Tencent Music Entertainment, China’s largest music streaming service operator, is expanding its involvement in the live music sector by partnering with Galaxy, which represents South Korean rapper G-Dragon on regional tours.
This cooperation will cover multiple markets such as Southeast Asia, the Middle East, Hong Kong, Macao, Taiwan, Australia, and New Zealand.
“Partnering with a globally renowned musician like G-Dragon fits perfectly with TME’s vision of connecting international audiences with exceptional music experiences.” TC panCurrently serves as Vice President of Tencent Music Group.
“This partnership not only strengthens our presence in global markets, it also underscores our commitment to helping music partners and artists reach their full potential on the world stage.”
“Partnering with a globally renowned musician like G-Dragon is fully aligned with TME’s vision of connecting international audiences with exceptional music experiences.”
TC panTencent Music Entertainment
Cui YonghaoCEO galaxy company” added: “We are pleased to partner with Tencent Music Entertainment, a global entertainment technology company listed on the New York Stock Exchange and Hong Kong Stock Exchange. Building on this strategic partnership, we plan to bring artificial intelligence, augmented reality Integrating environments, mixed reality and robotics into entertainment to create a new type of concert experience for global audiences.
The establishment of this alliance comes as Tencent Music is expanding its global influence through other initiatives. Global music promotion The program provides an international platform for Chinese music artists and promotes cross-border collaboration. The program kicked off in Singapore in September and included a series of activities such as live performances, music sharing sessions, and industry forums, aiming to promote Chinese music overseas.
In addition to Chinese music streaming services QQ Music and KugouCar music application Those ones and karaoke apps we singwhich also operates jocks Streaming services in Southeast Asia.
In the first half of the year, Tencent Music added new contracts 10 million Net paying subscribers, keep up Spotify. Overall revenue from music services has grown significantly Annual increase of 27.7% arrive 5.42 billion yuan ($760.6 million) in the second quarter of this year.
Between December 2023 and June 2024, TME added 10.3 million paid music streaming subscribers, 6.8 million New subscribers in the first quarter 3.5 million Newly added in Q2 2024.
global music business
