Tag: tencent

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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...
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Blizzard under fire over ban for esports player’s Hong Kong comments

Games firm Blizzard is attracting criticism for its decision to fine and ban an esports player who expressed support for the current pro-democracy protests in Hong Kong during a post-match interview. Chung Ng Wai was a...
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Tencent hints at plans for AI-generated music and virtual idols

There are some interesting signals coming out of the All That Matters conference about what Tencent Music might be up to next. AI-music being one of them. Billboard reports on comments made by CEO Cussion Pang about how...
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Tencent Music under pressure over exclusive licensing deals

One of the quirks of China’s music-streaming market has been the system of exclusive licensing deals: where a label will license its catalogue exclusively to one streaming firm, which will then sub-license it to its rivals....
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Tencent Music now has 31m paying online-music users

Tencent Music published its latest financial results yesterday, and they revealed sluggish growth for active users of the company’s three online-music services in China, but a much more-sprightly rise in the number of...
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Tencent in talks to buy up to 20% stake in Universal Music Group

There’s been a significant development in Vivendi’s moves to sell of up to 50% of Universal Music Group. This morning, UMG’s parent company announced that it has entered into ‘primary negotiations’ with Tencent...
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Tencent Music now has 28.4m paying users for online music

Tencent Music Entertainment (TME) reported its financial results for the first quarter of 2019 overnight, and there are plenty of big numbers as you’d expect. Overall revenues grew by 39.4% year-on-year to RMB 5.74bn...