The Latest Breaking News from Tencent Music Entertainment Group

The entertainment industry has been under pressure due to macroeconomic challenges. However, its long-term prospects look steady. Therefore, while it could be wise to wait for a better entry point in Sony Group (SONY) and Tencent Music (TME), Walt Disney (DIS) might be best avoided considering its weak fundamentals. Continue…

Due to ongoing evolution and growing consumer demand, the entertainment industry seems well-positioned to withstand the challenges posed by volatile economic conditions. While entertainment stocks stand to benefit from the industry tailwinds, let us analyze which entertainment stock among, Sony Group (SONY) and Tencent Music (TME), is the better buy…

NetEase, Inc's (NASDAQ: NTES) Cloud Music unit prosecuted Tencent Music Entertainment Group (NYSE: TME) for alleged unfair competition and plagiarizing its app design, Reuters reports.

Tencent Music Entertainment Group - ADR (NYSE: TME) shares are trading higher by 10.0% at $5.11 after the company reported better-than-expected fourth-quarter EPS results.

Tencent Music Entertainment Group (NYSE:TME) reported a fourth-quarter revenue decline of 8.7% year-over-year to $1.19 billion (RMB 7.61 billion), missing the consensus of $1.23 billion. Online music service revenues grew by 4.3% Y/Y. Revenues from music subscriptions were RMB1.95 billion ($306 million), an increase of 23.5% Y/Y. Online music paying users increased by…

The shares of China’s leading music entertainment platform, Tencent (TME), have been down more than 75% in price over the past year on investor anxiety about multiple regulatory crackdowns on the company. TME has also cited tightening regulation and increased competition as having impacted its performance in its most recent…