New deal between Sony Music and NetEase disrupts Tencent’s hold on Chinese music

A fairer deal for the music industry in China? Tencent loses exclusive licensing agreement with Sony Music as NetEase Cloud Music and Sony sign a new distribution deal.

Tencent Music Boasts 100 Million Listeners for ‘Long-Form Audio’

The Chinese music streaming service is taking on Spotify and Apple with its booming podcast stats.

Tencent Music Announces $1 billion share buyback program

After listing the company on the New York Stock Exchange the Chinese company has announced a $1 billion buy back scheme, the companies biggest ever.

Tencent Music’s Q3 financial results show 51.7 million paying subscribers

Image credit: Tencent Music Chinese technology conglomerate Tencent release revenue and subscriber numbers for music streaming service Tencent Music Entertainment. Tencent Music Entertainment Group published their Q3 2020 results last Tuesday, showing statistics from the…

Tencent Music’s Q2 financial results show 47.1m paying music users

Tencent publish their Q2 financial results, showing very impressive subscriber, revenue and profit growth in 2020. Tencent Music Entertainment’s Q2 financial highlights are as follows: Online music paying users grew 51.9% year-over-year to 47.1 million,…

Universal sign deals with Chinese companies Tencent and NetEase

Universal sign two deals with major companies Tencent and NetEase, showing a positive move towards fairness for streaming in China. Universal have signed deals with two Chinese companies, massive in the online streaming market. Chinese…

Tencent Music Entertainment launches livestreamed concerts, over 100m viewers already

China’s huge entertainment brand is counteracting the lack of concerts in a post-COVID 2020 with massively popular online concerts. Tencent Music Entertainment (TME) is the music branch of China’s huge tech conglomerate China. With live…

Tencent’s Incentive Project pays out over $84m to indie artists

Tencent Music Entertainment has announced it has paid out 590 million yuan (over $84 million) to indie artists in their Tencent Musician Program. Tencent Musician is the online service that promotes emerging independent artists on TME…

Music subscriber market share from Q1 2020 shows Spotify on top, followed by Apple Music and Amazon Music

The latest data from MIDiA shows which music streaming services hold what percentage of users and the growth of music streaming in 2020. Streaming as a whole has grown in 2020 with 400 million subscribers,…

NetEase have made a large investment in an AI music composer

NetEase, a notable rival to Chinese tech company Tencent, have just made a $1.68 million investment in a new music AI company. NetEase are a China-based company who are most notable for running NetEase Cloud…