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Tencent Music and a buyout fund emerge as first possible buyers for Universal Music Group stake

One of the big music industry narratives this year will likely be the expected sale of up to a 50% stake in Universal Music Group. Two very different potential buyers have already emerged. Reuters reported that Tencent Music Entertainment and U.S. buyout fund KKR are each exploring bids for the major label. Continue Reading

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Amper Music launches AI music composition service and API partnership with Tencent Music

Amper Music, a company specializing in AI music creation, announced several developments yesterday. Its latest service is Amper Score, an end-to-end platform for music composition by artificial intelligence. Amper also announced that its API can be integrated into the tools and platforms of third-party companies. Continue Reading

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Tencent Music delays IPO at least to November

Tencent Music Entertainment was slated to launch its highly anticipated IPO in the United States this month, but the latest rumors are that it has opted to postpone the action at least until November. Sources familiar with the music group’s plans told The Wall Street Journal that the company chose to wait in response to an unsteady market that would have a negative impact on the pricing. Continue Reading