A little more than a week after Warner Music Group‘s IPO led to a $15.3 billion valuation, Chinese entertainment behemoth Tencent — the country’s leader in music streaming — has purchased 5.2% of WMG’s Class A shares, equating to about 0.8% total of the U.S.-based recorded music company, for $100 …
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On the surface of it, the worldwide music business has good reason to prioritize other nations over India. In the latest annual league table of recorded-music revenue generation, compiled by global music-biz body IFPI in 2017, India ranked at a lowly number 19. The $130.7 million accrued by labels and …
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The music business doesn’t do certainties. This capriciousness, of course, is one of the things that makes it so beguiling. Three minutes of songwriting inspiration; an influential new fan; an out-of-the-blue pop-culture hook-up — they can all instantly rocket a song, or a star, into the consciousness of millions. Yet …
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