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Tencent Music (TME.US) Joins Series B Financing of Soundtrack Producer for 'Kpop Demon Hunters'
The Black Label, which produced the soundtrack for Netflix's hit animated film "Kpop Demon Hunters", completed a Series B financing round, with participation from Sou...
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Tencent Music (TME.US) Joins Series B Financing of Soundtrack Producer for 'Kpop Demon Hunters'
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The Black Label, which produced the soundtrack for Netflix's hit animated film "Kpop Demon Hunters", completed a Series B financing round, with participation from South Korean gaming company Krafton and TME-SW (01698.HK)  +0.280 (+0.801%)    Short selling $5.81M; Ratio 9.869%   (TME.US)      .

The company was valued at KRW1 trillion in this round. The funds raised will support its ambition to become a leading global entertainment company and achieve leapfrog growth.

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This investment marks another bet by TENCENT (00700.HK)  -4.600 (-1.048%)    Short selling $753.04M; Ratio 6.949%   on South Korean pop music. About a year ago, the company had poured approximately USD180 million in SM Entertainment, including initiatives to launch idol groups in China. TENCENT also holds a 4.3% stake in YG Entertainment and a 6% stake in South Korea's largest internet company, Kakao.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-27 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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