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...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....
...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....
...Warner Music chief executive Robert Kyncl said in February that music had been chronically “undervalued” compared with its counterparts in streaming television....
...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....
...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....
...Castillo will take the stage as part of Latinas of London during La Linea, featuring singers JSCA and Milena Sanchez, in a show curated and headlined by rising star Desta French....
...“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....
...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 allure of the streaming entertainment era is the opportunity to consume shows and music à la carte. Media mergers and acquisitions should proceed similarly....
...It seems the piano music of eastern Europe is at last getting the wider recognition it deserves....
...Warner Music, the third-largest record company, last year announced it had struck a new deal with TikTok....
...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....
...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 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....
...Clip by Warner Brothers. Read a transcript of this episode on FT.com...
...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....
.... ★★★★☆ ‘Elles’ is released by Warner Music Arts...
...In the year of Trump redux, the battle for the soul of rock-and-roll stupidity has been joined. ★★★☆☆ ‘Saviors’ is released by Reprise/Warner Records...
...“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....
...Clips courtesy of Warner Bros Pictures. Read a transcript of this episode on FT.com...
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