Guy Hands Suddenly Drops $2.5 Billion EMI Citigroup Lawsuit
After 9 year, its over. Guy Hands, the UK financier whose ill-fated purchase and management of EMI effectively brought down the once major music group, has abandoned his $2.5 billion. Continue reading
Soundcloud Cuts Universal Music Group Licensing Deal, Sony Still A Holdout
SoundCloud is much closer to launching a paid subscription service, thanks to a deal to licence the massive Universal Music Group catalog. But two of the world's largest music companies Sony. Continue reading
Universal Music Group Planning Virtual Reality Concerts
While the majority of VR content has, up to now, been focused on games and films, UMG and iHeartMedia have major plans in the works to release several VR concerts in. Continue reading
Ashley Newton Named President Capital Music Group, EVP UMG Special Projects
Universal Music Group has named Ashley Newton as President of the Capital Music Group and Executive Vice President of Creative/Special Projects for UMG. He will report directly to UMG CEO. Continue reading
Court Rules Against Universal Music In Lawsuit That Could Pay Artists Millions. Chuck D Joins Fight.
Welcome to every major label's worst nightmare. Universal Music Group (UMG) is now facing the real possibility of mulitple class action lawsuits alleging they short-changed artists of royalties owed for. Continue reading
