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...The company was badly affected by the global pandemic when live music and entertainment events were largely shut down....
...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....
...The company said it expected adjusted earnings per share to be 98 cents, up from previous expectations of 93 cents but below analysts’ expectations of $1....
...Luminate is an independent music data analytics company and is no longer owned by Nielsen Music as incorrectly stated in an article on April 23....
...The modern classical maestro plays piano amid a dense press of percussion and carnival whistles. Jlin’s hectic beats are placed as precisely as dots in a pointillist painting....
...Between 2020 and 2022, the three companies collectively lost $50bn as bookings plunged and trips were cancelled. But the industry currently has several things going in its favour....
...An unwinding of the deal that created the company no longer looks far-fetched....
...To put things in perspective, according to Luminate, Taylor Swift represented 1.8% of US music consumption in 2023 A key consideration when valuing music rights (as discussed often in these pixels) is the...
...Universal Music, which distributes Swift’s music and receives a percentage of her album sales, reported €1.3bn in net income on €11.1bn in revenue last year....
...The company’s third-quarter update revealed positive news on the demand front....
...This full-house gig was billed as the launch of his trio album Carnival Celestial, a sparse weave of electronica, pointilliste piano and empathetic bass and drum support....
...Carnival: Carnival Cruise Line will report earnings before the bell and is expected to report an increase in revenue on strong bookings....
...Majority owned by Moross the company also provides music for spas and hotels around the world....
...Put differently, the company just sold a fifth of itself at a cut rate price. One must marvel that so many investors had interest in such a high risk punt....
...But social media companies, where scams most often start, should also do more to prevent fraud....
...The latest estimate of the value of its music rights has given the company an NAV per share of 92p....
...But “Caminante” sees her marching into the jungle, resisting the mining companies’ despoliations....
...Sing-song melodies and abrasive basslines make for an effective juxtaposition (highlight: “Carnival”). Ty Dolla $ign’s sleepy, husky voice leads the melodies. But he doesn’t utter much of worth....
...Hipgnosis Songs Fund, the listed UK music rights investment company, has agreed to a $1.4bn takeover from US rival Concord Chorus....
...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...
...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...
...The most prominent project Burnett has been working on is Ionic Originals, sonically pristine, one-of-a-kind, physical recordings, through his company NeoFidelity....
...Warner Music, the third-largest record company, last year announced it had struck a new deal with TikTok....
...Some houses like theirs are rented out for up to £15,000 a week by US film production companies for crew and actors....
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