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...was founded in 2016 by Elliot Grainge, the son of Universal Music chief Lucian Grainge — Warner Music’s rival....
...the group’s previous expansion efforts....
...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....
...Google, Universal Music and Warner Music declined to comment....
...“Universal Music, Sony and Warner need to maintain revenue growth in order to keep investors happy. So you start looking for non-organic growth,” said Midia analyst Mark Mulligan....
...“The SEC made this law that a minority shareholder can run for the board of directors and I’m a shareholder of the Warner Music Group and I wanted to take advantage of it,” Carvello told the FT last month...
...A bidding war has emerged for French digital music company Believe after Warner Music Group said it planned to make an offer to buy the company for at least 17 euros a share, more than a recent proposal...
...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....
...But a buyer would be foolish to pay a premium price for the group, given regulatory and integration challenges....
...Warner Music, the third-largest record company, last year announced it had struck a new deal with TikTok....
...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....
...Other music groups are experiencing similar slowdowns....
...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 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....
...A lot of action — yet lacking the crucial spark of originality. ★★☆☆☆ ‘Liam Gallagher John Squire’ is released by Warner Music...
...Warner Music Group has brokered a new deal with TikTok to license its music to the social media platform after months of negotiation to receive better compensation for songs used on the viral video app....
...“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....
...The terms of the Warner-Discovery merger barred the group from dealmaking for two years. That period expires on April 8....
...But the fallen payments group’s former operating chief is also now suspected of being a Russian spy, The Wall Street Journal reports....
...Khamenei controls the Islamic Revolutionary Guard Corps and has helped transform them into Iran’s most formidable institution....
...The assumption in Hollywood has been that private equity groups would swoop in and buy their TV assets, which are still throwing off cash....
...In 2021, the body responsible for the Square Mile scrapped plans to replace the museum with a £288mn concert hall dubbed the “Tate Modern for classical music”....
...An advertiser exodus from Elon Musk’s X gathered pace on Friday, with Apple, Walt Disney, Comcast, Paramount and Warner Bros all pausing spending on the social media platform amid concerns about antisemitic...
...“When the music stops . . . there’s going to be a lot of manoeuvring.” But the debt restructuring pitch is nevertheless seen as particularly audacious....
...On behalf of 17 music publishers including Sony Music Group and Universal Music Publishing Group, the National Music Publishers’ Association filed a suit in the federal district court of Nashville alleging...
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