RUMOR MILL
Tuesday, March 22, 2022
TENCENT PROFITS SPIKE
Chinese music-streaming behemoth Tencent saw a 7.2% spike in revenue in 2021, raking in $4.9b. Net profit was up 30% to $505m.
Growth was driven by a 36% increase in music subscriptions, which added 20.2m users in 2021. Among its four apps, Tencent has 615m monthly active users.
Online-music-service revenue hit $1.8b, up 22.7% from 2020.
The company, which trades on the NYSE, is eyeing a secondary listing on the Hong Kong Stock Exchange.
THE MUSIC OF CLIVE COMES ALIVE AT CARNEGIE HALL
That's what friends are for. (5/1a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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JAMES KING: THE HITS INTERVIEW (PART ONE)rumor mail
