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  1. #821

    Sweaty Dick Punching Enthusiast

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    good for them but please God don't let the man ruin my perfectly charred burgers

  2. #822
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    https://www.npr.org/2020/01/08/79451...sful-record-la

    Tencent is seeking a 10% stake in Universal Music.

    Tencent Holdings owns China's biggest music company, Tencent Music Entertainment, which controls roughly 60% to 70% of the local music market and itself owns shares in many high-profile global music ventures. In fact, just over two years ago, Tencent Music and Spotify announced an unusual equity-swap agreement, in which the two companies purchased a roughly 9% stake in each other's businesses. (While Spotify is available in nearly 80 markets, China is not currently one of them.)

    Tencent Music also operates the Chinese music-streaming apps QQ Music, Kugou and Kuwo, as well as karaoke app WeSing. According to the company's latest earnings report, its three music-streaming products attracted over 661 million mobile monthly active users in the third quarter of 2019. Only around 5% of those users paid for a subscription, yet the company is still profitable, because it makes over 70% of its revenue from "social entertainment services" such as tipping and other forms of in-app "virtual gifts" — which are commonplace on Chinese social-media platforms, though rare in the Western streaming landscape.

    But why would Tencent want to diversify into the label business? It certainly has a large-enough audience, to the tune of hundreds of millions of monthly active users, as well as more than enough cash to keep afloat.

    The most likely answer is direct access to intellectual property and talent — combining music creation, marketing, distribution and consumption into one business. Tencent Music may have the technological prowess to maintain its apps, but needs a bit more help when it comes to artist marketing and creative development.


    Aside from controlling most of China's music market, Tencent Holdings also owns WeChat and QQ, two of China's biggest social and messaging platforms. Its gaming subsidiary, Tencent Games, owns Riot Games (League of Legends) and has stakes in Epic Games (Fortnite), Ubisoft (Assassin's Creed) and Activision Blizzard (Call of Duty). All in all, the conglomerate invested in a total of "only" 108 companies across media, entertainment, fintech and education in 2019, which was actually a 33% drop in activity year-over-year.

  3. #823
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    Fox No More, Disney is Re-Branding All Fox Properties
    20th Century Studios | Searchlight Pictures

    https://variety.com/2020/film/news/d...os-1203470349/

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