NYSE:TMEEntertainment
Tencent Music’s ONECEAD Venture Links Artist Growth With Valuation Upside
Tencent Music Entertainment Group (NYSE:TME) has formed a new joint venture called ONECEAD with CJ ENM and JYP China.
The partnership focuses on developing, launching and managing next generation artists for global audiences.
ONECEAD is intended to combine music production, artist management and content distribution capabilities across China, Korea and international markets.
For investors watching NYSE:TME, this move comes with the stock at $16.4 and a 1 year return of 38.2%. Over 3 years,...