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...Many videos on the site containing Universal music have already been muted, but the dispute is escalating significantly this week, with millions more songs set to be silenced....
...Apple last month told music companies that it would pay up to 10 per cent more in royalties for songs produced in spatial audio....
...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...
...Universal Music has struck a deal to reshape the economics of music streaming, with changes aimed at directing more money to professional musicians and away from a “sea of noise” that chief executive Lucian...
...Google, Universal Music and Warner Music declined to comment....
...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....
...Taylor Swift has reinstated her music on TikTok, putting her at odds with her own record label, Universal Music, which went to war with the social media group in February, muting her songs and the rest of...
...Amid a months-long battle between Universal and TikTok over royalty payments — which left Universal’s vast catalogue of songs muted from the popular app — Swift last week decided to bring her music back...
...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...
...Universal, which controls a third of the world’s music, last month stopped licensing its music to TikTok after a year of tense negotiations....
...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...
...Shares in Universal fell 11 per cent in the first half of 2023 as investors fretted over the consequences of generative AI, including the rise of “deepfake” songs that mimic the voices of professional artists...
...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....
...Starting on Thursday, Swift’s music was being systematically removed and muted on TikTok, along with songs from Universal’s vast stable of stars such as Ariana Grande, Drake, Lana Del Rey, ABBA and Olivia...
...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...
...That’s the beauty of covers for me, they live or die on the ability of the songwriter to capture new nuances of the universal human condition....
...This comes after Universal Music in October warned that it would be introducing a “cost savings program” in 2024....
...“We are trying to expand our portfolio and create a system based on strong IPs like Universal Music, Warner Music and Sony to compete better on the global stage,” said Park....
...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....
...Universal Music chief Lucian Grainge has scored his first victory in a war against “noise”....
...The move by Universal Music to pull its song catalogue from TikTok after a breakdown in negotiations over payment underscores the power imbalance....
...In December he signed a “strategic partnership” with Universal Music Greater China, a division of the world’s biggest record label....
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