Tencent
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How 2020 Changed the Music Business Forever
From six-figure TikTok snippets to virtual-reality stardom to Travis Scott McNugget pillows, here are 12 ways the bizarre year upended the music industry — setting artists and fans up for an even wackier 2021
- Music Biz Features
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Social Media, Not Streaming, Is the Music Industry's Future
Music-streaming subscriptions contribute $8.5 billion a year to the record business — but the biggest future growth may lie in social media, gaming, livestreaming, and fitness
- Music Biz Features
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Dua Lipa's Very Expensive Concert Is the Future of Livestreaming
With over $1.5 million in production expenses, Dua Lipa's global stream drew 5 million viewers — and represents a new norm in the crowded field of virtual concerts
- Music Biz News
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China's Tencent Now Owns Part of Two of the Three Major Record Companies
The Chinese music-streaming giant just purchased 4 million shares in a newly public WMG, which is home to the likes of Tom Petty, Led Zeppelin and Cardi B
- Music Biz News
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Tencent, China's Spotify, Buys a $3 Billion Slice of Universal Music
Universal Music Group, home to megastars like The Beatles and Taylor Swift, sells a 10% stake to Chinese tech and entertainment giant Tencent
- Music Biz News
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China's Tencent Is Setting a Trend That Spotify May Have to Follow
By making select releases premium-only, this company is showing high-profile competitors that the practice might have legs
- Music
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Will Tencent's Hunger to Own the Music Business Stop at Universal and Spotify?
The music-streaming company may be trying to own the international music business in China by accumulating minority stakes in the most powerful music-related companies in the U.S. and Europe
- Music
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