Tencent confirm $100 million stake in Warner Music Group

The Chinese conglomerate has confirmed a considerable stake in WMG following the launch of their IPO earlier this month. Chinese music giant Tencent Music Entertainment have spread their fingers into yet another pot of the…

Warner Music Group closed their first day trading 20% above IPO price

Warner Music’s late launch on Wall Street has paid off as their first day showed huge value on their shares. Warner Music Group launched their Initial Public Offering on Wall Street last week after delaying…

Is Saudi Arabia looking to buy Warner Music Group?

Interesting reports have been circulating about one of the world’s biggest labels but are these simply rumours? Last week The Hollywood Reporter published an article suggesting that Saudi Arabia had made an offer on Warner…

Live Nation sees shares crash after Glastonbury and other cancellations

With festivals and events cancelling around the world, COVID19 is having a drastic effect on the stock market. Coronavirus is effecting industries around the world, especially music. Musicians and performing artists around the world are…

Akazoo merges with Modern Media Acquisition and raises $55 million

Akazoo Ltd. has merged their music streaming company with Modern Media Acquisition Corp. to become Akazoo S.A.. The combined companies now have a strong international position for their global music streaming platform and technology company….

Tencent raised over $1 billion their first day on the NYSE

Tencent Music’s highly anticipated entry onto the New York Stock Exchange has finally come after months of postponements. After Spotify’s successful IPO earlier this year other music services have been eyeing up an entry onto…

Tencent Music will go public on December 12th

Tencent Music Entertainment’s will happen before the year is over despite a number of delays leading people to believe it would be pushed to next year. At the start of the year Spotify went public…

Tencent’s IPO gets delayed again, likely to 2019

China’s streaming giant Tencent have once again delayed their plans to go public making it likely that we won’t see their IPO this year. Tencent Music Entertainment (TME) are China’s dominating streaming service with over…

Warner Music just sold all their Spotify stock to give to artists

Can big record labels still have a conscience and do good? Warner Music Group may have just proved that with a big move for artists and labels. Warner Music Group have just sold all of…

Sonos look to the future as they reveal more IPO details

Sonos have put their speakers in homes around the world, now they’re taking their company public and have revealed details of how their entry onto the market will look. Earlier this year Spotify went public…