Langbahn Team – Weltmeisterschaft

Tencent Music

Tencent Music Entertainment Group
FormerlyChina Music Corporation
Company typePublic
NYSE: TME (ADS)
SEHK: 1698
ISINUS88034P1093 Edit this on Wikidata
PredecessorChina Music Corporation
Tencent's QQ Music division
FoundedJuly 2016; 8 years ago (2016-07)
HeadquartersShenzhen, Guangdong, China
ProductsQQ Music, Kugou, Kuwo, WeSing, Ultimate Music
RevenueIncrease CN¥31.24 billion (2021)[1]
Owners
Number of employees
5,966[1] (December 2021)
ParentTencent Interactive Entertainment Group
Websitewww.tencentmusic.com

Tencent Music Entertainment Group (TME; Chinese: 腾讯音乐娱乐集团) is a company that develops music streaming services for the Chinese market. Tencent Music's apps include QQ Music, KuGou, Kuwo, and WeSing; which have more than 800 million active users and 120 million paying subscribers.[2][3][4] As of July 2016, Tencent Music's three services held an estimated 56% market share of music streaming services in China.[5]

In the first quarter of 2021, Tencent Music announced it had 60.9 million paying users, up 42.6% compared to the 42.7 million paying users in the first quarter of 2020. In addition, the total number of music streaming users was announced to be 615 million, a drop of 6.4% compared to the first quarter of 2020 (657 million).[6]

History

Tencent Music was established in July 2016 with Tencent's purchase of China Music Corporation to strengthen its music offerings.[7] On July 4, 2018, Sony/ATV Music Publishing acquired an equity stake in Tencent Music.[8][9] In October 2018, the firm filed for IPOs of around $2 billion[10] in the United States.[11]

In December 2018, the company announced an IPO with the total value of shares around $1.23 billion, which includes 82 million ADS and 164 million regular shares priced around $13 - $15.[12]

On January 30, 2019, SM Entertainment, the largest entertainment agency of South Korea entered into strategic partnership agreement with China's Tencent Music that included music distribution and marketing in the Chinese market.[13]

In June 2020, the Government of India banned QQ Music with 58 other Chinese origin apps citing data and privacy issues. The border tensions in 2020 between India and China might have also played a role in the ban.[14][15]

As of 2023, 16.47% of Tencent Music class A ordinary shares are owned by Spotify.[16][17]

Charts

Tencent Music currently has three charts: The TME UNI Chart, launched in 2018; the TME Wave Chart, launched in 2020; and the TME Korean Chart, launched in 2024.[18][19][20]

Tencent Music began releasing the first "Chinese Digital Music Annual Report" in 2019 and continues to do so every year.[21] The annual report includes rankings of top songs, albums, and artists from all three charts and an overall Chinese Digital Music ranking based on the comprehensive results from TME UNI Chart and TME Wave Chart.

TME UNI Chart

The name, UNI, is a homophone for "up to you" (由你) in Chinese as this chart is determined by the listeners. The TME UNI Chart contains two lists: Real-time List and Past List. Real-time List shows the top 200 songs and updates every ten minutes. Past List shows the top 100 songs from each charting week, which runs from Monday to Sunday.[22] In 2023, Tencent Music Entertainment Group announced a partnership with Billboard to integrate the TME UNI Chart into Billboard's official Hits of the World collection of global record charts.[23][24]

Eligible songs must be new songs within six weeks of their initial release on Tencent Music's platform and are not part of the following song types:

  • Songs without clear ownership and/or credit to the songwriters
  • Cover songs without any adaptations
  • User-generated, demo, trial, and/or incomplete version of songs
  • Live versions of songs performed during commercial performances, concerts, or television programs
  • Instrumental and/or background music
  • Songs with vulgar lyrics and/or content that do not comply with relevant national regulations
  • Songs released more than three months ago that are later added to Tencent Music's platform

Songs are ranked based on streaming, social, and sales activity from registered accounts on QQ Music, KuGou Music, KuWo Music, WeSing, Joox, Weibo Music, and Weixin Video Account.

TME Wave Chart

The name, Wave, symbolizing the new wave of music. The TME Wave Chart is a monthly ranking of the top songs in China compiled based on scores and recommendations from more than 250 music industry professionals.[25]

Eligible songs must be new songs released in the same month as the chart month and are not part of the following song types:

  • Songs without clear ownership and/or credit to the songwriters
  • Cover songs without any adaptations
  • User-generated, demo, trial, and/or incomplete version of songs
  • Live versions of songs performed during commercial performances, concerts, or television programs
  • Instrumental and/or background music
  • Songs with vulgar lyrics and/or content that do not comply with relevant national regulations
  • Songs released more than three months ago that are later added to Tencent Music's platform

The TME Wave Chart ranking is determined in two stages: nomination and scoring. Industry professionals first nominate and vote on songs released during the review cycle to determine the top 20 songs selected for scoring. The songs are the scored based on the following five categories, each worth ten points: lyrics, composition, arrangement, production, and vocals. The top 20 songs are then ranked based on the average of the five scoring categories.

TME Korean Chart

The TME Korean Chart ranks the top Korean songs within China based on streaming and sales activity from the platforms QQ Music, KuGou Music, KuWo Music, Polka Dot, and Joox as well as data from Circle Chart and Hanteo Chart.

