Tencent Music will probe the Global IPO Market
Tencent Music’s public offering will serve to probe the global OPV markets. China’s response to Spotify could continue with an IPO of 2 billion dollars in New York in December, according to several media articles citing sources close to the agreement.
It is a bad time of the year to sell new shares and Tencent has already rectified its plans once. Moderate treatment will confirm fears that the window for important departures is closing quickly.
The liquidation of shares worldwide has already affected the Tencent plan to get rid of its streaming branch, which is the majority owner, and which in turn is the owner of the QQ Music application. In May, the titan of games and social networks, 312,000 million euros, expected to rise up to 3,500 million euros in an agreement that would have valued Tencent Music Entertainment Group in 25,000 million dollars; they said sources close to the publication International Financial Review, by Refinitiv. The Chinese company delayed its plan to go public in October after reducing the size of the offer by half.
Tencent Music will struggle to reach Spotify’s high notes
Tencent Music investors relations will struggle to reach the top notes of Spotify. The titan of social networks and games in China is going to market its streaming music branch with a valuation of up to 24,500 million dollars (21,500 million euros). Sales go up, and the unit has a new and profitable business model. However, the company’s great premium over Spotify is hard to justify.
The most important music application in China originally planned to raise at least 2 billion dollars (1,800 million euros) in October, according to nearby sources. But the fall of the market worldwide, aggravated by the commercial tensions between the United States and China, caused the Tencent Music’s IPO to be delayed.
The reasons for the alliance between Tencent and Spotify in music streaming
Spotify, the world’s first streaming platform, and the music division of Chinese media giant Tencent, announced a mutual minority stake. For both platforms, these investments, the amount of which has not been disclosed, should allow them to strengthen their catalog and their ability to negotiate licenses with the music production companies. What reassure investors for possible IPOs next year for both companies?
Spotify dominates the Western market, with 140 million active users, including 60 million subscribers paying $ 10 a month minimum. Tencent, through its three platforms – KuGou, QQ Music, and KuWo – has nearly 700 million monthly users, but only 15 million of them pay for its services. However, Spotify is not present in China and Tencent Music investor relations financial results is only at the beginning of the monetization of its subscribers.
Rich content for subscribers
The example of video games shows that it becomes possible to pay small sums to Chinese consumers for better services. Tencent, at the head of the two major Chinese social networks – QQ Music and WeChat (which is close to one billion users) – is a master in this art, also showing success in online video as in reading line. This is what drives investors to buy shares of the Chinese company, whose value is close to $ 500 billion ($ 424 billion).
In music streaming, Tencent is in a particularly favorable position: its three platforms are the first three in the market. KuGou (“cool dog”), the first on the market, owes its success to China’s small towns and countryside, with very popular songs that make singing in karaoke and dancing in public squares. QQ Music is more classic. KuWo is also a hit in karaoke and stands out on the live streaming of music videos.
Donavon Warren’s Upcoming Vampire Apocalypse Movie is going to be HUGE
Loaded Dice Films and SEO services company Loaded Media owner Donavon Warren is gearing up for his upcoming action-scifi movie, Vampire Apocalypse. The movie has entered pre-production and is set to start production in the coming months. Directed by and starring Donavon Warren himself, the film follows a group of survivors on their mission to save the human race from its post-apocalyptic fate.
The Plot of Vampire Apocalypse
The plot of the movie follows a small group of survivors in a post-apocalyptic world. They must go to the mainland to perform an operation on a little girl, who is humanity’s last hope for survival. This operation can only be performed on the mainland of a vampire infested world. As they make their way across dangerous terrain and fight off hordes of vampires, they will come face-to-face with the ultimate evil that threatens to consume all of mankind.
Donavon Warren’s Previous Works
Donavon Warren’s previous works have received critical acclaim. His most recent film Wheels currently holds an 8.1 rating on IMDB and was praised by critics as “gripping” and “visually stunning”. With Donavon at the helm for Vampire Apocalypse, fans are sure to be in for another wild ride with this new movie.
Vampire Apocalypse looks like it could be Donavon Warren’s next big hit! With his past success as both director and actor for Wheels, it’s no surprise that fans are excited about what he’ll bring to this project. We can’t wait to see what this thrilling story has in store when it hits theaters or streaming services later this year! Moviegoers should definitely keep an eye out for more news about this highly anticipated Loaded Dice Films production!
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