Spotify, Warner Music Group Sign ‘Expanded’ Global Licensing Deal
Warner Music Group and Spotify have signed a new “expanded” global licensing deal both companies announced on Wednesday. A joint statement reads: “Warner Music Group and Spotify are pleased to. Continue reading
Lucian Grainge Hospitalized, With Coronavirus, UMG LA Employee Tests Positive [UPDATED]
UPDATED: Universal Music Chairman and CEO Lucian Grainge has been hospitalized after testing positive for coronavirus. According to multiple sources, Grainge is receiving treatment at Los Angeles’ UCLA Medical Center.. Continue reading
UMG To IPO As Annual Revenues Pass $2.28B
An initial public offering (IPO) for Universal Music Group is “currently planned for early 2023 at the latest,” parent company Vivendi posted in a presentation to shareholders. Last week, the. Continue reading
WMG IPO: All You Need to Know [MARK MULLIGAN]
Yesterday’s ‘surprise’ IPO announcement from Warner Music Group is already sending ripples through the music industry eco-system. Top MIDiA analyst Mark Mulligan puts it all into context. Throughout the last. Continue reading
FRI. BRIEF: Lucian Speaks – $10M FYE Sale To Sunrise/HMV – $1M Ditto Blockchain Play – More
FRIDAY 1-24.2020 • Music Business News From Across The Web Updated Continuously Under The More News Tab Above
8 Major Music Industry Stories You Missed Over The Holiday Break
The music industry’s annual two-week holiday break is over and this list will bring you up to speed with the important music industry deal-making, announcements and even a shutdown that. Continue reading
5 Music Industry Stories You Missed Over The Holidays
The music industry began its annual shutdown on December 20th and will continue for many through January 5th. But even a Cabo, Costa Rica and Cancun filled with vacationers, the. Continue reading
New Universal Music Investors May Not Be What Artists Want
Major labels often receive flack from the artists, and the recent acquisition of Universal Music by a group of private equity investors and China’s Tencent isn’t likely to improve their. Continue reading
OFFICIAL: Universal Music Sells 10% Stake To China’s Tencent For $3.4B, Grainge Promises Status Quo
A consortium of Chinese streamer Tencent Music and unnamed “global financial investors” announced today that it will acquire a 10% equity stake in Universal Music Group for $3.4 billion. Tencent. Continue reading
