How much of the music industry does Tencent really own?

Beyond their own huge music services Tencent has huge stakes in Universal, Warner, Spotify and others. Tencent is a huge Chinese company and with their music sector, Tencent Music Entertainment (TME), they are making its…

Tencent now own 10% of Universal Music Group following a drawn-out deal

Chinese conglomerate and major presence in music in Asia, Tencent have set their sets to the West with acquisitions. A long awaited deal has finally been completed that puts Tencent Holdings in an even bigger…

Def Jam CEO Paul Rosenberg just left to launch a new Universal Music label

Paul Rosenberg has stepped down at Def Jam to launch Goliath Records with Universal Music Group. Paul Rosenberg has had a storied music career involving a long stint as manager for Eminem and most recently,…

Tencent Music’s deals with major labels are under investigation

The massive Chinese company could see their grip on China’s music industry lost as an antitrust watchdog reviews their deals. Tencent Music Entertainment represents the biggest music company in China, a subsidiary of the giant…

Independent labels take larger UK music market share than Sony, Warner for first time

As the music industry shifts and independents take the power away from major labels, the UK’s music market shows just how strong independent music has become. The latest statistics from the Official Charts Company in…

China’s massive Tencent are looking at a 50% stake in major label Universal

One of the world’s biggest music labels is being eyed up by Chinese conglomerate for a potentially massive stake acquisition. Tencent, the massive Chinese company responsible for much of the biggest music tech happenings in…

UMG CEO Lucian Grainge shares advice for artists in the age of smart speakers

The CEO of the world’s largest record label has some words of wisdom to share in the ever-changing tech of the modern music industry. The latest reports from December 2018 revealed that 66 million households…

UMG music is all good on Mixcloud now with a new deal

SoundCloud rival Mixcloud have shaped their own path in the new world of music streaming and with a new deal that path’s horizons broaden further. British streaming service Mixcloud have just signed a deal with…

Universal name the new president of Island Records

Following their president’s departure for Sony Music, Universal Music Group’s Island Records have named their new president. David Massey exits his role as the president of Island Records on the 1st of June and will…

Independent music is now bigger than all the major labels

As digital music revolutionises the industry, independent artists and labels are taking over as they collectively earn more than the major labels for the second year. A new annual survey of the recorded music and…