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Bertelsmann SE & Co KGaA
Bertelsmann would consider deal to expand music business BMG, says chief
...the group’s previous expansion efforts....
March 26, 2024
News in-depthApple Inc
Apple targets Google staff to build AI team
...That interest appears to have led Apple to researchers who were the driving force behind neural networks which power AI models....
April 30, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
TikTok Inc
Universal Music impasse with TikTok threatens to take more tracks off platform
...The stand-off is among the most heated clashes between tech giants and media groups in recent memory, as they battle for control over the future of entertainment....
February 28, 2024
LexEndeavor
Endeavor’s deal is a fitting end to a sorry show Premium content
...They certainly should after the entertainment group announced a long-expected go-private sale to its existing majority shareholders this week. The deal values Endeavor’s equity at $13bn....
April 3, 2024
Media
Music rights investor secures $500mn to fund acquisition spree
...A UK-based media group has secured $500mn in debt funding to invest in creating and buying music rights for films, TV, theatre productions and computer games in a sign of continued interest in the asset...
April 15, 2024
Universal Music Group
Universal Music ends boycott of TikTok with new licensing deal
...Universal Music Group has ended its months-long boycott of TikTok, returning music from some of the world’s top artists to the billion-plus users on the Chinese-owned social media platform....
May 2, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
Media
Blackstone in pole position over $1.6bn Hipgnosis takeover
...Blackstone has taken pole position in the takeover battle for Hipgnosis Songs Fund after rival Concord said it would not match the US private equity group’s $1.6bn offer for the UK-listed music rights owner...
May 9, 2024
Universal Music Group
What’s a new Taylor Swift album worth?
...Bank of America has had a go at estimating how much The Tortured Poets Department, Swift’s latest album, is worth to Universal Music Group, her record label since 2018....
April 23, 2024
Social Media
Bob Diamond sets sights on rivalling TikTok with social media start-up
...But Triller was accused of inflating its users numbers and has been sued by the largest music groups in the world — Universal and Sony — for failing to pay them royalties owed....
April 27, 2024
News updates from May 2: Apple’s revenue hit by falling China sales; Gazprom plunges to $7bn loss
Universal Music ends boycott of TikTok with new licensing deal
...Universal Music Group has ended its months-long boycott of TikTok, returning music from some of the world’s top artists to the billion-plus users on the Chinese-owned social media platform....
May 2, 2024
Paramount Global
Sony and Apollo approach Paramount Global with $26bn bid outline
...bid from Skydance Media....
May 2, 2024
EU tech regulation
EU probes Apple, Meta and Alphabet under landmark new law
...The moves come after the commission hit Apple with a €1.8bn fine for preventing music streaming apps such as Spotify from informing users about cheaper deals....
March 25, 2024
Taylor Swift
Taylor Swift’s return to TikTok puts her at odds with Universal
...Taylor Swift has reinstated her music on TikTok, putting her at odds with her own record label, Universal Music, which went to war with the social media group in February, muting her songs and the rest of...
April 11, 2024
TikTok Inc
Universal Music set to pull songs from TikTok after negotiations break down
...Universal Music is set to pull its songs from TikTok after a breakdown in negotiations over payment, which would remove the social media platform’s access to music from stars such as Taylor Swift, The Weeknd...
January 31, 2024
Telegraph Media Group Ltd
Telegraph takeover by RedBird IMI faces regulatory probe
...The £600mn takeover of the Telegraph Media Group by Abu Dhabi-backed RedBird IMI could face an in-depth regulatory review, giving the UK government more time to change the law to formally block the deal...
March 19, 2024
FT Live
The Impact Of Gen AI On The Legal Sector
How are law firms leveraging technology to transform services and operations?
Tuesday, 11 JuneDigital Conference
Inside BusinessAnna Nicolaou
The last of pop’s superstars?
...Taylor Swift and Beyoncé, the biggest forces in music, have both been at this for about 20 years. With modern technology, it’s easier than ever to make music from your bedroom....
April 11, 2024
Personal Finance
The music industry’s fightback is picking up rhythm
...Bumpitrage efforts — where shorter-term activism can boost takeover offers — yielded positive results at deals for tobacco group Swedish Match and UK software group Aveva....
January 17, 2024
Taylor Swift
Taylor Swift’s new album sells 1.6mn copies in US in single day
...At 34, Swift is the biggest star the music business has seen in several decades....
April 21, 2024
Trump Media & Technology Group
Ken Griffin’s trading firm blasts Trump Media boss as ‘loser’
...Devin Nunes, chief executive of Trump Media & Technology Group, wrote to the head of the Nasdaq exchange this week “to bring your attention to potential market manipulation” of the company’s stock, according...
April 19, 2024
Inside BusinessAnna Nicolaou
What explains KKR’s quick exit from the music business?
...Deep down in a press release about Universal Music and little-known investor Dundee acquiring songs owned by the private equity group, it was put plainly: “KKR will exit [its music catalogue] Chord upon...
February 22, 2024
Accounting & Consulting services
Closure of Trump Media auditor delays IPOs and company results
...The closure of the auditor behind former US President Donald Trump’s social media group threatens to derail a number of companies’ plans to go public and force dozens of listed firms to delay their financial...
May 12, 2024
Technology sector
Australia threatens action against Meta after Facebook news payments axed
...One option for the Australian government would be to “designate” Meta, which would force the company into arbitration over payments to media companies or face financial penalties....
March 1, 2024
Believe
Warner kicks off bidding war for French music group Believe
...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...
March 7, 2024
Justin Sun
Music to shill coins by
...Meanwhile, there’s Justin Sun: SINGAPORE - Media OutReach Newswire - 17 April 2024 - On April 16, the globally renowned decentralized platform TRON revealed its partnership with the esteemed composer Hans...
April 17, 2024
Hipgnosis Songs Fund
Hipgnosis cuts value of music portfolio by over a quarter
...The company’s board, which was revamped last year to oversee a strategic review that could lead to the sale of the group, had asked a new adviser to value a music rights portfolio that includes music by...
March 4, 2024

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