Tag Archives for " Tencent "
October 4, 2018
Sony And Warner Music Invest In Tencent Music Before IPO
The giant Tencent Music Entertainment (TME) streaming service out of China has filed for an IPO to go public in the US, which is a big deal in itself. What’s just been revealed is that both Sony Music and Warner Music have invested $200 million in the company prior to the IPO according to the […]
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May 2, 2018
With A U.S. IPO, Tencent Will Become The Next Big Streaming Service In North America
There have been multiple reports that Chinese streaming service Tencent Music is getting set to file for an Initial Public Offering (IPO) very soon. An even bigger story is the pegged valuation is in the neighborhood of $25 billion, which would make it the 4th largest U.S. listed tech stock ever, just a little behind […]
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February 12, 2018
Sony Launches A New EDM Label Liquid State In China
China is becoming a hot place for music, as Western influences gradually seep into the country. Last year hip-hop became a dominant force in Chinese music (although mostly with Chinese artists, not American imports) and now it looks like electronic music is hitting there too. As a result, Sony Music has launched a new label […]
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December 4, 2017
The One Reason Behind The Spotify-Tencent Stock Swap
It’s been reported that Spotify and Chinese Tencent Music Entertainment Group are in talks to acquire 10% of each other, and should the deal go down, there’s no other way to look at it than a strategic maneuver that has nothing to do with their subscribers. No, this all about stockholders – actually potential stockholders […]
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May 19, 2017
Music Industry News Roundup For The Week Of 5/19/17
Here’s the Music Industry News Roundup for the week ending on May 19th, 2017. The big news in the streaming world again this week, and once again, some of it is not good. Let’s get into it. Apple to stop exclusives. After much negative feedback from the industry, it looks like it has backed off. Jimmy Iovine thinks […]
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May 15, 2017
Is Part Of Universal Music Up For Sale?
Universal Music’s parent company Vivendi recently put a public price tag of $22 billion on the company, which seems odd since it hasn’t valued this asset before. In fact, the only good reason to do so is if Vivendi either wants to sell all or part of Universal or to take the company public to reap […]
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February 16, 2017
Spotify May Now Be Looking For A Buyer
It looked like Spotify’s strategy was to go public this year, but recent announcements have pretty much put that aside. The IPO (Initial Public Offering) market has changed recently, and tech companies can no longer be assured of the big paydays of just a few years ago. As a result it looks like the company’s new plan is […]
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December 30, 2016
Music Industry News Roundup For The Week Of 12/30/16
Here’s the Music Industry News Roundup for the week of December 30th, 2016, the last week of the year. As expected, there hasn’t been much in the way of blockbuster news, but there have been some interesting pieces. Mozart was not #1 in album sales. A story made the rounds that a box set by the […]
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August 25, 2016
Music Industry News Roundup For The Week Of 8/25/16
Here’s the music industry news roundup from the week of August 25th, 2016. It’s a little more diverse this week, but there are a few blockbuster topics (Spotify never fails to excite). Let’s get into it. Spotify’s label deals are now out of contract. The company is going month to month, and trying to negotiate a lower […]
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