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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....
...“If the opportunity arose to significantly grow BMG by joining forces with another music company, we would consider it.”...
...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....
...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...
...The company on Wednesday reported a $355mn net loss in the first quarter....
...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....
...But social media companies, where scams most often start, should also do more to prevent fraud....
...It opens the door to friendship, romance and community. To the swagger, sexiness and exhilaration of the group dance; the intimacy of touching a stranger in the partner dance....
...Majority owned by Moross the company also provides music for spas and hotels around the world....
...It’s a tension that came to the fore in Last Days, where Leith did his best to “slash” preconceptions about what a hero should do: in his hands banalities such as answering the door, putting the bins out...
...The latest estimate of the value of its music rights has given the company an NAV per share of 92p....
...An unwinding of the deal that created the company no longer looks far-fetched....
...The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com...
...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...
...At university in Albuquerque, he studied music composition....
...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...
...These songs turn jungle and drum and bass into pop music. It’s not a novel move: the crossover has been fuelled by the abbreviated culture of TikTok with its sped-up songs....
...The most prominent project Burnett has been working on is Ionic Originals, sonically pristine, one-of-a-kind, physical recordings, through his company NeoFidelity....
...Blackstone has won the backing of Hipgnosis Songs Fund’s board as the US private equity group seeks to derail Concord Chorus’s proposed $1.4bn takeover of the UK-listed music rights investment company Blackstone...
...Warner Music, the third-largest record company, last year announced it had struck a new deal with TikTok....
...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....
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