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Digital Economy

Tencent could be forced to abandon exclusive licensing deals with labels

Published

2 years ago

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China’s State Administration of Market Regulation (SAMR) is expected to require the country's music streaming market leader Tencent Holdings Ltd to give up exclusive licensing rights granted by record labels, according to a Reuters report, based on two people with knowledge of the matter. 

  However, it seems that the antitrust regulator will no longer require Recent to divest from Kuwo and Kugou, and will instead fine the operator ...

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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).

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Digital Economy

Tencent Music Entertainment revenues for 2022 were down 9.3% to $4.11 billion

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12 mins ago

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March 27, 2023

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China’s digital music and audio entertainment platform Tencent Music Entertainment Group (TME) has posted revenues of RMB28.34 billion ($4.11bn), down 9.3% year-over-year. Net profit for 2022 was RMB3.68bn ($533m), representing a 21.4% year-over-year growth.

The company — which operates three of the country’s largest music streaming services: QQ Music, Kugou Music and Kuwo Music — said that the decrease was mainly due to a 19.8% drop in revenues from social entertainment services and others ...

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Digital Economy

Universal Music Central Europe and web3 start-up Centaurify partner to explore new forms of digital engagement with fans

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3 days ago

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March 24, 2023

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Universal Music Central Europe (UMG) has partnered with web3 music company Centaurify to deliver a range of solutions for UMG artists who want to explore new forms of digital engagement with fans.

As part of the partnership, UMG will release a series of exclusive, limited-edition collectibles celebrating their artists' achievements. These collectibles "celebrate achievements in the artist's career and give fans a chance to own a piece of music history," according to UMG.

A UMG collectibl...

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Creative Industries

Calendar — Week 12, 2023

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4 days ago

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March 24, 2023

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MARCH 2023

– March 29

AIM Connected, the conference organised by the UK’s Association of Independent Music (AIM) will take place at the Barbican in London on Wednesday 29th March 2023.

APRIL 2023

April 27-28

c/o pop Convention 2023 in Cologne, Germany.

– April 28

Liverpool Sound City Conference & New Music Friday, at multiple locations in Liverpool.

MAY 2023

– May 3-7

BIME Pro & Live, held in the Creative District of San Felipe, in the heart o...

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