All in your new-look Digest!
| | Hello everyone,
So surely there is only one question we've been asking today: "Will Trump's war on Chinese companies threaten the companies for whom Tencent is an investor?" After all, the initial reports back from this story suggested that the US Govt had now extended it's war on Chinese tech companies beyond TikTok to include Tencent Holdings too. As regular readers will know, Tencent now owns a stake in... well... most music companies. Cherie Hu provided this diagram back in June which summed up just what a complex web of ownership the company is a part of, and that illustrates the problem.
Except... it would appear that Trump has broken with tradition and potentially be rather careful with his words here. As MBW explains below, it looks like in fact the music and gaming companies that Tencent holds a stake in may not now be covered by this new Executive Order. If that is the case, the likes of Spotify, Universal and Warner Music among others might now be breathing a sigh of relief.
Elsewhere, a good article worth digging into highlights how Twitch, Discord and Bandcamp are increasingly becoming fertile ground for hip hop artists looking to influence and connect with audiences out there. The community aspects of Bandcamp are starting to show their strengths, but equally I think the growth Discord as a kind of return to the forums of the turn of the century shows that certain communities are moving away from Facebook and other social platforms to something a little more focused. I'm all for that. Take a read below - inspiring stuff.
Have a great weekend,
D.
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| | STORIES FROM THE MUSIC INDUSTRY: |
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| | | STORIES FROM THE BROADER WORLD OF TECH:
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