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...Obermann, a former Warner Music executive who joined TikTok in 2019 to lead its negotiations with the big music labels, has been at the forefront of the talks....
...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....
...was founded in 2016 by Elliot Grainge, the son of Universal Music chief Lucian Grainge — Warner Music’s rival....
...Apple introduced spatial audio to its music streaming service in 2021, at no additional cost to subscribers. Amazon’s music service also offers spatial audio....
...Robert Kyncl, chief executive of Warner Music, said at its last results that it had freed up more funds to invest in music and technology....
...Warner Bros Discovery is to launch its Max streaming service across Europe, bringing together popular TV shows such as The White Lotus with movies like Barbie to challenge market leaders Netflix and Disney...
...The allure of the streaming entertainment era is the opportunity to consume shows and music à la carte. Media mergers and acquisitions should proceed similarly....
...The volumes of music they stream are limited more by the hours in the day than the depth of their rosters. The combined market share of UMG, Sony and Warner is more than 70 per cent....
...Warner Music, the third-largest record company, last year announced it had struck a new deal with TikTok....
...The 35-year-old Levin was proclaimed “our resident genius” by Andrew Heiskell, Time Inc’s chair, according to Fools Rush In, Nina Munk’s book about the AOL-Time Warner merger....
...“Every single label that only dealt in pop, rock and urban [music], they’re all diving into the [country] space,” said Cris Lacy, co-president of Warner Music’s Nashville division....
...On Tuesday, three titans — Disney, Warner Brothers Discovery and Fox — announced yet another streaming service. The trio will provide their live sports content via one streaming platform....
An unwinding of the Ticketmaster deal no longer looks far-fetched
...An EV/sales multiple comparison paints the offer less generously, at about 1.4 times versus 4.5 times for UMG and 3.4 times for Warner Music....
...The league’s current arrangement with Disney’s ESPN and Warner’s TNT allows for some games to be aired on ABC, Disney’s free-to-air broadcast network, and last autumn Warner began experimenting with simulcasting...
...It seems the piano music of eastern Europe is at last getting the wider recognition it deserves....
...Warner stock is down 24.6 per cent this year and 64 per cent since it began trading in April 2022....
...Warner Music last March cut about 4 per cent of its staff, or 270 jobs, while publisher BMG laid off roughly 40 employees in October....
...“Many Americans, particularly young Americans, are rightfully sceptical,” Warner said. “At the end of the day, they’ve not seen what Congress has seen....
...Warner is limited in its ability to make a deal in the near term....
...Rival Warner Music also later signed up to the Deezer model in France. Grainge’s 2024 memo suggests other platforms may soon follow what he has coined an “artist-centric” approach....
...The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com...
...The company behind HBO, CNN and the Warner Bros movie studio has been focused on cutting costs and trimming its debt following the $40bn merger of Warner with Discovery last year and against the backdrop...
...Universal Music is the largest record company, controlling about a third of the world’s music....
...The major record labels — Universal, Sony and Warner — earn money by taking a cut of revenue from streams and album sales from a stable of thousands of musicians....
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