inews.co.uk2d
Greed, gaslighting and NDAs: How record labels get rich while artists suffer
Record sales were at an all-time high in 2024, and Spotify paid out $10bn in royalties - but most of that money is going to ...
Will the next wave of British music stars break through?
Slinky soul singer Olivia Dean and art-rock band The Last Dinner Party join the gathering convened by Universal Music Group boss Lucian Grainge of the label’s global chiefs, summoned to take a new ...
Digital Music News on MSN2d
Pershing Square Sells Roughly $1.5 Billion In UMG Shares Ahead of US Secondary Listing — But Ackman’s Still Very, Very Bullish
Bill Ackman’s Pershing Square has raked in roughly $1.5 billion in the sale of a 2.7% stake in Universal Music Group ahead of ...
Bill Ackman’s Pershing Square to Raise $1.4 Billion From Sale of 2.7% of Universal Music Group
Bill Ackman’s Pershing Square expects to raise $1.4 billion from the sale of a 2.7% stake in Universal Music Group, according ...
CelebrityAccess4d
Spotify Loud & Clear: $10B, Global Fandom & A Year of Change
Spotify’s new Loud & Clear transparency report shows payments to the music industry of $10 billion in 2024, half of which ...
Music Business Worldwide4d
Universal spent $1bn+ on investments in 2024… and 5 other things we learned on UMG’s latest earnings call
Universal Music Group published its Q4 and FY 2024 results on Thursday (March 6), posting overall revenues in FY 2024 (across recorded music, publishing, and more) of EUR €11.83 ...
UMG Is ‘In Conversations’ With Multiple Streamers on Super-Premium Tiers. That’s Good News for Everybody
UMG and music streaming services are discussing superfan plans. That's good news for the industry, including artists, DSPs ...
Complete Music Update9d
Universal will spend billions to dominate emerging markets, says Grainge during Q4 earnings call as major sets out its “eat the world” strategies
On yesterday’s Universal Music earnings call CEO Lucian Grainge revealed plans to spend billions on global acquisitions, targeting emerging markets where “massive piracy” previously prevented ...
Complete Music Update9d
Indie label groups slam Universal as Amazon deal and yet another acquisition raise more red flags
Indie label trade groups have again aired their concerns about Universal Music’s market dominance in the wake of yet another acquisition by the major. They add that Universal uses that dominance to fo ...
Universal Music CEO Touts Streaming 2.0 Deals With Spotify, Amazon: “Where They Go, We Go With Them”
Lucian Grainge and other UMG execs discussed with analysts where future revenue growth would come from as the music giant releases fourth quarter results.
Universal Music Posts Solid 2024 Results, Doubles Down on ‘Superfans’ and ‘Streaming 2.0’
Universal Music Group posted strong results from 2024 in earnings announced Thursday, with a 6.5% rise in revenue over 2023 ...