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...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...
...Two years ago Vivendi split its most valuable business, Universal Music Group, via a listing....
...Across the entertainment industry, an era of cheap streaming is coming to an end as rising interest rates and a media stock crash have forced Hollywood studios to focus on profits....
...Universal Music, the industry leader that is valued at more than $50bn on the stock market, is home to Rodrigo, who signed with Universal’s Interscope Records in 2020....
...Pophouse’s chief executive Per Sundin was previously managing director of Universal Music Sweden and president of Universal Music Nordics from 2008 to 2019....
...BBC Studios is taking on increasing importance as a debate rages over whether the broadcaster should remain funded via a universal licence fee or should rely more on commercial revenues from subscriptions...
...This article is part of FT Globetrotter’s guide to Madrid UMusic, the first hotel by Universal Music Group, opened with ambitions to be an “entertainment hub”....
...It also does not have the burden of legacy cable television networks that Paramount, Disney, Warner Bros and Universal do....
...The corporation has said it will seek more partnerships with third parties to boost commercial income, similar to the deal it recently struck with US entertainment group Disney to produce the Doctor Who...
...Vivendi would then plan to have a third listed branch as an investment company that would house Lagardère, and include other listed and unlisted holdings in media and entertainment companies....
...Corporate earnings: Chinese tech group Baidu, Singapore lender Oversea-Chinese Banking Corporation, Hong Kong developer Sun Hung Kai Properties and gambling group Galaxy Entertainment report earnings....
...Innovation isn’t without risk: novelty can damage profitability if it means fewer universal pieces that can be produced in high volumes for lots of different kits....
...That deal left Levin sitting atop a media and entertainment colossus....
...Entertainment in a deal that would have seen it list in New York at a $2.6bn valuation....
...Hybe this year failed to acquire SM Entertainment, the K-pop record label behind boy band EXO and girl group Aespa....
...“If some giant corporation is going to take all their content and put it in the blender, artists have to be paid.”...
...And the world of philanthropy, while still dominated by individuals, owes increasing amounts to donations from foundations and corporations. Many of these changes are welcome, others less so....
...The Florida-based business also plans to launch Truth+, which will provide what it called “non woke” entertainment to the American public....
...It has raised more than $2.5bn and struck a handful of small deals, including building a minority stake in movie studio Lions Gate Entertainment and four cyber security companies....
...Casino operators MGM Resorts and Caesars Entertainment are the latest high-profile victims....
...“If all the allegations were to be investigated and cleaned up . . . it could lead to a reset of many of the people in today’s entertainment industry.”...
...The New York-based firm controls about $3bn worth of Disney shares, the majority of which belong to Peltz’s friend, the former chair of Marvel entertainment Isaac “Ike” Perlmutter, who was ousted from the...
...The group is allegedly behind at least 100 attacks on major US corporations and is considered a major threat to western companies....
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