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Introduction

This research note contains the second roundup of music statistics and music company financials for November 2019.

Highlights

  • Revenue for music subscription service Napster has fallen steadily over the last three years or so.
  • Chinese music giant Tencent Music Entertainment has published financial and operating results for the third quarter of this year. According to the company, total revenue in the three months increased 31% YoY, to CNY6.507bn ($927.6m), from CNY4.969bn in the prior-year period.

Features and Benefits

  • Details the music statistics and company financial results published in the last couple of weeks.
  • Covers Napster, Avex Group, Tencent Music, and Time For Fun financials, as well as figures on US audio listening.

Key questions answered

  • How many online music subscribers did Tencent Music Entertainment end September with?
  • How did Napster's revenue compare in the third quarter of this year with the prior-year period?

Table of contents

Napster, Avex Group, Tencent Music, and Time For Fun financials; US audio listening

  • Steady fall in revenue for Napster
  • Few positives for Avex in latest results
  • Acceleration in take-up of Tencent Music's streaming services
  • Tough third quarter for Time For Fun
  • Spoken word makes listening gains at music's expense in US

Appendix

  • Author

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