What happened Actions of Tencent Musical Entertainment Group (NYSE: TME) rose to 11.3% in morning trading today, even in the absence of company-specific news. Tencent Music joined a wider range of Chinese stocks that got some relief after China’s central bank eased monetary conditions to boost growth on Tuesday. Moreover,Read More →
Riska / E + via Getty Images Tencent Music Entertainment (TME) just released its latest quarterly result to beat EPS expectations, while revenues are in line with market estimates. The bar has been set low for the stock, which has been nothing short of a disaster for shareholders, down nearlyRead More →
Two weeks have been a whirlwind for the music industry since Universal Music Group began trading on Euronext Amsterdam on September 21, giving record companies and publishers a step ahead of global investors. UMG’s first day of trading valued the company at around $ 57 billion, precipitating a 12.2% increaseRead More →
Business News Labels and Editors By Chris Cooke | Posted on Wednesday, September 15, 2021 Vivendi confirmed yesterday that the Dutch Securities and Markets Authority – or Stichting Autoriteit Financiële Markten, if you prefer – has approved the prospectus for Universal Music Group’s upcoming listing on the Euronext Amsterdam stockRead More →
Spotify (NYSE: SPOT) and Tencent Music Entertainment (NYSE: TME) are two of the world’s largest music streaming companies. Spotify, which is based in Sweden, serves 365 million monthly active users (MAU) in most countries around the world, but does not operate in mainland China. This is because Tencent Music, whichRead More →