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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....
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...the group’s previous expansion efforts....
...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...
...Music executives have expressed concern that fraud and clutter have proliferated on streaming services, taking royalty money away from record labels and artists....
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...Revenue from TikTok makes up just 1 per cent of Universal’s revenue, it added. Warner Music, the third-largest record company, last year announced it had struck a new deal with TikTok....
...Bumpitrage efforts — where shorter-term activism can boost takeover offers — yielded positive results at deals for tobacco group Swedish Match and UK software group Aveva....
...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...
...Other music groups are experiencing similar slowdowns....
...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...
...Well, I actually think that crossover is a wonderful word because there is nothing more fantastic than treating music as one universal language.”...
...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....
...This comes after Universal Music in October warned that it would be introducing a “cost savings program” in 2024....
...businesses, Universal Music Group, two years ago....
...Evans, the only white musician in the group, who had had a classical training, was central to this conception....
...I have no idea which frequency is being used by the duo who go by the name of Universal Harmonies and Frequencies. But their album Tune In draws from the well of such notions....
...The strong showing for 1989 (Taylor’s Version) is a boost to Universal Music, the world’s largest record company, which distributes Swift’s work and takes a percentage of her sales....
...Digital music sales at Universal Music Group also slowed last year to 4.5 per cent, according to Visible Alpha, but from a much larger base....
...The company is on the hunt for labels around the world to compete with industry giants including Universal Music Group and Sony, Hybe chief executive Jiwon Park told the Financial Times....
...Strong subscriber growth and an upbeat outlook for this year sent shares in Swedish music streaming group Spotify up 5 per cent on Tuesday....
...In early January, Lucian Grainge returned from the holidays and fired off his New Year’s memo to Universal Music Group’s staff....
...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....
...He also has his own record label. In December he signed a “strategic partnership” with Universal Music Greater China, a division of the world’s biggest record label....
...Google, Universal Music and Warner Music declined to comment....
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