DAILY BRIEF: Jul 17, 2023

1
Wanda Unit Sells $300 Million Stake in Its Chinese Cinema Chain
Wanda Investment, a subsidiary of the privately-owned Chinese property giant Dalian Wanda, has sold an 8.3% stake in Wanda Film Holding for RMB2.2 billion ($306 million). Variety
2
Tencent Music Entertainment Group Announces Senior Management Change
Tencent Music Entertainment Group today announced that Mr. Cheuk Tung Tony Yip has tendered his resignation as the Company's Chief Strategy Officer and in his other relevant roles for personal reasons, effective August 31, 2023. PR Newswire
3
NetEase Cloud Music and RYCE Entertainment Form Strategic Partnership
Cloud Music Inc. today announced that it has entered into a strategic partnership agreement (the "Agreement") with RYCE Entertainment to further expand the Company's sweeping music content library. PR Newswire