in just 12 months
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Partnership will make use of TME's Karaoke app WeSing
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Trump's wording deliberately careful in letters to Senate
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iQIYI claimed to have 119 million subscribers at the end of March
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Second SEC filing shows Tencent did indeed splash out $200m on Warner shares on June 3
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The tangled web of music industry ownership just got a bit more complicated
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'Through this investment, we will jointly explore music-for-business market to add value to our music ecosystem.'
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Huya continues to operate independently and remains headquartered in Guangzhou, China
Analysis Blog
The CEO of Believe, Denis Ladegaillerie, offers his advice to artists, labels and managers during an uncertain time
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Fund will initially focus on the sourcing and donation of medical supplies
Analysis News
How are music streaming services faring in a COVID-19-hit world?