Tencent Music Entertainment has acquired a stake in Warner Music Group worth $100 million, according to an SEC filing by WMG on Friday. The company has acquired 4 million Class A common stock share…
worth $100 million, according to an SEC filing by WMG on Friday. The company has acquired 4 million Class A common stock shares in WMG, according to the filing.
The deal, while amounting to a relatively small percentage of Warner’s value, which is estimated at around $16 million, gives Tencent a stake in two of the world’s three major label groups: Late last year, Tencent closed a deal to acquire 10% of the world’s largest music company, Universal Music Group, which was recently valued at a whopping $33 billion..
The move took place on June 3, the day WMG debuted on Nasdaq. The news was first reported by Music Business Worldwide. According to its calculations, on that day Tencent would have paid around $120 million. Warner, which was previously owned entirely by Len Blavatnik’s Access Industries, first announced its intention to launch an IPO in February, but shortly afterward, on March 2,
when the coronavirus pandemic took effect in the U.S. and Europe. Access purchased Warner in 2011 for $3.3 billion.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Warner Music's Stock Offering Previews a Hot New Sound for Industry: Cha-ching!?WMG&39;s initial public offering marks the music industry&39;s triumphant return to Wall Street after years spent searching for a sustainable business model.
続きを読む »
ViacomCBS Names Bruce Gillmer President of Music, Music Talent, Programming & EventsViacomCBS has named Bruce Gillmer president of music, music talent, programming & events, effective immediately. According to the announcement, Gilmer will report to president/CEO Bob Bakish an…
続きを読む »
Atlas Music Group Strikes Deal With Indie Publisher Memory LaneThe Atlas Music Group has cut a global administration and marketing deal with Memory Lane Music Group, an independent music publishing company.
続きを読む »
LAMC 2020: Juanes Talks Making Music During a PandemicIn a conversation during theLAMC, juanes spoke about making music amid the pandemic, being a big rock fan, and how Metallica inspired his passion for music.
続きを読む »
Chicago's Annual Lollapalooza Music Festival Canceled Due to Coronavirus PandemicThe popular summer music festival will hold a virtual event instead with 'epic archival sets' from past performances
続きを読む »
Cozz's Black Music Month 2020 Playlist: ListenFor Black Music Month, Cozz&39;s playlist features a bevy of gems such as Jay-Z&39;s &39;The Story of O.J.,&39; Kendrick Lamar&39;s &39;The Blacker the Berry,&39; and more.
続きを読む »