Music Business News: Asia News Tencent Music close to $2.4 billion deal to acquire podcast firm Ximalaya – with a potential payday for Sony Music Sony Music acquired 4.6 million shares in Ximalaya for a consideration of USD $50 million in 2020 News India’s Tips Music generated $9.1m in calendar Q1 as EBITDA grew 24% YoY Tips' operating EBITDA grew 24% YoY in calendar Q1 to reach USD $4.3m Analysis News Tencent Music lets musicians generate AI tracks and send them directly to streaming app QQ Music TME's ESG report explains how the firm's AI capabilities have been expanded across the business News Min Hee-jin’s legal team: HYBE must prove legality of shareholder agreement termination in $70.5m K-pop dispute Exec claims HYBE bears "the full burden of proof" in demonstrating the lawful termination of shareholder agreement News Live Nation acquires Hayashi International Promotions, one of Japan’s largest concert promoters HIP is one of the largest concert promoters in Japan News Apple Music expands global footprint with new Tokyo radio studio New studio in Japan joins Apple Music's existing facilities in Los Angeles, New York, Nashville, London, Paris, and Berlin News Reservoir expands Indian presence with new subsidiary PopIndia Headed up by PopArabia founder Spek, the new subsidiary reflects Reservoir's focus on emerging markets News Seoul court rejects NewJeans’ motion to overturn injunction in ADOR dispute; group files another appeal NewJeans’ legal team promptly filed an appeal with the Seoul High Court following the decision1 2 … 185 Next
News Tencent Music close to $2.4 billion deal to acquire podcast firm Ximalaya – with a potential payday for Sony Music Sony Music acquired 4.6 million shares in Ximalaya for a consideration of USD $50 million in 2020
News India’s Tips Music generated $9.1m in calendar Q1 as EBITDA grew 24% YoY Tips' operating EBITDA grew 24% YoY in calendar Q1 to reach USD $4.3m
Analysis News Tencent Music lets musicians generate AI tracks and send them directly to streaming app QQ Music TME's ESG report explains how the firm's AI capabilities have been expanded across the business
News Min Hee-jin’s legal team: HYBE must prove legality of shareholder agreement termination in $70.5m K-pop dispute Exec claims HYBE bears "the full burden of proof" in demonstrating the lawful termination of shareholder agreement
News Live Nation acquires Hayashi International Promotions, one of Japan’s largest concert promoters HIP is one of the largest concert promoters in Japan
News Apple Music expands global footprint with new Tokyo radio studio New studio in Japan joins Apple Music's existing facilities in Los Angeles, New York, Nashville, London, Paris, and Berlin
News Reservoir expands Indian presence with new subsidiary PopIndia Headed up by PopArabia founder Spek, the new subsidiary reflects Reservoir's focus on emerging markets
News Seoul court rejects NewJeans’ motion to overturn injunction in ADOR dispute; group files another appeal NewJeans’ legal team promptly filed an appeal with the Seoul High Court following the decision
