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Tencent music - Tencent Music Changes Focus After Regulatory Slap, Profits Drop




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Revenue rose 24 percent to 7.





EXCLUSIVITY Tencent Music, China's equivalent to Spotify Technology SA , had been pursuing exclusive streaming rights with labels including Universal Music Group, Sony Music Group and Warner Music Group Corp to fend off competition.







In addition, long term Debt to Equity ratio is set at 0.











In the first quarter of 2021, Tencent Music announced it had 60.

There were some silver linings, however.






Description: Tencent Music Entertainment Group TME full year performance was -78.

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Views: 6320 Date: 22.01.2023 Favorited: 81 favorites
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That, coupled with efforts to diversify its content base through long-form shows and live talk shows, has helped lure more paying users as well as advertisers.
So what In the fourth quarter, Tencent Music posted a revenue decline of 8.
On April 2 of World Autism Awareness Day, TME launched its "Shape of Music" charity project for the autistic community with a charity album and digital music collection.

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Latest Comments

    +329reps
    Ultimate Music. Ultimate Music is a platform where we provide services to various smart devices and automobile manufacturers, enabling them to develop built-in music players. Focused on bringing music to everything, Ultimate Music aims to create a vibrant B2B music ecosystem.
    By: callicool|||https://www.facebook.com/directory/pages/C-2754276-2758074|||https://twitter.com/callicool|||https://www.reddit.com/user/callicool/
    +391reps
    TME's platform comprises online music, online audio, online karaoke, music-centric live streaming and online concert services, enabling music fans to discover, listen, sing, watch, perform and .
    By: Dscherb24|||https://www.facebook.com/crossfit.kitsilano/posts|||https://twitter.com/DScherb24|||https://www.reddit.com/user/Dscherb24
    +339reps
    Tencent Music has published a report from its internal research institute exploring how China’s music-streaming economy grew in 2021. The report is a Chinese-language publication, but TME’s announcement of it breaks down some of the key figures in English.
    By: donteatmysandwich|||https://www.facebook.com/donteatmysandwich|||https://twitter.com/dancer_liv|||https://www.reddit.com/user/donteatmysandwich
    +167reps
    Tencent Music Entertainment Group (NYSE: TME) is the leading online music and audio entertainment platform in China, operating the country's highly popular and innovative music apps: QQ Music.
    By: dmode112378|||https://www.facebook.com/dmode112378|||https://twitter.com/CatelynnLowell/status/1164228912534233088|||https://www.reddit.com/user/dmode112378
    +339reps
    QQ Music. Established in 2005, QQ Music is a leading online music service with nationwide popularity that offers a comprehensive music library and a broad range of music-related video content. QQ Music focuses on popular artists and top mainstream hits for younger music fans in China. It provides a platform for both initial and exclusive.
    By: bigells|||https://m.facebook.com/BigElls-BBQ-137326506827983/|||https://twitter.com/bigells|||https://www.reddit.com/user/bigells
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