Paris, January 19, 2017 – Andy Ng, Vice President, Tencent Music Entertainment Group, will deliver a keynote at Midem 2017 to outline strategy at China’s leading streaming platform and explain how to tap into the unlocked potential of the country’s 650-million-strong online user base.
This keynote will be part of the Midem Keynote Series during the world’s leading music industry trade event, held in Cannes, France, from 6-9 June 2017.
Following the creation of Tencent Music Entertainment Group, Ng’s keynote at Midem coincides with Tencent’s push to expand elsewhere into Asia, with the recent announcement that the Shenzhen-based company will this year extend its reach to other Southeast Asian territories and is also exploring a launch in India. Ng will give the Midem audience an insight into what lies in store for the music streaming service. He will also give his perspective on monetisation of the listening audience in this market, focusing on music legislation in China, developing trends in the digital music market, and how to cooperate with digital music platforms.
In just a few years, Tencent has built QQ Music into China’s largest music-streaming platform, and the only profitable one in that territory. QQ Music is a prime example of the rapid change happening in this huge market, and its success is due to its efforts to tackle rampant piracy in partnership with music labels, and it is a unique incentive-based pricing strategy. QQ’s listenership now includes some 10 million users who have signed up for its paid music services – around 55% of the total market in China.
Tencent uses technology to enrich the lives of Internet users. Every day, hundreds of millions of people communicate, share experiences, consume information and seek entertainment through its integrated platforms. Tencent’s diversified services include QQ, Weixin/WeChat for communications; Qzone for social networking; QQ Game Platform for online games; QQ.com and Tencent News for information; and Tencent Video for video content. Tencent was founded in Shenzhen in 1998 and went public on the Hong Kong Stock Exchange in 2004, and is one of the constituent stocks of the Hang Seng Index.
Andy Ng is responsible for all licensing and business related matters at Tencent Music Entertainment Group, which comprises three mainstream music services: QQ Music, Kugou Music and Kuwo Music. In addition, he also manages marketing and PR activities for QQ Music. As Vice President of the company, he has built up strong relationship with music labels, publishers and artists, and developed successful business models in different markets.
“Being the Vice President of Tencent Music Entertainment Group, I’m very honoured to attend Midem this year on behalf of the Chinese digital music industry. The Chinese domestic music market has made a great breakthrough in copyright protection and created many new business opportunities in recent years. I’m expecting more communication and cooperation with different music labels, publishers and artists across the world,” said Ng.
“We’re delighted to welcome Andy Ng as keynote speaker for Midem 2017. Midem is committed to providing its clients with access to companies and individuals who are shaping the future of the music industry. The insight Andy Ng brings on the Chinese music market will be invaluable for the audience of industry professionals at what is a key event for international streaming services and thought-leaders in the sector,” said Jérôme Delhaye, Director of Entertainment at Reed MIDEM, which organises Midem.
About Reed MIDEM – Founded in 1963, Reed MIDEM is an organiser of professional, international markets that are essential business platforms for key players in the sectors concerned. These sectors are MIPTV, MIPDOC, MIPCOM, MIP CANCUN and MIPJUNIOR for the television and digital content industries, MIDEM for music professionals, MIPIM, MIPIM Asia, MIPIM UK, and MIPIM Japan for the real estate industry and MAPIC, Retail Real Estate Market brought by MAPIC in Shanghai and MAPIC Italy for the retail real estate sector.
About Reed Exhibitions – Reed MIDEM is a division of Reed Exhibitions, the world’s leading event organiser, with over 500 events in 43 countries. In 2015 Reed brought together over seven million active professionals from around the world generating billions of dollars in business. Today Reed events are held throughout the Americas, Europe, the Middle East, Asia Pacific and Africa and organised by 41 fully-staffed offices. Reed Exhibitions serves 43 industry sectors with trade and consumer events. It is part of the RELX Group plc, a world-leading provider of information solutions and analytics for professional and business customers across industries. www.reedexpo.com