The rumor that Tencent's QQ Music acquired Kugou and Kuwo Music finally settled-20 16 July16, Tencent and China Music Corporation (hereinafter referred to as "CMC") confirmed to Southern Reporter that they had merged their digital music businesses to form a new music group. In other words, QQ Music, Cool Dog Music and Cool Me Music became one overnight, but the brand will still operate independently in the future.
Although it is not a rumored acquisition, Tencent has become a major shareholder of Xinleshi Group by replacing its equity with assets. However, both sides refused to further disclose the shareholding ratio of Tencent. Earlier, it was reported that the valuation of China Music Group in this round of transactions was as high as 654.38+0 billion yuan.
"It is conservatively estimated that the market share of the new music group will exceed 70% after the merger," Xue Yongfeng, director of Internet Entertainment of Analysys, pointed out to the Du Nan reporter that the digital music market has become a leading trend of Tencent, and with the development of domestic digital music legalization, consumers will need to pay more and more songs in the future.
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Cool dog music is one of the most popular music players in China. Cool dog mainly provides online file interactive transmission service and internet communication, adopts advanced architecture design and research, and has the function of network file interaction.
As the leading music search and download platform in China, Cool Dog is the first audio playback software that provides online audition function in China. The official version of Cool Dog 20 12 is called the feast of online music, which reflects its strength and position in the field of online music playback. Kugou has established good cooperative relations with many domestic and foreign famous brand enterprises and institutions, such as Yahoo, Sina, ebay, BenQ, Rolling Stone, R2G, etc. , provides a huge online music library, bringing together tens of thousands of online music.
Baidu encyclopedia-cool dog