Business

Examining the development of music streaming

Until the invention of audio recording devices, the music industry as it was involved live performance and the selling of sheet music for people to play their favorite pieces at home. The invention of recording and playback ...

Business

Universal Music worth $53 bn as shares soar on stock debut

Shares in Universal Music, the world's biggest major label with a lineup of megastars from The Beatles to Taylor Swift, surged on its stock market debut Tuesday, giving the company a valuation exceeding $50 billion.

Business

China's Tencent ordered to end exclusive music contracts

Internet giant Tencent was ordered by regulators to end exclusive contracts with music copyright holders, adding to increased enforcement of anti-monopoly and other rules as Beijing tightens control over booming online industries.

Business

BMG and KKR team up to purchase music rights

German music management group BGM announced a partnership with US investment company KKR Wednesday in a move to acquire streaming rights—a new potentially lucrative frontier for investors.

Business

Reddit snaps up TikTok rival Dubsmash

Reddit has acquired the Tik Tok-like app Dubsmash, both companies said Sunday, as big tech moves to carve out territory in the lucrative short-form video-sharing market.

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