Music Business News: China News HYBE launches subsidiary in China, as K-Pop giant’s global expansion continues China is the world's fifth-largest recorded music market News NetEase Cloud Music strikes strategic deal with South Korean entertainment company RBW Deal marks the latest K-Pop partnership for NetEase Cloud Music Analysis News HYBE is selling its entire stake in K-Pop rival SM Entertainment to Tencent Music for nearly $180m Tencent Music will become the second-largest shareholder in SM Entertainment News TikTok names SoundCloud as latest streaming platform partner for ‘Add to Music App’ feature SoundCloud is also rolling out 'Move Your Music,' which allows users to transfer their music libraries from other streaming services News Universal Music expands iconic Blue Note and Deutsche Grammophon jazz and classical labels into China Labels launch in China as part of strategic expansion News Tencent Music’s ‘Super VIP’ tier drives quarterly revenues to $1bn mark as income from streaming subscriptions jumps 16.6% Company saw an 8.3% YoY increase in number of paying users, reaching 122.9 million in Q1 News Sony Music renews multi-year licensing deal with Tencent Music Entertainment News was revealed within the Q1 financial filing published Tuesday morning by TME News Tencent Music close to $2.4 billion deal to acquire podcast firm Ximalaya – with a potential payday for Sony Music Sony Music acquired 4.6 million shares in Ximalaya for a consideration of USD $50 million in 20201 2 … 58 Next
News HYBE launches subsidiary in China, as K-Pop giant’s global expansion continues China is the world's fifth-largest recorded music market
News NetEase Cloud Music strikes strategic deal with South Korean entertainment company RBW Deal marks the latest K-Pop partnership for NetEase Cloud Music
Analysis News HYBE is selling its entire stake in K-Pop rival SM Entertainment to Tencent Music for nearly $180m Tencent Music will become the second-largest shareholder in SM Entertainment
News TikTok names SoundCloud as latest streaming platform partner for ‘Add to Music App’ feature SoundCloud is also rolling out 'Move Your Music,' which allows users to transfer their music libraries from other streaming services
News Universal Music expands iconic Blue Note and Deutsche Grammophon jazz and classical labels into China Labels launch in China as part of strategic expansion
News Tencent Music’s ‘Super VIP’ tier drives quarterly revenues to $1bn mark as income from streaming subscriptions jumps 16.6% Company saw an 8.3% YoY increase in number of paying users, reaching 122.9 million in Q1
News Sony Music renews multi-year licensing deal with Tencent Music Entertainment News was revealed within the Q1 financial filing published Tuesday morning by TME
News Tencent Music close to $2.4 billion deal to acquire podcast firm Ximalaya – with a potential payday for Sony Music Sony Music acquired 4.6 million shares in Ximalaya for a consideration of USD $50 million in 2020