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Asia-Focus . Media . Industry Publication

June 25, 2022

Twice Breaks USA with JYP Entertainment. Music Press Asia
[Twice, signed to JYP Entertainment, gained a spot in Billboard Hot 100 two years ago.]
Deals

JYP Entertainment & Republic Records Expand Partnership

K-pop powerhouse JYP Entertainment has recently announced a strategic partnership with Republic Records to extend global reach of its label artists – Stray Kids and Itzy. Republic Records, a U.S. American record label owned by Universal Music Group, announced its expanded alliance with JYP that began in 2020 with K-pop girl group, Twice. Under the new partnership, the US music…

Tencent Music Under Investigation By China’s Regulators

Report – China’s antitrust regulator is currently investigating Tencent’s exclusive deals, according to a report in Bloomberg published on August 27, citing concern over its music-licensing practices and possibility of…

Music Press Asia: China's tech giant Tencent in talks with Vivendi to buy 10% stake of Universal Music Group whose artists include Marion Jola (pictured above), Ariana Grande and Lady Gaga.

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Global Music Streaming Revenue to Jump 500%+ by 2030

Streaming is about to bring lots of revenue to the global music business and rightsholders are about to see a huge return to their works. In the latest report from Goldman Sachs, it predicts that music streaming will reach $28 billion by 2030 – an increase of 16% on its previous forecasts for global revenues. In another optimistic review by…

UMG Executive Joins Midem Accelerator Committee

Midem, a leading international business event for the music ecosystem hosted in Cannes, France, from 6-9 June, has recently announced the joining of Universal Music Group South Asia Devraj Sanyal,…

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