The Warner Music Group logo is displayed outside the company's headquarters in the Arts District neighbourhood of Los Angeles, California, on June 3. The group’s shareholders raised $1.93 billion in an initial public offering that ranks as one of the biggest US listings this year. Photo: BloombergThe Warner Music Group logo is displayed outside the company's headquarters in the Arts District neighbourhood of Los Angeles, California, on June 3. The group’s shareholders raised $1.93 billion in an initial public offering that ranks as one of the biggest US listings this year. Photo: Bloomberg
The Warner Music Group logo is displayed outside the company's headquarters in the Arts District neighbourhood of Los Angeles, California, on June 3. The group’s shareholders raised $1.93 billion in an initial public offering that ranks as one of the biggest US listings this year. Photo: Bloomberg
Tech /  Big Tech

Tencent acquires stake in newly public Warner Music Group

  • At current prices, Tencent’s investment is worth more than US$246 million
  • The music industry is enjoying a long-running financial renaissance, thanks to the popularity of streaming services
Topic |   Tencent
Bloomberg
Bloomberg

Updated: 11:10am, 13 Jun, 2020

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The Warner Music Group logo is displayed outside the company's headquarters in the Arts District neighbourhood of Los Angeles, California, on June 3. The group’s shareholders raised $1.93 billion in an initial public offering that ranks as one of the biggest US listings this year. Photo: BloombergThe Warner Music Group logo is displayed outside the company's headquarters in the Arts District neighbourhood of Los Angeles, California, on June 3. The group’s shareholders raised $1.93 billion in an initial public offering that ranks as one of the biggest US listings this year. Photo: Bloomberg
The Warner Music Group logo is displayed outside the company's headquarters in the Arts District neighbourhood of Los Angeles, California, on June 3. The group’s shareholders raised $1.93 billion in an initial public offering that ranks as one of the biggest US listings this year. Photo: Bloomberg
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