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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....
...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, 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....
...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...
...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....
...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...
...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...
...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....
...They are talented musicians — she far more so than him — and music becomes a lingua franca, forging a close friendship that is abruptly ripped apart by a tragic accident....
...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....
...Her acclaimed debut album, 2015’s Dark Energy, took this kinetic form in a more introspective direction. Yet it remained connected to a world of bodies and movement....
...recorded traditional albums for Peter Gabriel’s Real World label as well as fusion albums (most notably 1990’s Mustt Mustt)....
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