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Japan should look to China for future streaming growth

Japan should look to China for future streaming growth according to media and technology analysts, MIDiA Research. Despite being the world’s second largest recorded music market accounting for 14% of the global total, Japanese recorded music revenues fell by 3.3% in 2018 (US dollar value) or 1.8% (Yen value). Although streaming was up 30% in 2018, physical sales still accounted for 69% of all revenues. CD sales and monetising fandom One of the major drivers […]

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China’s Tencent Music looks to go public in US

Hong Kong based Tencent Holdings has submitted a proposal to the Hong Kong Stock Exchange to spin-off its Tencent Music Entertainment Group (Tencent Music) on the New York Stock Exchange. Tencent Music is the leading online music entertainment platform in China and Chinese media sources believe that Tencent Music will be valued at between $29 bn and $31 bn after this flotation. The Initial Public Offering (IPO) is expected to raise up to $4 bn […]