The TME Korean Chart contains two lists: Real-time List and Past List. Real-time List shows the top 200 songs and updates every ten minutes. Past List shows the top 100 songs from each charting week, which runs from Monday to Sunday. Songs are ranked based on streaming (50%), sales (30%), and social activities (20%). [26]

This chart follows a set of rules based on length of time since a song's release on Tencent Music platform:

  • Weeks 1-12: Songs are eligible to chart
  • Weeks 13-26: Songs that fall outside the Top 100 are removed from and cannot reenter the chart
  • Weeks 27-52: Songs that fall outside the Top 50 are removed from and cannot reenter the chart
  • Weeks 52 and beyond: Songs that fall outside the Top 25 are removed from and cannot reenter the chart

References

  1. ^ a b "Tencent Music 2021 Annual Report (Form 20-F)". U.S. Securities and Exchange Commission. 26 April 2022. p. 151.
  2. ^ "Tencent Music drowns out Spotify and Apple". Bloomberg News. Archived from the original on 2018-08-08. Retrieved 2018-08-07.
  3. ^ "Revealed: Billboard's 2017 Digital Power Players, Guiding the Future in Music and Tech". Billboard. Archived from the original on 2018-06-14. Retrieved 2018-08-07.
  4. ^ Lee, Pearl (27 June 2017). "Why China's music streaming is leading the world". Tech in Asia. Archived from the original on 13 June 2018. Retrieved 7 August 2018.
  5. ^ Soo, Zen (15 July 2016). "Tencent to merge QQ Music service with China Music Corp to create streaming giant". South China Morning Post. Archived from the original on 8 August 2018. Retrieved 8 August 2018.
  6. ^ "Tencent Music Entertainment Group Announces First Quarter 2021 Unaudited Financial Results". Tencent Music - Press Releases. Retrieved 2021-06-14.
  7. ^ "Tencent spikes on music arm move". The Standard. Archived from the original on 2017-11-02. Retrieved 2018-08-07.
  8. ^ Sony/ATV Share Tencent IPO Profits with Songwriters Archived 2018-08-12 at the Wayback Machine oneedm.com, Retrieved on 11 August 2018
  9. ^ Sony/ATV owns a stake in Tencent Music Entertainment Archived 2018-08-12 at the Wayback Machine musicbusinessworldwide.com, Retrieved on 11 August 2018
  10. ^ Hughes, Jennifer. "Crunch time for Tencent Music's 2018 $2 billion IPO hopes". U.S. Archived from the original on 2018-11-21. Retrieved 2018-11-21.
  11. ^ Farrell, Maureen; Steele, Anne (2018-10-02). "Tencent Music Files for U.S. IPO". Wall Street Journal. ISSN 0099-9660. Archived from the original on 2018-10-03. Retrieved 2018-10-03.
  12. ^ "Tencent Music moving ahead with its $1.2B U.S. stock market debut". TechCrunch. Archived from the original on 2018-12-04. Retrieved 2018-12-04.
  13. ^ "SM, 中 최대 엔터 텐센트 뮤직과 전략적 파트너십 체결 [공식]". entertain.naver.com (in Korean). Retrieved 2020-09-03.
  14. ^ "India bans 59 Chinese apps including TikTok, Helo, WeChat". The Economic Times. July 3, 2020. Archived from the original on July 16, 2020. Retrieved July 20, 2020.
  15. ^ "Full list of 59 Chinese apps banned by Indian govt". ThePrint. June 29, 2020. Archived from the original on July 17, 2020. Retrieved July 20, 2020.
  16. ^ "Spotify Technology S.A. : Shareholders Board Members Managers and Company Profile | LU1778762911 | MarketScreener". www.marketscreener.com. Retrieved 2023-12-23.
  17. ^ "Tencent Music Entertainment Group : Shareholders Board Members Managers and Company Profile | US88034P1093 | MarketScreener". www.marketscreener.com. Retrieved 2023-12-23.
  18. ^ "腾讯音乐娱乐集团加持 由你音乐榜年度报告带你看懂数字音乐前景" [Launched by Tencent Music Entertainment Group, the UNI Music Chart Annual Report helps you understand the future of digital music]. Xinhua News Network (in Chinese). March 30, 2020.
  19. ^ "腾讯音乐娱乐集团推出浪潮联创音乐榜" [Tencent Music Entertainment Group launches Wave Music Chart]. Xinhuanet (in Chinese). December 24, 2020. Archived from the original on August 19, 2022.
  20. ^ "腾讯音乐榜" [Tencent Music Chart]. Weibo (in Chinese). March 25, 2024. Retrieved March 25, 2024.
  21. ^ "由你音乐榜2020年度盘点上线: 用数据为华语乐坛测温". Qianlong. January 19, 2021. Archived from the original on August 3, 2021.
  22. ^ "TME Uni Chart". Tencent Music. Retrieved January 7, 2025.
  23. ^ "Tencent Music Entertainment Group Introduces TME UNI Chart on Billboard to Promote Chinese Music in Global Markets". PR News Wire. Tencent Music Entertainment Group. February 8, 2023. Retrieved September 21, 2023.
  24. ^ "腾讯音乐由你榜登陆Billboard公告牌, 更多华语音乐将被世界听见" [Tencent Music’s UNI Chart is launched on Billboard, more Chinese music will be heard around the world]. Beijing Daily. February 8, 2022. Archived from the original on April 20, 2024.
  25. ^ Liu, Hsiuwen (February 21, 2023). "Tencent Music Responds to China Streaming Manipulation Concerns With New Year-End Chart". Billboard. Retrieved February 21, 2023.
  26. ^ "Tencent Korean Chart Rules". Tencent Music (in Chinese). Retrieved January 7, 2025.
Quelle: Https://en.wikipedia.org/wiki/Tencent_Music