Tencent Holdings has been told to halt its exclusive music licensing deals with labels within 30 days.
The online and streaming giant has also been fined 500,000 yuan (£55,885) by China’s ...
Vivendi has confirmed plans for its UMG IPO.
It’s a move that’s Vivendi’s institutional shareholders have been pushing for and the public listing is now set to take place ...
Vivendi has completed the sale of an additional 10% of the share capital of Universal Music Group to the Tencent-led consortium. The deal is based on an enterprise value ...
Vivendi has confirmed that the Tencent-led consortium has taken up its option to acquire a further 10% share in UMG.
The deal values UMG at €30 billion (£27.2bn), although the ...
Tencent Music Entertainment Group passed the 50 million threshold for paying users in Q3, according to the latest figures from the China-based streaming giant.
According to the report, online music ...
For the first nine months of 2020, Universal Music Group’s revenues were €5.314 billion (£4.85bn), up 4.4% year-on-year. Revenues were up 3% year-on-year in Q3.
For the first nine months ...
IMPALA’s Helen Smith has warned that independent music companies could be “locked out” as a result of Tencent’s deals with major label organisations.
Smith is executive chair at IMPALA ...
Tencent Music Entertainment Group and Kobalt Music Group have reached a strategic cooperation to license and distribute the Kobalt publishing and AWAL recording catalogs on the Chinese streaming giant’s platforms.
TME ...
Tencent Music Entertainment and Universal Music Group have announced a multi-year extension of their licensing agreement, alongside a new JV.
UMG has also signed a direct licensing agreement with NetEase Cloud ...
Universal Music Group has reported a 12.4% increase in streaming revenues during the first half of 2020.
Parent company Vivendi also reiterated its plan for a UMG IPO by 2023 ...
