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
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

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

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
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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