Get the latest gossip
Tencent Music Profits Climb 28% in First Quarter as More Users Pay for Streaming
China's Tencent Music saw profits climb by 28% in the first quarter as more users were prepared to may higher rated for music streaming.
By broadening content and introducing more tailored platform offerings that resonate deeply with users, we continue to strengthen our vibrancy and competitiveness in this dynamic industry,” said Cussion Pang, TME’s executive chairman said in a statement. It renewed a deal with Time Fengjun Entertainment, featuring 30-day head-start privileges on new songs and added Dolby Atmos upgrades for popular idol groups such as TFBOYS. And partnered with strategic artists and indie musicians to create hit songs on social media, such as “River Flow” by Tia Ray and “What I Anticipate Is Not Snow,” by Zhang Miaoge.
Or read this on Variety