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...
January 6, 2020
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....
January 2, 2020
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...
December 19, 2019
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...
December 18, 2019
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...
November 26, 2019
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...
November 19, 2019
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...
November 12, 2019
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...
October 18, 2019
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...
October 18, 2019
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...
October 11, 2019
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...
October 10, 2019
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...
September 20, 2019