$Tencent Music(TME.US) rose slightly, while $Disney(DIS.US) fell by two percentage points. Both are in the content and entertainment sector, yet they moved in opposite directions. $Tencent Music(TME.US) held up due to the sentiment around China concept stocks and the growth in online music paid subscriptions. $Disney(DIS.US), on the US stock side, saw a slight pullback following cautiousness in discretionary consumption. Pricing for streaming and content depends on one hand on the growth slope of subscriptions and payment rates, and on the other hand on the cycles of theme parks and film/TV. Today's divergence: is it because the fundamental rhythms of the two companies were already out of sync, or did the market assign completely different expectations to the online music and theme park cycles? It looks more like the former; subscription growth and theme park cycles were never on the same beat to begin with.