WED. BRIEF: Indies Oppose Tencent UMG Investment• MLC Names CIO, Vendors • Robert ‘SFX’ Sillerman Passes • More
WEDNESDAY 11.27.2019 • Music Business News From Across The Web Updated Continuously Under The More News Tab Above
REWIND: The New Music Industry’s Week In Review
In this flip back through the past week's music industry news, we revisit Spotify's new 'social listening' test, Tencent's move to charge for more current music and it's broader industry. Continue reading
Tencent Music Requires You Pay To Stream Current Music – Will This Catch On?
In an effort to increase its profitability, Chinese streaming giant Tencent has begun experimenting with limiting the amount of current hit music which its customers can access for free. Given. Continue reading
Tencent Music Reports Subscriber, Revenue Growth Amid Management Shakeup
Tencent Music announced that co-president Guomin Xie has abruptly resigned. The dominate music streamer in China also reported that monthly actives increased 4.6% from 625 million in Q1 2018 to. Continue reading
Tencent Music [NYSE: TME] Stock Fell 11% Wednesday
UPDATE 2: Tencent Music [TME] stock took a hit Wednesday after the streamer's first post-IPO report to investors included a $127 million quarterly loss. Tencent stock closed Wednesday at $16.66. Continue reading
Tencent Music Posts $127M Loss, 664M Monthly Active Users
Tencent Music posted a $127 million loss in its first quarterly report its a December 2018 IPO. The loss, which the streamer forecast in its IPO prospectus stems from a. Continue reading
