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Search Results for: "tencent"

Ahead of Its High-Profile UMG Deal, Tencent Music Is Suddenly Getting Grilled by Chinese Regulators

Marsha Silva
August 27, 2019
1
Look like Chinese regulators are having a little kerfuffle with Tencent Music.  Will this complicate Vivendi's partial sale of Univeral Music Group? Just a few weeks after Chinese internet and media giant Te... Read More...

Tencent Music Entertainment Q2 Earnings Disappoint Wall Street

Paul Resnikoff
August 13, 2019
Why is Wall Street so unhappy with Tencent Music Entertainment? Despite the fact that revenues surpassed estimates — having come in at 10 cents per share, more than the nine cents per share that experts expe... Read More...

Vivendi Is Selling a 10-20% Chunk of Universal Music to Tencent — UMG’s Lucian Grainge Addresses the Troops

Paul Resnikoff
August 6, 2019
One slice = $3.3 billion (photo: Chris Penzin) After delaying the sale of Universal Music Group, Vivendi is now auctioning off a small chunk of the major label to Tencent. Vivendi SA's on-again, off-again sa... Read More...
As UMG Sale Talks Slow, Liberty Media, Apple, KKR, and Tencent Emerge as Frontrunners

As UMG Sale Talks Slow, Liberty Media, Apple, KKR, and Tencent Emerge as Frontrunners

Daniel Sanchez
May 23, 2019
1
So, to whom will Vivendi sell up to a 50% stake in Universal Music Group (UMG)? That’s the question on most music industry observers and financial analysts’ minds. Last summer, the French conglomerate con... Read More...
Tencent Music Posts $175 Million in Profit with 28.4 Million Subscribers in Q1 2019

Tencent Music Posts a $175 Million in Profit With 28.4 Million Subscribers in Q1 2019

Daniel Sanchez
May 14, 2019
Tencent Music Entertainment (TME) has released its financial report for the first quarter of 2019. In the three months ended March 31st, 2019, TME reported ¥5.74 billion ($855 million) in overall revenue.  T... Read More...
LiveXLive Announces Distribution Agreement With Tencent Video

LiveXLive Announces Distribution Agreement With Tencent Video (Audience: 900 Million)

Daniel Sanchez
May 8, 2019
LiveXLive Media has confirmed another major partnership. The global media company has announced a distribution agreement with the video arm of Chinese conglomerate Tencent Corp. The agreement grants Tence... Read More...
Tencent Music Shares Dip 8% Following Disappointing Q4 2018 Financials

Tencent Music Shares Dip 8% Following a Monstrous $127 Million Quarterly Loss

Daniel Sanchez
March 20, 2019
Tencent Music Entertainment continues to grow, but after receiving bad news yesterday, investors punished the company’s stock. Several days ago, Tencent Music Entertainment (TME) shares reached an all-time h... Read More...

The Latest Music Industry Shuffles: Tencent Music, 7digital, Sony/ATV, Spotify, UTA, More…

Ashley King
March 10, 2019
UTA's Shanique Bonelli Moore Here's a wrap on the latest flurry of  music industry hirings — and abrupt departures. If you have a job listing to share, we’re all ears.  Send us a note to [email protected]... Read More...

Contrary to Vivendi’s Demands, Liberty Media, KKR, and Tencent Music Want More Than a ‘Silent Stake’ in UMG

Daniel Sanchez
March 1, 2019
Is Vivendi majority stakeholder Vincent Bollore scaring off potential Universal Music Group investors? According to multiple reports this week, three major bidders have emerged as potential suitors for up to... Read More...
Tencent Music Confirms 'Strategic Investment' in Rival Douban FM

Tencent Music Confirms ‘Strategic Investment’ in Rival Douban FM

Daniel Sanchez
February 20, 2019
Tencent Music’s strategic investment may finally help Douban FM compete in the Chinese streaming music market. As of late, Tencent Music Entertainment (TME) has enjoyed a good ride. Two months ago, the mu... Read More...
Tencent Music Entertainment's Rising Stock Briefly Makes Co-Presidents Billionaires

Tencent Music’s Rising Stock Briefly Makes Its Co-Presidents Billionaires

Daniel Sanchez
January 28, 2019
1
For a brief moment, Tencent Music Entertainment’s shares minted some brand-new billionaires. Following Tencent Music’s IPO, the Chinese streaming music giant’s stock has remained relatively volatile. Desp... Read More...
Tencent Music IPO Launches at Lowest Expected Price Range

Tencent Music’s IPO Launches at Lowest Expected Price Range

Daniel Sanchez
December 12, 2018
Tencent Music executives once expected to raise up to $4 billion.  They had to settle with just over a billion. Following Spotify’s success with its direct listing last April, Tencent Music made plans to lau... Read More...
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