Report: there were 400m music subscribers globally at end of Q1 2020

There were 341 million people using paid music subscriptions at the end of 2019, according to global music industry body the IFPI. Now we’ve got an update on that figure, albeit from a different source. Consultancy firm Midia Research has published its music subscriber market share figures for Q1 2020, claiming that by the end of March […]

Tencent Music talks album sales and independent artists

Earlier this week we reported on Tencent Music’s latest financial results, including the news that it now has 39.9 million paying users for online music. Note, that’s not just ‘subscribers’, because Tencent Music also sells music – digital albums – through its streaming services. In the company’s earnings call with analysts, it talked about some of the recent […]

Bytedance hires former Tencent Music exec for Douyin role

Bytedance’s latest music hire will be focusing on its Douyin short-video app in China – the Chinese version of TikTok. The company has recruited Deng Linhai to lead Douyin’s music business, according to news site Technode. The former operations director at Tencent Music Entertainment is taking over from Douyin’s former music boss Zhu Jie, who left the […]

Tencent Music’s Andy Ng talks AI recommendations and karaoke expansion

In a keynote interview at the Amsterdam Dance Event (ADE) conference in Amsterdam, Tencent Music’s Andy Ng outlined his role in combatting piracy in China, building a legal streaming market there and why he and his employers are betting heavy on the EDM boom. Ng stepped back from his role as group VP at Tencent […]

Tencent Music now has 31m paying online-music users

Tencent Music published its latest financial results yesterday, and they revealed sluggish growth for active users of the company’s three online-music services in China, but a much more-sprightly rise in the number of paid subscribers for those services. The company ended Q2 with 652 million mobile monthly active users across QQ Music, Kugou Music and Kuwo Music, […]

Music streaming in 2019: radio rivalry, Spotify sustainability and ‘west versus east’

Streaming was the big driver behind the recorded-music industry’s 9.7% growth in 2018, according to the IFPI. In fact, streaming revenues grew by 34% to $8.9bn, accounting for 47% of the global total. At the end of 2018, there were 255 million users of paid streaming subscriptions, up from 176 million at the end of 2017. […]

Tencent Music now has 28.4m paying users for online music

Tencent Music Entertainment (TME) reported its financial results for the first quarter of 2019 overnight, and there are plenty of big numbers as you’d expect. Overall revenues grew by 39.4% year-on-year to RMB 5.74bn ($855m) as TME recorded an RMB 987m ($147m) net profit – as usual benefitting from the fact that a significant chunk of its […]

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