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...This is the first time in the streaming era that Universal has gone as far as removing its music from a tech company’s platform....
...“If the opportunity arose to significantly grow BMG by joining forces with another music company, we would consider it.”...
...Apple last month told music companies that it would pay up to 10 per cent more in royalties for songs produced in spatial audio....
...Majority owned by Moross the company also provides music for spas and hotels around the world....
...An unwinding of the deal that created the company no longer looks far-fetched....
...The latest estimate of the value of its music rights has given the company an NAV per share of 92p....
...A bidding war has emerged for French digital music company Believe after Warner Music Group said it planned to make an offer to buy the company for at least 17 euros a share, more than a recent proposal...
...Hipgnosis Songs Fund, the listed UK music rights investment company, has agreed to a $1.4bn takeover from US rival Concord Chorus....
...Over the past year, global music companies have been sending executives to Nashville, the centre of country music since the 1920s, where they are splashing out money on promising talent....
...But almost in the same breath, he warns tech companies off the use of AI to create music based on existing artists and their music, highlighting the delicate dance that the music industry is facing in dealing...
...Warner Music, the third-largest record company, last year announced it had struck a new deal with TikTok....
...The most prominent project Burnett has been working on is Ionic Originals, sonically pristine, one-of-a-kind, physical recordings, through his company NeoFidelity....
...Other music companies have also been cutting jobs — notably Spotify, the streaming service that fired more than 2,000 workers last year....
...And as a company that controls a third of all the world’s music, it might also be wary of raising antitrust concerns....
...There are fewer large influential owners, including families or founders, who wield influence over the company....
...In 2012, his company Vince Power Music Group went into liquidation, reportedly losing him £9mn of his own money. As ever, he clambered back on to his feet....
...Universal Music is the largest record company, controlling about a third of the world’s music....
...Digital music sales at Universal Music Group also slowed last year to 4.5 per cent, according to Visible Alpha, but from a much larger base....
...The company, which runs popular chains such as Pryzm and Atik, said business had slowed since early 2023 and in particular during the week, when students tend to drive footfall....
...TikTok has failed in its attempts to restart negotiations with Universal Music, according to people familiar with the matter, leaving two of the most powerful companies in entertainment deadlocked over money...
...… When it comes to influencing our drinks choices, what we see in films and hear in music are important parameters Let’s . . . accept that, and also accept with inhibitions the premise that rap music is...
...But watching tech companies swallow the music industry has given them a valuable perspective....
...Kiss, the flamboyant US rock band, has sold the rights to its music as well as its name, image and likeness to Pophouse, the Swedish entertainment company founded by Abba’s Björn Ulvaeus....
...At university in Albuquerque, he studied music composition....
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