South Korean entertainment giant HYBE is selling its entire 9.38% stake in rival K-Pop firm SM Entertainment. The buyer is…
Tag: Tencent
Sony Music renews multi-year licensing deal with Tencent Music Entertainment
Sony Music Entertainment doesn’t often shout about new deals with streaming companies in the press. That means we often have…
Tencent Music’s ‘Super VIP’ tier drives quarterly revenues to $1bn mark as income from streaming subscriptions jumps 16.6%
Tencent Music Entertainment (TME), the largest operator of music streaming services in China, has seen its quarterly revenue pass the…
Tencent Music close to $2.4 billion deal to acquire podcast firm Ximalaya – with a potential payday for Sony Music
Tencent Music Entertainment Group (TME) is reportedly in advanced negotiations to acquire Chinese podcasting company Ximalaya Inc. in a deal…
Tencent Music lets musicians generate AI tracks and send them directly to streaming app QQ Music
Last month, we told you about Tencent Music Entertainment‘s integration with DeepSeek. DeepSeek is the China-headquartered AI platform that triggered…
Tencent Speeds AI Spending After Sales Grow Fastest in Years
(Bloomberg) — Tencent Holdings Ltd. outlined plans to sharply raise spending on AI infrastructure after posting its fastest pace of…
Tencent Music has integrated DeepSeek into its streaming service
China-headquartered DeepSeek caused something of a panic among AI investors when it unveiled its AI chatbot in January, proving that…
Tencent Music now generates over $2bn from music streaming subscriptions annually
Tencent Music Entertainment, China’s largest music streaming company, reported forecast-beating financial results for the fourth quarter and full-year 2024, with…