5月16日，作为环球音乐集团的分支机构，环球音乐大中华区在粤港澳大湾区的全新公司——环球音乐粤港澳大湾区公司，昨日盛大启幕，正式落户深圳 市福田区中洲湾，并举办隆重的开业庆典，正式开启一段音乐与城市的崭新旅程。香港摇滚乐队Supper Moment也出席典礼并在活动现场惊喜宣布已经正 式签约环球音乐。未来，环球音乐将与乐队共同携手，将他们的音乐推广到更远的地方。 环球音乐一众管理层包括环球音乐集团市场发展执行副总裁亚当格兰奈特、环球音乐集团大中华区主席暨首席执行官徐毅、环球音乐集团大中华区首席财 务官王恺、环球音乐集团大中华区首席运营官许雯静、环球音乐香港董事总经理暨环球音乐大中华区高级副总裁陈志光，以及环球音乐艺术家与合作伙伴 齐聚一堂，共庆环球音乐粤港澳大湾区公司开业。 开业典礼上还惊喜宣布香港摇滚乐队Supper Moment已签约环球音乐，正式加入环球音乐星光熠熠的大家庭。从街角唱到红馆，从《最后晚餐》到《橙 海》，他们用二十年时光为大家带来充满感染力的现场演出与正能量，不仅风靡粤语地区，更屡获大奖肯定。明年他们即将迈入二十年周年，接下来环球 音乐将和他们一起把香港摇滚的声浪推向更多不一样的地方。 从 ...

Group 1 - LiveOne's subsidiary Splitmind has contributed to significant music production, including SZA's "SOS" album, which has sold over 6 million units and achieved over 100 million streams on Billboard-topping singles, generating substantial recurring revenues [1] - The production efforts of Splitmind have also led to a combined total of 15 nominations for SZA and GloRilla at the BET and AMA awards [1] - LiveOne is a creator-first platform focused on delivering premium music and entertainment experiences globally through various subsidiaries and services [2] Group 2 - LiveOne operates multiple subsidiaries, including Slacker, PodcastOne, and Splitmind, and is accessible on various platforms such as iOS, Android, Roku, and Spotify [2] - The company emphasizes its commitment to enhancing user experiences through memberships and live and virtual events [2]

Core Points - Warner Music Group Corp. declared a quarterly cash dividend of $0.18 per share on its Class A and Class B Common Stock, payable on June 3, 2025, to stockholders of record as of May 27, 2025 [1] Company Overview - Warner Music Group has a legacy of over 200 years and is home to a diverse array of artists, songwriters, and companies that influence global culture [2] - The Recorded Music division includes iconic companies such as Atlantic, Elektra, Parlophone, and Warner Records, along with several renowned labels [2] - Warner Chappell Music, a leading music publisher, has a catalog of over one million copyrights across various musical genres [2]

Equity Research China Technology 13 May 2025 Tencent Music Entertainment Group Solid Results, Growth Formula Continues to Shift to ARPPU Fueled By SVIP Modestly raising our FY25 estimates on solid results, but drivers shift more towards ARPPU; Reiterate OW and PT of $16. Overall, TME delivered a pretty decent quarter with small beat in revenue and ARPU vs. BARC and Bloomberg consensus, but missed on the paying user net add number. There is no way around it, paying user growth was soft this quarter, +1.9mn v ...

"你可能不认识我，但你一定听过我的歌"。 有没有一首歌，你能跟着旋律哼唱每一句歌词，却始终叫不出演唱者的名字？最近一打开抖音就被这一系列视频刷屏。 @程响Echo 清澈嗓音里的《世界这么大还是遇见你》、 @阿YueYue - 黄月 婉转唱腔中的《云与海》、@要不要买菜-徐泽 用《下山》唱出的江湖豪 情…… 这些曾单曲循环却叫不出演唱者的歌曲，在 "你可能不认识我，但你一定听过我的歌"系列视频中集体 "掀桌"。当600万点赞的清唱视频刷屏，当26亿播放 量的话题持续霸榜，这场席卷全网的音乐风暴，掀起了全民的回忆杀。 图片源自抖音精选 那些藏在旋律背后的音乐创作者，如何借短视频从幕后走到台前？这场现象级传播的背后又怎样重塑音乐产业的未来图景？ 当陌生面孔遇上熟悉旋律，幕后音乐人身份大揭秘 在"你可能不认识，但你一定听过我的歌"系列视频中，一批音乐创作者正在集体现身。 在这些视频的开场中，往往是一张陌生面孔占据屏幕，搭配 "你可能不认识我，但你一定听过我的歌" 这句略带 "挑衅" 的话语。这种反差一下就抓住了观 众的注意力，心里对"我倒要看看我听过没"的好奇，也让很多网友不自觉的为视频停留。 比如，抖音音乐人@程响 ...

