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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....
...This is an audio transcript of the Political Fix podcast episode: ‘Will Labour’s green U-turn weaken Starmer?’ [MUSIC PLAYING] Miranda GreenHow damaged is Labour by its £28bn U-turn?...
...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...
...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....
...Original music and audio mix by Breen Turner. The FT’s head of audio is Cheryl Brumley. Read a transcript of this episode on FT.com...
...Often companies will offer their employees life cover and other insurance benefits as part of their package alongside the company pension....
...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...
...Majority owned by Moross the company also provides music for spas and hotels around the world....
...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....
...An unwinding of the deal that created the company no longer looks far-fetched....
...Sound design is by Breen Turner, with original music from Metaphor Music. Read a transcript of this episode on FT.com...
...But social media companies, where scams most often start, should also do more to prevent fraud....
...Warner Music, the third-largest record company, last year announced it had struck a new deal with TikTok....
...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....
...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...
...Blackstone over the weekend made a proposal to the company’s board to acquire the music rights group for $1.24 per share in cash to try to derail the recommended offer from Concord....
...Other music companies have also been cutting jobs — notably Spotify, the streaming service that fired more than 2,000 workers last year....
...Universal Music is the largest record company, controlling about a third of the world’s music....
...His dance company survives him....
...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....
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