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Digital Economy

Tencent reports a 42% increase in paid subscriber in Q1 2021

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By Emmanuel Legrand China's leading music streaming platform Tencent Music Entertainment Group (TME) has reported an impressive year-over-year 42.6% growth in online music paying users to 60.9 million for the first quarter of 2021, out of a total of 615 million monthly active users (MAUs). The company's paying to free ratio was 9.9%, up from 8.0% and 9.0% in the third and fourth quarters of 2020, respectively. Total revenues reached RMB7.82 billion ($1.19bn) for the quarter, up 24.0% y-o-y...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

Digital Economy

Fox Corp. acquires streaming platform Roku in a $22 billion transaction

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​Fox Corporation, the entertainment company owned by the Murdoch family, has made an offer to acquire Roku in a cash-and-stock deal that values the connected TV platform at about $22 billion.  The transaction "will really help define the future ​of television in the United States and in many other markets around the world,” according to Executive Chair and Chief Executive Officer Lachlan Murdoch, who took over the leadership of the company from his father Rupert Murdoch. Roku reaches over 100 m...

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Digital Economy

Deezer makes AI music detector available for users to identify AI-generated tracks

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Paris-based music streaming service Deezer has launched a free online AI music detector, available in 27 languages, facilitating the identification of AI-generated tracks across 20 platforms. Deezer’s online detector is based on the company’s AI music detection technology, which has been deployed in 2025 on the platform. The Euronext Paris-listed company said the decision to make the technology available followed an IPSOS survey in eight countries showing that 80 % of people agree that AI-music ...

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Digital Economy

Netflix taps Jay Hoag as Chair of ‌the Board

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Netflix has appointed Jay Hoag to replace Reed Hastings as Chairman of ‌the Board of the video streaming platform, according to an SEC filing. Hastings announced earlier this year that he would be stepping down before the summer from the Board of the company he co-founded nearly three decades ago and grew from a DVD mail order service to the world's largest video streaming platform. In the future he will be focusing on ​focus on philanthropy and other ​projects. Hoag is the co-founder of growt...

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