Tencent Music has been showing off its first ‘hyper-real virtual pop idol’, an avatar artist named Lucy who debuted in late 2022. The post Tencent Music talks up Lucy, its first ‘hyper-real’ virtual artist appeared first on Music Ally. Source: Music ally

Chinese streaming giant Tencent Music’s latest financial results are a mixed bag. Profits doubled but revenues declined. The post Tencent Music shares fall after financials show revenue decline appeared first on Music Ally. Source: Music ally

Chinese music-streaming giant Tencent Music Entertainment (TME) has published its financial results for the third quarter of 2022. The post Tencent Music revenues fall, but its online music business is still growing appeared first on Music Ally. Source: Music ally

The surround-sound Dolby Atmos format has been making strides in the west thanks to its use by Apple Music and Amazon Music, among other streaming services. The post QQ Music is first Chinese streaming service to add Dolby Atmos appeared first on Music Ally. Source: Music ally

Tencent Music has been working with independent artists for some time now, attracting more than 300,000 to its Tencent Musician platform by the end of 2021. The post Tencent Music to help Chinese artists distribute globally appeared first on Music Ally. Source: Music ally

Chinese digital music giant Tencent Music went public in 2018 with an IPO on the New York Stock Exchange. Now, however, the company may be preparing a secondary offering in Hong Kong that could raise up to $3.5bn. That’s according to Nikkei Asia, which suggested that TME’s plans are part of a trend for Chinese companies that are […]

These are two separate stories, but they both show Tencent Music’s growing focus on livestreaming. This morning TME announced a strategic partnership and minority equity investment in startup Wave, whose tech has been used for virtual concerts by the likes of The Weeknd, John Legend and Lindsey Stirling. The deal will enable TME to air […]

In China, Tencent Music has plenty of history as a direct distribution channel for independent musicians, which is now concentrated in its Tencent Musician arm. Its latest project is interesting. ‘Root Music’ is a collection of Chinese folk tracks in local dialects, with its lineup chosen by listeners rather than by Tencent Music’s own curators. […]

It was a busy day for Tencent Music, and for China’s digital music industry as a whole. Universal Music Group made two announcements about its latest deals there: one with NetEase Cloud Music, and the other with Tencent Music. The NetEase deal is significant: a multi-year direct licensing agreement (rather than UMG’s previous deal that […]

‘Tencent Musician’ is Tencent Music’s program for independent artists in China, offering them distribution and promotion across its three streaming services. To celebrate the initiative’s third birthday, Tencent Music (TME) has published some figures. “The program has generated 590 million yuan in revenue for original music content creators since its inception,” it announced. That’s around […]

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 […]

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’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 […]

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 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, […]

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 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 […]