Home > News content

Tencent music continues to expand Copyright: will invest 200 million US dollars in Warner Music

via:驱动之家     time:2020/5/30 17:38:46     readed:75

As China's first listening software, Tencent music's advantages can not be shaken, in the final analysis, the copyright is strong enough.

According to foreign media reports,Tencent, the Chinese Internet giant, plans to invest $200m in Warner Music Group, and the deal is under negotiation. Earlier, Warner Music plans to launch an initial public offering next week.

In addition to Tencent, Warner Music is trying to reach out to other institutions that will contribute more than $1 billion to Warner Music's $1.8 billion fund-raising target as major investors, people familiar with the matter said. Warner Music is the third largest record company in the world, with well-known artists such as Cardi B, ed Sheeran and Bruno Mars. The launch of Warner Music is likely to be New York's largest IPO so far in 2020.

This novel coronavirus announced the delay of IPO in March this year, because the global pandemic of the new coronavirus has caused a shock to the capital market, and many companies ready to go public have stopped.

In addition to being the dominant music player in China, Tencent music continues to expand itself, that is, to invest more money to buy copyrights. For example, they will buy 10% of the shares of UMG. At present, many songs are copyrighted in Tencent music, which is not particularly good news for users

腾讯音乐新财报:净利同比增17.4%、付费用户扩大

China IT News APP

Download China IT News APP

Please rate this news

The average score will be displayed after you score.

Post comment

Do not see clearly? Click for a new code.

User comments

Related news