Welcome to our blog post about Tencent Music Entertainment Group (TMG)! TMG is a China-based music streaming service that offers a wide range of music genres and entertainment content.In this post, we will provide an overview of TMG, analyze its NYSE performance, and discuss factors that are likely to affect its future growth.As a visitor, you'll get an insight into the company's history, evolution, and current standing in the music industry.Additionally, you'll discover how the company has performed in the NYSE and the variables that might influence its growth in the future. missile defence shield to better counter North Korea's evolving missile threats.īeijing had argued that THAAD's powerful radar could peer into its airspace and responded sharply by cutting trade and cultural imports from South Korea.NYSE TMETencent Music Entertainment Group Stock

Relations between the two countries took a hit in 2017 following South Korea's installation of a THAAD system, a U.S. Spearheaded by the likes of BTS and Blackpink, South Korea's pop music industry, known as K-pop, has enjoyed a rise in global popularity in recent years.īut the Chinese market has proven difficult to enter for South Korean entertainment companies due to Beijing's unofficial ban on South Korean content. Last week, Tencent Music announced a 'deep strategic cooperation' deal with HYBE on music copyright and artist promotion in its latest collaboration with major Korean major music labels. The Seoul Economic Daily reported earlier on Tuesday that the deal would see music from HYBE (352820.KS) artists become available on streaming platforms owned by Tencent Music Entertainment Group (1698.HK), including QQ Music, KuGou Music, KuWo Music, and WeSing. SEOUL, May 23 (Reuters) - South Korean entertainment company HYBE, home to K-pop superstars BTS, said on Tuesday it has signed a music distribution deal with China's Tencent Music.

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