On August 11, Tencent Music and Global Music Group jointly announced that based on a long-term deepening close partnership, the two sides renewed several years of copyright licensing strategic cooperation agreement.In addition, the scope of authorization includes scenes such as national karaoke and online music live broadcast platform.
meanwhile,Netease cloud music and Universal Music jointly announced that they had reached a new strategic cooperation for several years In this framework, NetEase Cloud Music will be licensed by Universal Music's music library and extended to community products
Universal Music Group is the world's largest record group in the 20th century, with music content of Taylor Swift, Justin Bieber, Katy Perry, Zhang Xueyou, Eason Chan, Stefanie Sun, Huimei Zhang, Qingfeng Wu, Lijun Deng, Guorong Zhang, Fei Wang, beyond and others.
According to the unaudited results of the second quarter of fiscal year 2020, its total revenue in the second quarter was 6.93 billion yuan,At present, Tencent music online music business has 651 million mobile monthly live users and 47.1 million paid usersWith a year-on-year increase of 51.9%, the average monthly income per paid user is 9.3 yuan.
The number of Netease cloud music library exceeds 30 million, and the number of users exceeds 800 millionIt should be noted that this 800 million is the number of registered users. Netease cloud music has not published the monthly number of active users and paid users.