Gucci Mane Dubs Atlantic Records ‘Polite Racists,’ Calls For Artist Strike
Gucci Mane recorded 11 of his 16 albums for Atlantic Records. But now he’s leaving the label calling them “polite racists.” In a now-deleted Tweet, the rapper also branded the. Continue reading
BMG Reviews Old Deals Pledging To Correct Injustices
BMG has pledged to review all historical record contracts to help address “injustices inflicted on black people.” In the letter, BMG says it is committed to positive change and will. Continue reading
Tencent Music Buys $100 Million Stake In WMG
Tencent Music Entertainment has purchased a stake in Warner Music Group. According to a WMG SEC filing today, TME acquired 4 million shares of Class A common stock for $100. Continue reading
UMG’s Republic Records Bans Use Of Term ‘Urban’
UMG label Republic Records is banning the word “urban” at the company, a term that many believe marginalizes music by black artists. “We encourage the rest of the music industry. Continue reading
Universal Music Group Seeds $25M ‘Change Fund’
Universal Music Group’s Task Force for Meaningful Change (TFMC) has announced a $25 million UMG financed ‘Change Fund’ to support the Black community and the ongoing fight for equality and. Continue reading
Global Music Industry To Decline 28% to 34% In 2020 [MARK MULLIGAN]
Global music industry revenue will decline significantly in 2020, says MIDiA analyst Mark Mulligan, and while live music will see the biggest declines, virtually every music sector will feel some. Continue reading
WMG Stock Surged Another 6.24% As NASDAQ Opened Thursday
Warner Music Group [NASDAQ: WMG] stock surged another 6.24% right after the opening bell in Thurday, trading as high as $32 and up $1.88 on its second day of trading.. Continue reading
WMG Stock Ends First Day 20% Above IPO Price [UPDATED]
Warner Music Group stock closed up 20.48% from a $25 IPO price on Wednesday, its first day of trading. The day added more than $2.5 billion to WMG’s valuation which. Continue reading
WMG NASDAQ IPO Today At $25 Share Price
Warner Music Group will debut on the NASDAQ stock exchange Wednesday at a $25.00 IPO share price for 77,000,000 shares of Class A common stock. The size of the IPO. Continue reading
UMG, Sony, WMG, Spotify Join ‘Black Out Tuesday’ Music Industry Protest: #TheShowMustBePaused
UPDATED: Spotify, Columbia Records, Warner Music Group, Capitol Music Group, and associated labels along with artists including Quincy Jones are among those joining a growing grassroots music industry campaign to. Continue reading
