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...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....
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...A sale would end Bridgepoint’s eight-year ownership of the company. Typically, private equity groups aim to hold assets for about five years....
...The model will aim to compete with several available text-to-video services from start-ups, including Runway, Pika, and Stability AI. These other services already offer commercial uses for content....
...Universal earlier this year asked Spotify and other streaming services to cut off access to its music catalogue for developers using it to train AI technology....
...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....
...Big music companies earn billions of dollars a year through royalty payments from streaming services and social media groups including Spotify, Apple and Meta....
...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...
...The big music companies earn billions of dollars a year through royalty payments from streaming services and social media sites including Spotify, Apple and Meta....
...Last year, the beer group was hit by overstocking and economic weakness in Vietnam, as well as the impact of stricter drink-driving rules....
...In September, Universal struck a deal with French music streaming service Deezer that marked the first major change in streaming royalties since the advent of the industry in the late noughties....
...John Wood Group, the FTSE 250 engineering services company, should either move its listing to the US or consider a sale, activist investor Sparta Capital Management said on Tuesday....
...[Capital Group] offers,” he said....
...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....
...Demand for Microsoft’s AI services boosted sales by 7 percentage points during the quarter, up from 6 in the previous quarter and 3 in the one before that....
...French luxury group Kering failed to arrest a slide in sales in the fourth quarter, underlining the pressure on the company to revive the fortunes of its flagship Gucci brand....
...In a case study, Unwritten analysed BHP, an Australian mining group with significant coal and copper holdings....
...its financial services division....
...French luxury group Hermès defied slowing sales in the luxury sector to deliver 17 per cent growth in the first three months of 2024 carried by strong demand for its exclusive handbags....
...This helped offset a “broader industry slowdown” in retail sales that led to weaker payment volume growth at its “unified commerce” division, which offers a blend of in-store and online services....
...Overall sales rose 7.1 per cent to about £22bn, while like-for-like sales increased by 5.4 per cent....
...According to the Met Office, the UK’s national weather service, last month was a wetter than average month, with the south of England experiencing its wettest February since the data series began in 1836...
...The UK-based pharmaceutical group reported revenue of $12.7bn, well ahead of consensus estimates of $11.9bn....
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...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...
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