Tencent Music Entertainment Group and Universal Music Group have renewed their multi-year strategic licensing agreement.
Under the agreement, TME continues to have access to UMG’s music catalogue for QQ Music, ...
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 ...
