NewsKEY STAT | Tencent buys additional 10% stake in Universal Music GroupTencent Music Entertainment participated in the deal. 1 min read
Resso offers a freemium service, with a monthly ad-free subscription for IDR 49,000 or USD 3.27. NewsGoogle honors ByteDance’s Resso as one of Android’s best apps in 20201 min read
The Hangzhou-based internet giant also owns a minority stake in the Netease Cloud Music service. NewsAlibaba’s music streaming app Xiami is said to be shutdown2 mins read
TME consolidated its content library during the quarter by forming partnerships with labels including Merlin, Peermusic, and Kobalt. NewsTencent Music Entertainment Q3 revenue surpasses USD 1 billion2 mins read
In 2019, Big Hit Entertainment surpassed the combined profit of South Korea’s big three entertainment labels SM, JYP, and YG. NewsBTS label to debut on the public market as the Kpop band sweeps the globe2 mins read
Co-founder and CEO of Musiio, Hazel Savage provides advice on how to manage working in a startup in the face of challenges brought on by COVID-19. InsightsResilience, adaptability and good lighting: How Musiio has kept the lights on (literally) through COVID-194 mins read
TME has also promotes an online live music brand—TME Live—organizing live performances in the past quarter as offline activities have yet to return to the pre-pandemic conditions. NewsTencent Music Entertainment sees 18% revenue as paying users growth2 mins read
The phenomenon sparked a new meme dubbed NetEmo, which took off after some users poked fun at depressed people. NewsMusic streaming app NetEase walks a fine line as it cracks down on ‘emotional’ listeners during a pandemic3 mins read
Less than 1% of music streamers in India pay for the paid subscription, but that is about to change. InsightsGlobal music streaming platforms tune in to capture the India market10 mins read
NewsDeals in brief: Wavemaker Impact leads Arysun’s pre-seed round, Nuevocor raises USD 45 million, latest funding deals in China, and more