TME: Paying User Conversions and Reasonable Valuation Make This an Opportune COVID Play
Tencent Music Entertainment (TME) reported its 4Q2019 and full-year 2019 results yesterday after market. The revenue grew 34% YoY during the year...
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ByteDance Launches Music Streaming App in an Overcrowded Indian Music Streaming Market
Following in the huge success of its Tik Tok App, ByteDance has launched a stand-alone full music streaming app in India called Resso. The app is...
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Tencent Led Consortium Buys 10% of Universal Music Group
It was reported by several news media that a consortium led by Tencent Holdings has agreed to buy 10% of Universal Music Group (UMG) from French...
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Tencent Music Entertainment (TME): Chinese Version of Spotify Shows Strong Growth Prospects
Tencent Music Entertainment (TME), a subsidiary of Tencent Holdings is China’s largest music streaming services holding a market share of over 70%...
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The Music Industry’s Game Changer Seems to Have No Profits In Sight
Spotify, the Swedish music streaming company, helped turn around the global music industry at a time when illegal downloads and piracy were...
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