SUBSCRIBE FOR FULL CONTENT ACCESS: VIEW OFFERS
Connect with us

Digital Economy

Tencent Music Q1 2023 revenues boosted by a 30.4% growth in music subscriptions

Published

on

Tencent Music Entertainment Group — which operates online music and audio entertainment platform QQ Music, Kugou, Kuwo, and WeSing in China — has posted revenues of RMB7.00 billion ($1.02bn) for the three months ended March 31, 2023, up 5.4% year-over-year.

Revenues from music subscriptions reached RMB2.60bn ($378m), up 30.4% y-o-y, boosted by a 17.7% increase in paid subscribers to 94.4 million compared to the same quarter last year, or up 5.9 million users compared to the previous qu...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

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).

Creative Industries

Calendar — Week 21, 2024

Published

on

MAY 2024

- May 28

Board of Directors of the International Confederation of Societies of Authors and Composers (CISAC) in Seoul, South Korea.

- May 30

General Assembly of the International Confederation of Societies of Authors and Composers (CISAC) in Seoul, South Korea.

JUNE 2024

– June 2-8

Canadian Music Week conference (June 3-5) and festival (June 2-8) at the The Westin Harbour Castle in Toronto, Ontario.

– June 10-13

Indie Week in New York, organis...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Continue Reading

Copyright & Regulation

The MLC and the NMPA are all in against Spotify over the platform’s new royalty calculation scheme tied to bundles

Published

on

The past few weeks have been testing for Spotify's lawyers. The streaming service has been served a lawsuit by The MLC over alleged unpaid royalties linked to Spotify's new bundles including audiobooks.

In addition, the National Music Publishers Association (NMPA) has sent a cease-and-desist letter to Spotify on May 15 requesting that the streaming service removes unlicensed music files that allegedly infringe upon its members’ copyrights.

And the NMPA ha...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Continue Reading

Digital Economy

Comcast’s new video streaming bundle StreamSaver will provide Peacock, Netflix and Apple TV+ for $15 monthly

Published

on

Cable and internet provider Comcast plans to launch a new streaming bundle at the end of May that will include Peacock, Netflix, and Apple TV+ for a monthly charge of $15.

The bundle — named StreamSaver — will be available to new and existing Xfinity Internet and TV customers. "By bringing these premium streaming services together for the first time, Xfinity is making it easy for customers to enjoy exceptional entertainment, including thousands of hours of live sports, from the best streami...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Continue Reading

Trending