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Tencent now controls 10% of Universal, 9% of Spotify… and nearly 2% of Warner Music Group

from Music Business Worldwide

Tencent now controls 10% of Universal, 9% of Spotify… and nearly 2% of Warner Music Group Music Business Worldwide Recently, MBW spotted via an SEC filing that Tencent Music Entertainment (TME) had acquired 4 million Class A shares in Warner Music Group in a transaction worth around $100 million. Those 4 million shares equated to 5.2% of outstanding Class A shares, and 0.8% of Warner Music Group as an entire company. READ MORE

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