Big Hit Entertainment, the South Korean company behind BTS, had its biggest year ever in 2019, the company announced in a statement on Tuesday (March 31).
Tencent Music Entertainment Revenues Jumped 34% to $3.65B in 2019
17.03.2020 - 03:49 / billboard.com
Mostly unseen in the United States, music streaming company Tencent Music Entertainment continued to prove it’s a formidable force by improving revenues 34% to $3.65 billion (25.43 billion Renminbi) in 2019. Net income jumped 126.7% to $664 million.
Tencent Music, a collection of four streaming platforms in China and South Korea, generates far more revenue selling virtual goods than subscriptions to music. It’s a business model with enviable margins: Tencent Music’s gross margin was $1.25
The website popstar.one is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
justjared.com
01.04.2020 / 04:41
28 University of Texas Students Test Positive for Coronavirus After Going to Spring Break in Mexico
Over two dozen students have tested positive for coronavirus from the University of Texas after going to Mexico for spring break.
hollywoodreporter.com
31.03.2020 / 19:13
Vivendi Closes $3.3 Billion Sale of 10 Percent Universal Music Stake to Tencent-Led Consortium
French entertainment and telecom conglomerate Vivendi said Tuesday that it has closed its sale of a 10 percent stake in Universal Music Group to a consortium led by Chinese online giant Tencent. It confirmed the deal was based on an enterprise value of €30 billion, or $33 billion at current exchange rates, compared with $33.6 billion when the transaction was announced at the end of 2019.
billboard.com
31.03.2020 / 15:25
Vivendi Wraps $3.3 Billion Sale of 10% UMG Stake to Tencent-Led Consortium
French entertainment and telecom conglomerate Vivendi said Tuesday that it has closed its sale of a 10 percent stake in Universal Music Group to a consortium led by Chinese online giant Tencent.It confirmed the deal was based on an enterprise value of €30 billion, or $33 billion at current exchange rates, compared with $33.6 billion when the transaction was announced at the end of 2019.
deadline.com
31.03.2020 / 13:09
Vivendi Closes $3.3B Sale Of Universal Music Group Stake To China’s Tencent
By Jake Kanter
variety.com
31.03.2020 / 13:07
Vivendi Closes Sale of 10% of UMG to Tencent-Led Consortium
Vivendi has closed the sale of 10% of its subsidiary Universal Music Group to a consortium led by the Chinese powerhouse Tencent. The deal, which was signed three months ago, values UMG for €30 billion.
nypost.com
28.03.2020 / 01:47
‘Roswell, New Mexico’ star Amber Midthunder walks us through Season 2
Amber Midthunder didn’t have to go far from home to film her role in “Roswell, New Mexico.”
variety.com
27.03.2020 / 21:51
Why Are Music Streams Down If Everyone’s Stuck at Home? Experts Weigh in
While it might seem counterintuitive that music streams would decline at a time when so many Americans were ordered to stay home, data-savvy label executives were neither startled nor concerned by the 7.6% drop in plays that happened in the March 13-19 tracking week. Simply put, the say it’s down to focus on news and other televised options; the loss of daily commutes, where many people stream music; and multiple people at home together streaming the same things.
justjared.com
24.03.2020 / 07:45
Elon Musk Has Delivered A Ton of Ventilators To Aid With Global Health Crisis
Just days after Elon Musk said he was ready for Tesla to start making ventilators to combat and aid medical professionals in the fight against coronavirus, he’s delivered a handful already.
billboard.com
20.03.2020 / 00:13
Music City on Pause? How Detroit Is Coping With Coronavirus
During its peak season, Detroit's Motown Museum welcomes up to 450 fans per day touring the original Hitsville USA facility. Right now, however, it's not the same old song.
variety.com
18.03.2020 / 14:37
China’s Tencent Reaches Profit of $13 Billion Despite Struggle
Tencent, China’s social media, games and streaming giant, unveiled solidly normal financial results for its year to December. It signaled damage to the Chinese economy from the coronavirus outbreak, but the group is expanding the range of business activities that can be done online.
variety.com
17.03.2020 / 13:13
Paying Subscriber Growth Lifts Profit at China’s Tencent Music
Tencent Music Entertainment, China’s leading online music conglomerate, increased revenues and profits in its 2019 financial year. That follows growth in the number of paying subscribers and their average spend with the company.
variety.com
17.03.2020 / 09:15
Paying Subscriber Growth Lifts Profit at China’s Tencent Music
Tencent Music Entertainment, China’s leading online music conglomerate, increased revenues and profits in its 2019 financial year. That follows growth in the number of paying subscribers and their average spend with the company.
variety.com
13.03.2020 / 21:47
As New Mexico Filming Booms, the First-Ever Native American-Owned Film Studio Opens
Last year, the Tesuque Pueblo tribe of New Mexico opened a new casino, moving out of a 75,000-square foot facility that they quickly realized could be repurposed as a studio facility.