Financial Data and Key Metrics Changes - Total assets increased by 19% from $178,417,515 as of December 31, 2024, to $212,882,187 as of March 31, 2025 [23] - Property and equipment rose by 33% to $182,906,195 as of March 31, 2025, up from $137,215,936 at the end of 2024 [24] - Fractional ownership sales reached $38,700,000 for the first quarter, significantly contributing to the balance sheet [24] Business Line Data and Key Metrics Changes - The company reported a modest decline in top-line sales year-over-year, attributed to a shift in daypart at Noat's Eatery and softer performance at Bourbon Brothers and Fill Along Event Center [20] - The launch of structured financing for Luxe Fire Suites has led to a 32% increase in sales [15][48] Market Data and Key Metrics Changes - The company is expanding its market presence through public-private partnerships, with a goal of adding between $100 million to $300 million to the balance sheet with each development agreement [30] - A new property acquisition in El Paso, Texas, includes a $31,500,000 performance-based incentive package from the city [13] Company Strategy and Development Direction - Venue Holding Corporation aims to build world-class live music and hospitality destinations, focusing on fan experiences [6] - The company has launched a partnership with Ryan to accelerate national expansion, targeting two new public-private partnerships per quarter [12] - The introduction of structured financing for fractional ownership is expected to enhance sales and market reach [15][48] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's growth trajectory, with expectations of operational profitability by 2026 [12] - The focus remains on enhancing guest experiences and operational efficiency across all venues [22] Other Important Information - The company has made strategic additions to its leadership team, including a new financial leader and strategic growth adviser [18] - The expansion plan includes the opening of nine operating entities in 2025, with projections to reach 16 by 2026 [14] Q&A Session Summary Question: Inquiry about the Ryan and Company partnership and its impact on projections - Management indicated that the partnership with Ryan is significantly accelerating expansion, potentially adding 200% to original projections for new venues [30] Question: Inquiry about new offerings at Ford Amphitheater - Management highlighted ongoing expansion plans and the introduction of new dining experiences and enhanced fan engagement strategies [41] Question: Inquiry about the performance of fire pit suites and financing - Management confirmed that the financing model has increased sales by 32% and is expanding into new markets for investor participation [48] Question: Inquiry about the partnership with Sands Investment Group - Management explained that the partnership aims to broaden the market for fire pit suite ownership, leveraging Sands' platform for greater reach [56]

Financial Data and Key Metrics Changes - Total assets increased by 19% from $178,417,515 as of December 31, 2024, to $212,882,187 as of March 31, 2025 [20] - Property and equipment rose by 33% to $182,906,190 as of March 31, 2025, up from $137,215,936 at the end of 2024 [21] - Fractional ownership sales reached $38,700,000 for the first quarter, significantly contributing to the balance sheet [21] Business Line Data and Key Metrics Changes - The company reported a modest decline in top-line sales year-over-year, attributed to a shift in daypart at Noat's Eatery and softer performance at Bourbon Brothers and Fill Along Event Center [17] - The launch of structured financing for Luxe Fire Suites has led to a 32% increase in sales [13][37] Market Data and Key Metrics Changes - The company is expanding its market presence through public-private partnerships, with a goal of adding between $100 million to $300 million to the balance sheet with each development agreement [26] - A new property acquisition in El Paso, Texas, includes a $31,500,000 performance-based incentive package from the city [11] Company Strategy and Development Direction - The company aims to build world-class live music and hospitality destinations, focusing on fan experiences and public-private partnerships [5][6] - A partnership with Ryan & Company is expected to accelerate expansion, with a target of two new public-private partnerships per quarter [10][26] - The company plans to have nine open and operating entities by the end of 2025, increasing to 16 by 2026 [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving operational profitability by 2026, driven by development profits and operational efficiencies [10] - The focus remains on enhancing guest experiences and unlocking value from current operations through smarter strategies [19] Other Important Information - The company has made strategic additions to its leadership team, including a new financial leader and strategic growth adviser [15] - The introduction of structured payment plans for fractional ownership has broadened access for buyers [13] Q&A Session Summary Question: Impact of Ryan and Company partnership on expansion - Management indicated that the partnership will dramatically accelerate expansion, potentially adding 200% more amphitheaters and music halls than originally projected [26][28] Question: New offerings at Ford Amphitheater - Management highlighted plans for new development agreements and enhanced fan experiences, including new dining options and event packages [32] Question: Performance of fire pit suites and financing model - The financing model has increased sales by 32%, and the company is expanding its market reach for fire pit suites [37] Question: Partnership with Sands Investment Group - This partnership aims to expand the market for fire pit suite ownership, allowing investors across the U.S. to participate [41]

NetEase 1Q25 Investor Presentation Investor Relations May 15, 2025 SAFE HARBOR STATEMENT This announcement contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar expressions. In addition, statements that are not historical ...

机构：中银国际 研究员：Raphael CHEN 9% YoY topline and RMB2.1bn (up 25% YoY) adj. net profit in 1Q25 exceeds consensus by 1% and 3% respectively. 16% YoY core music revenue meets streets' expectation. We deem Co. has strong financial visibility along the road on solid music growth trajectory driven by ARPPU-prioritised subs and diversified non-subs monetisation channels given its enriched contents, expanded privileges and solidified operational expertise. Along with its committed shareholder return executions, healthy ...

Group 1 - Tencent Music Entertainment Group has announced a strategic cooperation with Zhejiang Satellite TV to integrate resources in music copyright, content co-creation, and support for quality musicians [1][3] - The cooperation will involve comprehensive collaboration on music copyrights for several popular music variety shows, including "The Sound of Heaven," "You Sing," and "Shining Summer," with music works being made available on Tencent Music's platforms [3][4] - Tencent Music will provide efficient copyright solutions for Zhejiang Satellite TV's variety shows and explore content co-creation opportunities, including joint creation of theme songs and promotional tracks [3][4] Group 2 - Tencent Music's Vice President stated that music variety shows are a crucial part of their content ecosystem and serve as an important platform for quality musicians and songs [4] - The partnership aims to establish a benchmark for mutual support between music and variety shows through copyright collaboration, content co-creation, and musician support [4]