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

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
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
READ FULL ARTICLE