Entertainment News Roundup: China's Tencent Music beats revenue estimates on paid subscriber growth; K-Pop's Hybe, behind BTS, acquires Latin music label

Tencent Music, which includes platforms such as QQ Music, Kugou Music, Kuwo Music and WeSing, has won listeners over by bundling everything from karaoke platforms to live concert streaming services. K-Pop's Hybe, behind BTS, acquires Latin music label South Korea's largest music label Hybe Co, behind K-Pop supergroup BTS, said on Monday it acquired the music label of Spanish-language media company Exile Content in its first major foray into the Latin music market.

Following is a summary of current entertainment news briefs.

China's Tencent Music beats revenue estimates on paid subscriber growth

China's Tencent Music Entertainment beat estimates for third-quarter revenue on Tuesday, helped by steady growth in paid subscriptions on its music streaming platform. Tencent Music, which includes platforms such as QQ Music, Kugou Music, Kuwo Music and WeSing, has won listeners over by bundling everything from karaoke platforms to live concert streaming services.

K-Pop's Hybe, behind BTS, acquires Latin music label

South Korea's largest music label Hybe Co, behind K-Pop supergroup BTS, said on Monday it acquired the music label of Spanish-language media company Exile Content in its first major foray into the Latin music market. Hybe said it acquired Exile Music, is setting up a Latin America unit for artist management and talent discovery, and considering incorporating the K-pop business methodology typified by lengthy, competitive artist training and development to the Latin genre in the long-term.