Music Business News: China 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 Analysis News Tencent Music lets musicians generate AI tracks and send them directly to streaming app QQ Music TME's ESG report explains how the firm's AI capabilities have been expanded across the business News Trump grants TikTok ban extension as US deal falters over tariffs Talks on new ownership for TikTok reportedly broke down when Trump announced new tariffs on China News China’s $6B-valued Kunlun Tech debuts ‘world’s first’ music reasoning model, claims it can outperform Suno Kunlun's “chain-of-thought” technology incorporates thinking and self-criticism in the music generation process News Vivian Xu named Chief Operating Officer at Universal Music Greater China Vivian Xu was previously Managing Director of Columbia China Analysis News Global recorded music revenues hit $29.6bn in 2024, up 4.8% YoY; users of paid music subscriptions reach 752m Mexico has overtaken Australia to become the World's tenth-largest recorded music market. News Tencent Music has integrated DeepSeek into its streaming service (and 3 other things we learned on the company’s latest earnings call) China's largest operator of music streaming services says live music is becoming increasingly important to listeners News Tencent Music now generates over $2bn from music streaming subscriptions annually Tencent Music says it now offers 260 million licensed and co-created tracks on its platform, significantly more than Spotify’s “over 100 million”1 2 … 57 Next
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
Analysis News Tencent Music lets musicians generate AI tracks and send them directly to streaming app QQ Music TME's ESG report explains how the firm's AI capabilities have been expanded across the business
News Trump grants TikTok ban extension as US deal falters over tariffs Talks on new ownership for TikTok reportedly broke down when Trump announced new tariffs on China
News China’s $6B-valued Kunlun Tech debuts ‘world’s first’ music reasoning model, claims it can outperform Suno Kunlun's “chain-of-thought” technology incorporates thinking and self-criticism in the music generation process
News Vivian Xu named Chief Operating Officer at Universal Music Greater China Vivian Xu was previously Managing Director of Columbia China
Analysis News Global recorded music revenues hit $29.6bn in 2024, up 4.8% YoY; users of paid music subscriptions reach 752m Mexico has overtaken Australia to become the World's tenth-largest recorded music market.
News Tencent Music has integrated DeepSeek into its streaming service (and 3 other things we learned on the company’s latest earnings call) China's largest operator of music streaming services says live music is becoming increasingly important to listeners
News Tencent Music now generates over $2bn from music streaming subscriptions annually Tencent Music says it now offers 260 million licensed and co-created tracks on its platform, significantly more than Spotify’s “over 100 million”
