The video game company that challenges some of the biggest tech companies in the world buys the music company that wants to challenge the dominant tech business model in this industry. Epic Games Inc. announced on Wednesday that it is buying Bandcamp, an online music store that allows musicians toRead More →
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Sony Corp today (February 2) released the results of its fourth quarter (fiscal third quarter) schedule for 2021, allowing MBW to calculate how the Japanese giant’s music rights deal will perform during the year. last. Small conclusion? It worked very well. In terms of recorded music revenue over calendar yearRead More →
AntonioGuillem/iStock via Getty Images The thesis in a nutshell Tencent Music Entertainment (NYSE:TME)known as a Spotify music streaming competitor (NYSE: SPOT), is actually a social media company with a very sophisticated business model. TME has a dominant position 80% market share in China and a monthly asset 841m user base.Read More →
US broadcaster SiriusXM has purchased music for the commercial service, Cloud Cover Music. Cloud Cover operates in the United States and Canada and provides background music to businesses such as restaurants and retail stores. For the first, the company counts among its customers food chains such as Burger King, TacoRead More →
The S&P 500 hit a record high on Tuesday as belief in the U.S. economy helped investors shrug off concerns about travel disruptions and store closures caused by Omicron, following a four-day rally for stocks US in an environment of low trading volumes. As of 12:37 p.m. ET, the DowRead More →
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 →
As a form of entertainment, music is timeless, but the music industry itself has been seriously disrupted over the past generation. Aspiring artists are now looking to build a following through social media platforms and streaming services, and the live music industry has continued to grow. Power and influence inRead 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 →
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 →
Spotify (NYSE: SPOT) and Tencent Music Entertainment (NYSE:TME) are two of the largest streaming music companies in the world. Spotify, which is based in Sweden, serves 365 million monthly active users (MAUs) in most of the world, but does not operate in mainland China. Indeed, Tencent Music, which hosts 623Read More →
Shares of Tencent Music Entertainment (TME) have fallen 9.2% this week and 63.2% since the all-time high in March. The once high-flying Nasdaq-listed Chinese music streaming company closed at $11.70 on Friday, July 16, after losing $2 billion in market value in five days. A series of negative news hammeredRead More →
Nikada/iStock Unpublished via Getty Images introduction Tencent Music Entertainment Group (NYSE:TME) has been under the spotlight from analysts in recent times due to significant price volatility on the NYSE, trading between $32.25 in March and $14.31 in May. The decline attracts the attention of investors. Some investors see this volatilityRead More →
Chinese music streaming company Tencent Music Entertainment (TME) was minding its own business in March – posting strong results in 2020 and announcing a partnership with Warner Music Group – when it was caught off guard by one of the weirdest financial stories of 2021. Out of nowhere, TME sharesRead More →
What happened Chinese music streaming service shares Tencent Music Entertainment Group (NYSE:TME) was caught in a landslide this morning, dropping as much as 21% in early trading, and still down around 19% as of 12:45 a.m. EDT. And yet the only apparent news on the wires today is an announcementRead More →