With its latest deal, Tencent has secured digital distribution in China for all three major labels. As a result, Universal Music Group’s catalog will be distributed by Tencent Music Entertainment Group in China on the conglomerates QQ Music, KuGou, and Kuwo streaming services. Continue Reading
Tencent Music Entertainment Group is working on an initial public offering that could see the business valued at $10 billion, according to the China Money Network. The company is part of Chinese conglomerate Tencent. Continue Reading
China’s consumption of online music is changing, as piracy reduces and streaming gains a big foothold. That message was delivered to the NY:LON Connect conference in London last week by Ed Peto of Outdustry, who delivered metrics of China’s music streaming services and audiences. Continue Reading
Brief news items and worthy reads from around the web: Why is Sprint throwing money at Tidal? A profile on China’s Tencent. Hulu’s VR music reality show. Continue Reading
Sony Music Entertainment has renewed its deal with Tencent Music for distribution in China. The conglomerate operates QQ Music, a very popular streaming service for the Asian market. Continue Reading
Chinese conglomerate Tencent announced a merger between its QQ Music unit and China Music Corp. This joint entity will run three of China’s streaming music services: QQ Music, Kugou, and Kuwo. Continue Reading
China has long been a puzzle for the music industry, especially with recent developments in streaming and subscription platforms. A survey by Tencent Penguin Intelligence found that only about 10% of respondents were subscribed to a music service. Continue Reading
Chinese conglomerate Alibaba unveiled a new music property today. Alibaba Planet is a tiered platform for building fan-artist relationships and for music creatives to connect with each other. China is subject to some complicated regulations when it comes to music streaming, so it will be interesting to see just how that component of Alibaba Planet unfolds. Continue Reading
Milk Music has launched in China. The Samsung-owned streaming service will include a library of 1 million tracks in addition to multiple Chinese radio stations. Samsung and its streaming platform have been the source of some industry speculation of late. Continue Reading
Nielsen has turned its analytical lens to China with the launch of a new Music 360 Report focused on that country. It is the first time the company has examined a market outside North America for its music listening and consumption habits. The findings show a country with large potential interest in music, but faced with economic stratification. Continue Reading
Disney is expanding its new multimedia streaming service to China. The launch of DisneyLife – a subscription to the company’s music, videos, books, and more – is happening through a partnership with Alibaba. Continue Reading
Chinese streaming platform Baidu Music announced a deal with record label Taihe Entertainment Group. This partnership will see Taihe’s intellectual property and A&R capabilities, covering more than 700,000 recordings, joining with Baidu’s streaming and distribution resources Continue Reading