Trending

Share on facebook

Tencent Music Adds International Distribution Option For Artists – Digital Music News

.hide-if-no-js { display: none !important; }
.hide-if-no-js { display: none !important; }
.hide-if-no-js { display: none !important; }
Tencent Music IPO Launches at Lowest Expected Price RangeTencent Music IPO Launches at Lowest Expected Price Range
Tencent Music Entertainment (TME) – which operates QQ Music, Kugou, Kuwo, and a karaoke app called WeSing – unveiled the global distribution option, “One-Click For All,” via a formal release that was emailed to DMN.
As its name suggests, the just-revealed distribution tool enables creators on the Tencent Musician service “to distribute musical works, with one single click, to over 150 popular global platforms.” Said platforms include Apple Music, YouTube, and Spotify, TME relayed, and reach listeners in “more than 200 countries and regions.”
(A multi-percentage portion of Spotify belongs to Tencent, the owner of 20 percent of Universal Music; UMG in turn holds north of 12 million TME shares, besides nearly 6.5 million Spotify shares.)
Tencent Music also communicated that it will provide participating musicians (TME’s Tencent Musician community encompassed 300,000 indie artists as of Q4 2021) with an International Standard Recording Code (ISRC) for free. These professionals will then receive “up to 70%” of their income from the global distribution tool “after subtracting the service fee,” higher-ups indicated.
ByteDance has faced comparatively mild regulatory scrutiny from the Chinese government, whereas TME was made to give up its exclusive music deals last year, before Beijing outlawed exclusive contracts outright to kick off 2022.
NetEase Cloud Music likewise announced the legal action in a comparatively lengthy Mandarin post published across Chinese social media services, complete with images of the purported infringement.
In brief, NetEase Cloud Music is alleging that Tencent’s music streaming company committed “malicious infringement” by playing “copyrighted songs without authorization” and “secretly” released NetEase “works through the ‘Import External Playlist’ function” on QQ Music.
Tencent Music – which was worth $4.07 per share when the market closed today – also “batches unauthorized popular songs for fake and malicious interception,” the plaintiff maintains, while QQ, Kugou, and Kuwo alike are said to have “plagiarized [the] NetEase Cloud Music vinyl play page design.”
Last month, TikTok (known as Douyin in China) launched a distribution and marketing service, “SoundOn,” and Tencent Music is scheduled to post its Q1 2022 earnings on Tuesday, May 17th.

source

Relavance

Transactional Video on Demand Market Size & Share [2022-2029] | Global Industry Growth Rate, Key Players, Type & Application, Expansion Plans, Recent Developments, Revenue, Challenges, Restraints Analysis – GlobeNewswire

Party like it's 1999 – Stereophile Magazine

Most Viewed

NFT TONE

NEWS

Party like it's 1999 – Stereophile Magazine

When I wrote that, 2021 wasn’t quite over, so year-end financials weren’t available. They’re available now. According to the Recording Industry Association of America, in