Music streaming spurs UMG revenue growth in Q2
Universal Music group recently reported that it saw a substantial increase in revenue during its second quarter, thanks in large part to an uptick in music streaming. Guest post from. Continue reading
UMG accelerates IPO as revenue grows 9.4%
French media conglomerate Vivendi’s Universal Music Group has reported revenue of $2.2 billion for the quarter of 2021, up 9.4% from the same period the previous year. Vivendi also shared. Continue reading
The Good News? The Bad News Is Wrong: Universal Invests In The Future With UMUSIC Hotels Venture
As part of a new project with Dakia U-Ventures, Universal Music Group and the hotel brand are planning to open multiple large music-focused hotels, under the name UMUSIC, which could. Continue reading
UMG Scores 9 Albums In Billboard Top 10 For 4th Time
Universal Music Group (UMG) has hit a new record todaym placing nine of the Top 10 albums in the Billboard 200 It’s only the fourth time that’s occurred in the. 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
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
