Tencent Music … Virus lockdowns added to costs, but boosted the Chinese company's paying subscriptions. Earlier this week we reported on Tencent Music’s latest financial results, including the news that it now has 39.9 million paying users for online music. Read More . Tencent Music is little shaken by the Coronavirus. Tencent clearly has a market incentive to ensure terms are less favourable than it receives itself. Tencent also has the option to acquire a further 10% in UMG before mid-January 2021. This means that Tencent’s streaming competitors have to license the Western majors’ music directly from it. TuneCore, the platform for independent musicians has announced a partnership with Tencent Music, the leading online music platform, to make TuneCore artists available in China.. TuneCore’s global platform pays artists 100% of what they earn from digital streams and downloads, while meeting all of their needs across distribution, publishing administration and a range of promotional services. HONEST souls intent on paying full whack for the music they listened to used to have a hard time in China. Tencent Music and Japanese animation film studio CoMix Wave Films (CWF) have closed a major anime soundtrack agreement. Tencent Music is the leading music service provider in China (78% market share in Q1 2020) and is also the exclusive sub-licensor of Universal, Sony and Warner in China. In October 2019, Tencent Music reached a streaming music distribution agreement with CD Baby and TuneCore to provide Independent Music Artists who distribute music through CD Baby and TuneCore access to the Chinese music market through Tencent's music … Tencent Music talks album sales and independent artists. Interestingly, Tencent already has a JV label up and running with Sony Music, Liquid State, which launched in early 2018 out of Hong Kong and focuses on dance/electronic artists. Artists distribute their music to over 150 digital platforms worldwide including iTunes, Apple Music, Spotify, Amazon, Deezer, Google Play, and now, Tencent Music. Tencent Music Entertainment Group (TME) is a company that develops music streaming services for the Chinese market. Tencent Music has … This is a joint venture between Tencent and Spotify.Their apps, including QQ Music, Kugou, and Kuwo, have more than 700 million active users and 120 million paying subscribers.

Artists distribute their music to over 150 digital platforms worldwide including iTunes, Apple Music, Spotify, Amazon, Deezer, Google Play, and now, Tencent Music. Tencent Music has pioneered the way that people enjoy online music in China and has become the … Tencent Music and Japanese animation film studio CoMix Wave Films (CWF) have closed a major anime soundtrack agreement.

Note, that’s not just ‘subscribers’, because... March 20, 2020 .


A higher-growth, protected market Tencent Music Entertainment has raised $1.1 billion in its initial public offering, but it is also starting to face growth bottlenecks. Artists distribute their music to over 150 digital platforms worldwide including iTunes, Apple Music, Spotify, Amazon, Deezer, Google Play, and now, Tencent Music. A Tencent-led consortium already owns a 10% stake in Universal Music Group, of course, for which it paid $3.4bn in March this year. In October 2019, Tencent Music reached a streaming music distribution agreement with CD Baby and TuneCore to provide Independent Music Artists who distribute music through CD Baby and TuneCore access to the Chinese music market through Tencent's music … Since Tencent Music is the dominant streaming platform in China, it likely has much more bargaining power over royalty payments to Chinese artists than Spotify does. In the era of compact discs, rare was the shop which did not sell counterfeits.

Tencent Music now has nearly 40m people paying for music.


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