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...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....
...Universal and two other music companies allege that Anthropic scrapes their songs without permission and uses them to generate “identical or nearly identical copies of those lyrics” via Claude, its rival...
...One person with knowledge of its strategy said the company was deciding how to commercialise the technology....
...“It’s going to benefit the biggest player, Universal, because they’re the ones with the resources to invest in that....
...The plans would reduce the burden of the universal service obligation, which forces the company to deliver items everywhere in the UK for the same price....
...Universal chief digital officer Michael Nash told the Financial Times that the changes would be “revenue positive” for the company, which is home to stars including Swift, Elton John and Drake....
...A complex challenge In 2022, the former heads of a climate data initiative at US tech company Palantir founded a start-up to evaluate companies’ exposure to the energy transition — both positive and negative...
...Universal Music is the largest record company, controlling about a third of the world’s music....
...Last year, Shockwave completed a $147mn acquisition of Neovasc, which produces a device to treat refractory angina, another type of heart defect....
...TikTok has failed in its attempts to restart negotiations with Universal Music, according to people familiar with the matter, leaving two of the most powerful companies in entertainment deadlocked over money...
...Universal on Tuesday accused TikTok of “bullying” and said the company wanted to pay a “fraction” of the rate that other social media sites pay for access to its music catalogue....
...There are fewer large influential owners, including families or founders, who wield influence over the company....
...Wednesday’s proposals are the company’s submission under a review by the regulator of the so-called Universal Service Obligation....
...In doing so, the world’s largest music company is making an implicit bet: the next superstar could emerge far away from its California headquarters. anna.nicolaou@ft.com...
...It also does not have the burden of legacy cable television networks that Paramount, Disney, Warner Bros and Universal do....
...Pophouse’s chief executive Per Sundin was previously managing director of Universal Music Sweden and president of Universal Music Nordics from 2008 to 2019....
...This raises the question: why would Universal, a publicly traded company with a market value of some $50bn, partner up with a former energy trader to bankroll its acquisitions?...
...The controversy speaks to the challenge news companies face in covering Trump and those affiliated with him, as the former president continues to question the 2020 election results and air his resentment...
...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...
...The Czech billionaire’s investment approach seems pretty straightforward: target very well-known, very underperforming companies....
...In a sign of how far relations have soured, the two companies traded barbs publicly in the past few days....
...the company private at €15 per share....
...On Wednesday, Universal struck a deal with French streaming group Deezer. This should see more royalties flow to music rights holders. Universal calls it a new “artist-centric” model....
...Bylaw skirmishes between companies and activists are not new, but took on new significance after the SEC in 2022 adopted so-called “universal proxy” rules....
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