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BENGALURU: China's Tencent Music Entertainment Group (TME) said on Monday its quarterly revenue leaped 18%, beating Wall Street estimates, as it put more music for streaming behind its paywall and grew its paid subscriber base by more than half.
HONG KONG: A Chinese investor accused the co-president of Tencent Music Entertainment Group, which could fetch as much as US$1.23bil in an IPO this month, of using lies and threats to get him to sell his stake in a company that eventually became part of China’s largest music-streaming service.
LOS ANGELES: Stockholm-based Spotify is about to enter talks on new contracts with all three major record labels, and the deals will determine whether the company, which went public in April, can turn its money-losing service into a profitable one.
LOS ANGELES: Sony Corp. has reached an agreement with the estate of Michael Jackson to acquire the late music star's interest in their joint music business for $750 million.
LOS ANGELES: You may be singing Call Me Maybe or dancing Gangnam Style to this year's music, but it was veteran hip-hop artist Dr. Dre who topped Forbes' list of the 25 highest-paid musicians in 2012, released on Thursday.
LOS ANGELES: Some 28.1 million Americans watched the Grammy Awards show on television, a predictable 30 percent drop from last year's emotion-filled ceremony following the death of singer Whitney Houston, according to ratings data on Monday.
ADVERTISING people have long been known to apply their talent to campaigns that bring good to our world. Just off the top of my turban, David Droga’s 2007 Tap Project started with 300 New York City restaurants asking patrons to pay a dollar for their tap water to Unicef. For every dollar raised, a child in need received 40 days of clean drinking water; 4,000 children under the age of five die of water-borne diseases every day.