Music Streaming

Tencent Music generated RMB8.93 billion in Q2 revenue, up 5.8% year over year, as music-related services grew 11% and newly acquired Ximalaya added $60 million in its first consolidated quarter. Ximalaya expands Tencent Music beyond songs and karaoke into podcasts,…

Spotify’s planned paid AI covers and remixes add-on creates a new revenue stream from Premium subscribers while leaving artists without key details on royalty formulas, ownership, payment triggers, deductions, training rights, and opt-out controls. Merlin’s participation gives Spotify access to…