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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....
...Apple last month told music companies that it would pay up to 10 per cent more in royalties for songs produced in spatial audio....
...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....
...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....
...The company’s third-quarter update revealed positive news on the demand front....
...Some houses like theirs are rented out for up to £15,000 a week by US film production companies for crew and actors....
...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....
...The latest estimate of the value of its music rights has given the company an NAV per share of 92p....
...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....
...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....
...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....
...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...
...Warner Music, the third-largest record company, last year announced it had struck a new deal with TikTok....
...Carnival, the world’s biggest cruise company, has been ordered by an Australian judge to cover the medical expenses of a passenger who contracted Covid-19 aboard one of its ships to compensate for its “negligent...
...Other music companies have also been cutting jobs — notably Spotify, the streaming service that fired more than 2,000 workers last year....
...There are fewer large influential owners, including families or founders, who wield influence over the company....
...And as a company that controls a third of all the world’s music, it might also be wary of raising antitrust concerns....
...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....
...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....
...The commission began its investigation into Apple in 2019 after music streaming app Spotify launched a complaint accusing the company of anti-competitive behaviour....
...At university in Albuquerque, he studied music composition....
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