Tencent Music Entertainment Group (NYSE:TME) Q4 2022 Earnings Call Transcript

Ross Liang: Yes. Can we just repeat for the partners, for many music labels and artists domestically and also internationally. We insist to put an IP right and we try our best and be able to drive a healthy development of the Chinese music industry. So currently, we provide the most comprehensive music library and also the best top-page of music content for users in China. I think that in the €“ continuing in the long-term relationship, we will continue to work with the music labels in content co-productions and also with our meeting technologies that can help us to do the promotions of the music in a better manner. Besides, we are also focusing on some of the live events as the Chinese market is now reopened, we are seeing that there is a lot of live event opportunity coming up.

So, for TME Live, that we are doing extremely good quality of music shows in last year. Most of them are online. But this year, we are going to have more offline events in partners with our music labels. And we are expecting that we can have more shows like the top artist concepts, music festivals and also some live house events as well. So, I think that we have demonstrated a really good long-term partnership with most of the music labels all over the world and we are the trustworthy and also the people that partner with them. So, we have expected to have more in-depth cooperation coming in the future.

Operator: Thank you. We are approaching the end of the conference call. I will now turn over the call to our host, Mr. Tony Yip for closing remarks.

Tony Yip: Thank you everyone for joining us today. If you do have further questions, please feel free to contact our IR team. This concludes today’s call. Thank you and talk to you next time.