music industry News

Tencent Music Soars: Q2 Revenue Jumps 18% to $1.2B Amid Subscription Boom

Tencent Music Entertainment Group announced an 18% revenue increase to $1.2 billion in Q2 2025, driven by subscription growth and diversified monetization. Net income rose by 43.2%...

ElevenLabs Expands into AI-Generated Music with Eleven Music Service Launch

ElevenLabs, known for AI voice generation, launches Eleven Music, a service for creating custom AI-generated music, with partnerships for ethical AI training and safeguards against...

Warner Music Group Faces a 1% Revenue Dip in Q2 2025, Yet Shows Operational Strength

Warner Music Group reports a 1% revenue drop to $1.5 billion in Q2 2025, with net income falling 63% to $36 million. Despite these challenges, operating income rose by 41%. CEO Rob...