Tag: tencent

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How many users do Spotify, Apple Music and other big music streaming services have?

Sometimes the statistics around how many people are streaming music – and how many are paying for it – can lead to confusion and misinterpretation. Recently, for example, we've seen one story suggesting that Amazon...
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Chinese authorities suspend Tencent Music antitrust probe

Tencent Music’s share price enjoyed an upwards bump yesterday, as news broke that China’s State Administration of Market Regulation had suspended an investigation into the company’s licensing strategy. The probe began...
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Music Ally Report 426: Trends of 2019

This year we’ve picked 42 (also the answer to life, the universe and everything as fans of Douglas Adams will know) of the trends and moments we found most significant in 2019. What are they? *takes deep breath* industry...
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Tencent finalises 10% stake in UMG, with more to come?

It had been reported that Vivendi was keen to finalise its deal to sell 10% of Universal Music Group to a Tencent-led consortium by the end of 2019. It just about squeaked in, with the agreement signed on New Year’s Eve....
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Tencent still seeking partners for investment in UMG

The long-running saga of Vivendi’s attempts to sell off up to 50% of Universal Music Group is taking another twist. In August, Vivendi announced that it had entered into ‘primary negotiations’ with Tencent Holdings...
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Tencent Music launches repurchase programme for $400m in shares

Tencent Music’s board of directors has approved a programme that could see the now-public company repurchase up to $400m of shares over the next 12 months. “The Share Repurchase Program reflects the Board’s confidence...
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Impala to oppose Tencent investment in Universal Music Group

Independent-music body Impala has come out against plans for Chinese technology company Tencent to buy a 10% stake in Universal Music Group, with an option to buy a further 10%. "Even at a low level of shareholding, we...
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Tencent may seek partners for Universal Music investment

It’s been known for some time that Chinese tech firm Tencent is in talks to buy a 10% stake in Universal Music Group, with an option to acquire another 10% for up to a year afterwards. The deal is thought to value UMG at...
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Tencent Music saw strong subscriber growth in Q3 2019

Tencent Music (TME) has announced its latest quarterly financial results, with the headline being a 42.2% year-on-year increase in paying online-music users to 35.4 million. As the company pointed out, this growth has been...
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Vivendi set for Tencent UMG investment, plus interest from others

Vivendi’s latest quarterly financial results yesterday provided us with an update on the company’s plans to sell up to half of Universal Music off to partners. Talks with Tencent to buy up to 20% of UMG continue: Vivendi said that...
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Tencent Music’s Andy Ng talks AI recommendations and karaoke expansion

In a keynote interview at the Amsterdam Dance Event (ADE) conference in Amsterdam, Tencent Music’s Andy Ng outlined his role in combatting piracy in China, building a legal streaming market there and why he and his...
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TuneCore and CD Baby move into China with Tencent deal

Acts distributed by TuneCore and CD Baby will now be available to listeners in China – or, to be more precise, listeners who use Tencent’s music offerings. The deals cover QQ Music, KuGou and Kuwo, who collectively reach 652m...