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Tencent Music Entertainment Group Releases Golden Melodies Research Report that Explores the Music Industry’s Long-Term Value and Potential

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HONG KONG, Nov. 15, 2022 /PRNewswire/ — Tencent Music Leisure Group (“TME,” or the “Firm”) (NYSE: TME and HKEX: 1698), the main on-line music and audio leisure platform in China, printed a Golden Melodies Analysis Report right this moment. Developed by TME Analysis Institute, it’s the first report within the music business to comprehensively describe the standards and creation patterns of golden melodies.

The report carried out analysis on golden melodies from the previous 5 years by way of six chapters. The chapters included definitions of golden melodies, playlists, developments, values, creation and consensus of this explicit musical hits. Based mostly on information evaluation {and professional} interviews, the report captures the musical developments behind the modifications in golden melodies and analyzes industrial experiences and challenges, which give in-depth and beneficial observations to advertise the sustainable improvement of the business.

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The ever-changing music business has posed challenges in creating golden melodies by referring to previous profitable singles. As well as, the business lacks a primary consensus in defining a golden melody. Because the media and the general public have began to reevaluate fashionable music and pursue extra high-quality musical works, TME reinitiated these necessary conversations by releasing the report at a vital time that goals to hunt solutions with its business companions.

On the definition of golden melodies, the report attracts the conclusion {that a} golden melody is a tune of each top quality and long-lasting recognition. This comes after TME Analysis Institute’s in-depth discussions with plenty of music professionals. With this customary, and primarily based on the earlier efficiency information of singles and professional analysis, TME Analysis Institute recognized a playlist of 118 golden melodies within the report.

As well as, the Golden Melodies Analysis Report supplies insights into the event and worth of golden melodies. The report exhibits that golden melodies don’t simply derive from mainstream musical artists anymore, however they’re additionally coming from different segments, corresponding to indie and IP music.

The report additionally mentions that golden melodies stay valued industrial properties and strengthen social values. In the long run, golden melodies can constantly generate revenue for artists, in addition to present extra alternatives to them. Furthermore, golden melodies symbolize the embodiment of the principle developments within the music business, guiding the route of content material creation and social expression. On this approach, selling golden melody creation is extra than simply advancing the music business, it additionally represents how the music business responds to the world socially and culturally.

By way of the creation sample of golden melodies, TME Analysis Institute supplies options within the report. First, because the golden melody sample is being developed, the creation has been more and more distinct amongst completely different segmentations of mainstream music, indie music and IP music, and it requires completely different approaches to create golden melodies of every sort of music. But all musicians are going through obstacles in creating hit titles, together with increased prices generally. Second, creating golden melodies requires the business’s consensus on long-term worth and multi-dimensional basic building, together with the skilled creation system and wholesome platform mechanism, in addition to elevating public consciousness on high-quality music appreciation.

TME leverages the analysis on golden melodies to ship insights into the music business’s improvement, aiming to assist artists and music professionals in music creation, promotion and distribution of high-quality music content material. TME will proceed to contribute to the long-term development and prosperity of the music business by executing its twin engine content-and-platform technique by way of musician help, business evaluation and different necessary practices.

About Tencent Music Leisure

Tencent Music Leisure Group (NYSE: TME and HKEX: 1698) is the main on-line music and audio leisure platform in China, working the nation’s extremely in style and progressive music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. TME’s mission is to make use of expertise to raise the function of music in individuals’s lives by enabling them to create, take pleasure in, share and work together with music. TME’s platform includes on-line music, on-line audio, on-line karaoke, music-centric dwell streaming and on-line live performance providers, enabling music followers to find, pay attention, sing, watch, carry out and socialize round music. For extra data, please go to ir.tencentmusic.com.

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SOURCE Tencent Music Leisure Group


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