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...Universal, which controls a third of the world’s music, last month stopped licensing its music to TikTok after a year of tense negotiations....
...BMG is the world’s fourth-largest music label — but lags far behind the top three “majors”, Universal, Sony and Warner. The company earned revenues of €905mn in 2023, up 4.5 per cent year on year....
...Universal Music has filed a copyright infringement lawsuit against artificial intelligence start-up Anthropic, as the world’s largest music group battles against chatbots that churn out its artists’ lyrics...
...Higher-end audio is a crucial edge for Apple Music over rival Spotify, but it costs more money to produce....
...In a memo to staff seen by the Financial Times, Sir Lucian Grainge, chief executive of Universal Music Group, said that the “dispute with TikTok has ended with a decidedly positive outcome”, adding that...
...Swift is set to release a new album, titled The Tortured Poets Department, on April 19. Universal Music is the largest record company, controlling about a third of the world’s music....
...Universal Music did not respond to several requests for comment, nor did TikTok or a representative for Swift. Read more here...
...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....
...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...
...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....
...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....
...HSBC has agreed to sell its business in Argentina to domestic lender Grupo Financiero Galicia for $550mn as it exits a market where its business has been affected by hyperinflation and a volatile currency...
...Corporate results: ArcelorMittal, Co-operative Bank, Hiscox, ING, Melrose Industries, Reach, Shell, Smiths News, Standard Chartered and Universal Music Group will post results....
...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...
...Well, I actually think that crossover is a wonderful word because there is nothing more fantastic than treating music as one universal language.”...
...At 34, Swift defeated a room full of them on Wednesday night, including her own label head, Universal Music chief executive Lucian Grainge, who was dethroned to the number two position in Billboard’s rankings...
...It is little surprise, then, that Universal recently struck a deal to distribute music from HYBE, the agency behind K-pop sensation BTS, for the next decade....
...Stringer does not rule out similar action to Universal’s, pointing out that he was behind the decision to pull Sony’s music from Resso, a music streaming service also owned by TikTok’s parent company ByteDance...
...This is old-school arthouse fare, an exacting treat for admirers of gloomy music. The album is Forsyth’s third, following 2020’s Debris and 2022’s Limbs....
...Warner, the third-largest music group after Universal and Sony, said the approach was preliminary and non-binding, and that it had asked for a limited amount of information to conduct due diligence with...
...Although it’s been inspiring to see Jenny Box leading KKR’s side of a recent transaction with Universal Music Group, the staggering gender imbalance across the board has been upsetting....
...The successful spin-off of Universal Music, whose shares have increased 10 per cent since listing in Amsterdam, means Vivendi believes “a separation of [French pay-TV station] Canal+ and advertising agency...
...Pophouse’s chief executive Per Sundin was previously managing director of Universal Music Sweden and president of Universal Music Nordics from 2008 to 2019....
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