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…

Kanye West doesn’t just want to acquire his masters, “I’m going to buy Universal”

Kanye West wants to take his ‘artists owning the music industry’ approach to the next level, during his interview with Joe Rogan stating he wants to buy Universal Music Group. Kanye West recently tweeted out…

Why is Tencent’s WeSing karaoke platform so popular in Asia?

WeSing, from Chinese technology conglomerate Tencent, is a social karaoke app, thriving as many KTV venues around Asia close during the pandemic. Karaoke is popular in all forms and among all ages in China. The…

China launches a new ‘Music Industry Legal Professional Committee’

China have brought together people representing some of the world’s biggest labels and music companies to form a new legal force for music. China has launched a brand new committee formed for the legal protection…

How will Trump’s TikTok & WeChat ban affect the music industry?

WeChat’s parent company Tencent and TikTok have great influence on the music industry around the world. How will a potential US ban change the music streaming landscape? After an executive order was signed last week,…

Trump signs executive orders potential banning TikTok and WeChat in the US

The White House has issued two executive orders, showing 20th September as the date these companies must sell off their US divisions or cease operations. There have been some developments in the Microsoft, TikTok, US…

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…

Tencent eye up stake in China’s biggest video streaming service iQIYI

Tencent Holdings are looking beyond music at a stake in what has been described as China’s equivalent to Netflix. Tencent Holdings are notorious for making investments in some of the biggest tech and digital companies…

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 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…