mjzee Posted August 7, 2019 Report Share Posted August 7, 2019 Chinese digital giant Tencent has entered negotiations with French media conglomerate Vivendi to buy a 10% stake in Universal Music Group. Vivendi announced the talks Tuesday, saying that the negotiations were based on a valuation of UMG of €30 billion ($33.6 billion). Tencent’s potential 10% stake would therefore cost €3 billion ($3.36 billion). The deal would give Tencent a one-year option to purchase another 10% stake on the same terms. Vivendi said the two companies were also exploring other areas of “strategic commercial cooperation” that would help grow UMG, the world’s biggest music company with market share of more than 30% in 2018, through new digital initiatives and territories. In addition, Vivendi is continuing to seek other buyers interested in a stake in its extremely lucrative music unit, which boasts a glittering roster of superstars such as Katy Perry, Lady Gaga and Billie Eilish, as well as divisions dedicated to publishing, merchandise and other sectors. More here: https://variety.com/2019/music/news/tencent-talks-buy-stake-universal-music-group-vivendi-1203293477/ Quote Link to comment Share on other sites More sharing options...
kh1958 Posted August 7, 2019 Report Share Posted August 7, 2019 Don't tell them about that fire. Shhhh…. Quote Link to comment Share on other sites More sharing options...
Dave James Posted August 7, 2019 Report Share Posted August 7, 2019 Whew !! For a second, I thought Tencent was a rapper. Quote Link to comment Share on other sites More sharing options...
Chuck Nessa Posted August 7, 2019 Report Share Posted August 7, 2019 (edited) 34 minutes ago, Dave James said: Whew !! For a second, I thought Tencent was a rapper. Me 2 Edited August 7, 2019 by Chuck Nessa Quote Link to comment Share on other sites More sharing options...
duaneiac Posted August 7, 2019 Report Share Posted August 7, 2019 51 minutes ago, Dave James said: Whew !! For a second, I thought Tencent was a rapper. Well, I at least knew better than that. I still remember Tencent from the chain of stores he and his partner Five had all across the country years and years ago (their stores were famous for the line of Million Dollar Babies they carried). I wondered what happened to them after the stores went out of business. Apparently Tencent moved to China and has done quite well for himself. The still unanswered question for me is, who is Billie Eilish? Quote Link to comment Share on other sites More sharing options...
GA Russell Posted August 8, 2019 Report Share Posted August 8, 2019 1 - I find this odd because China is famous for intellectual property theft. 2 - When I read about Universal, Sony and Warner being the world's three biggest record companies, I never see a reference to any Chinese or Indian stars on their labels. Who do the Chinese and Indian stars record for? Quote Link to comment Share on other sites More sharing options...
T.D. Posted August 8, 2019 Report Share Posted August 8, 2019 Regarding #1, a little Googling will reveal that Tencent already has done a share swap with Spotify "that saw each side take an undisclosed slice of the other for strategic purposes going forward". These were significant slices, 7.5 to 10% at the time. There's also talk that streaming is growing in China. Reuters article here. More analysis from a source unfamiliar to me here. I have no idea about #2. Quote Link to comment Share on other sites More sharing options...
Big Beat Steve Posted August 8, 2019 Report Share Posted August 8, 2019 7 hours ago, Chuck Nessa said: Me 2 Me 3 As for Chinese megastars, I wondered about what GA Russell said too. Are there any statistics on what their sales are e.g. in the US or key European markets? Quote Link to comment Share on other sites More sharing options...
JSngry Posted August 8, 2019 Report Share Posted August 8, 2019 In my admittedly limited experience with current "Asian" pop musics being consumed in America, I got one word - digital. And all the implications that come with that. "Sales" may be an only occasionally relevant statistic. 15 hours ago, duaneiac said: The still unanswered question for me is, who is Billie Eilish? https://en.wikipedia.org/wiki/Billie_Eilish Quote Link to comment Share on other sites More sharing options...
Big Beat Steve Posted August 8, 2019 Report Share Posted August 8, 2019 (edited) 10 minutes ago, JSngry said: In my admittedly limited experience with current "Asian" pop musics being consumed in America, I got one word - digital. And all the implications that come with that. "Sales" may be an only occasionally relevant statistic. I.e. translate my question as "download/streaming statistics" or whatever the industry uses to verify who is a "hot act" in the world of digital music consumption. Edited August 8, 2019 by Big Beat Steve Quote Link to comment Share on other sites More sharing options...
JSngry Posted August 8, 2019 Report Share Posted August 8, 2019 My point is just that there's a lot of traffic in that music that doesn't involve official industry channels. Again, my experience is limited, but there seem to be plenty of ways to get the media (and not just music) from, shall we say, "unauthorized third party sources". It's pop music, it's coming from a different continent, and it's digital. Use your imagination as to the possibilities! Quote Link to comment Share on other sites More sharing options...
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