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
This May Not End Well… Top UMG Top Suitors Are A Streaming Service and A Private Equity Firm
If history is any guide, this may not end well… The two top suitors eyeing a $20 – $25 billion bid for a 50% stake in Universal Music Group are. Continue reading
Tencent Music (TME) Upgraded As Analyst Praises Streamer’s Unique, Profitable Revenue Model
Just weeks after Tencent Music's belated IPO on the New York Stock Exchange, JPMorgan has given a strong endorsement to the Chinese Music streamer, moving it from hold to buy. Continue reading
Mobile Music Streaming In China: A Vibrant Industry In A Tough Market
As the Chinese company Tencent Music Entertainment preps for their initial public offering, Robert Lyon takes a moment to look more closely at the country's digital music industry, and what. Continue reading
REWIND: The New Music Industry’s Week In Review
In this weekly look back at the past seven days of music business news, we revisit low-key corruption from lobbyists at the Grammys, Ed Sheeran's massive touring earnings in 2018,. Continue reading
Tencent Music [TME] Ends First Trading Day Up 7.7%
After opening at $14.10, Tencent Music ended its first day of trading Wednesday up $1.00 at $14.00 or 7.69% above it's $13.00 target IPO asking price. At one point in. Continue reading
