Today news
Related News
Tencent Music Changes Focus After Regulatory Slap, Profits Drop
Reading now: 826
variety.comPatrick Frater Asia Bureau ChiefChina’s Tencent Music Entertainment is to adjust its business model after being hit with regulatory penalties and seeing its share tumble to record lows.
It will downplay music streaming and control of exclusive content and instead emphasize related services such as karaoke and social entertainment.The company, which is listed on the New York Stock Exchange, but remains controlled by China’s Tencent, released its quarterly results for the three months to June on Tuesday (Monday evening in New York).
Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
