UMG Reports 19% Revenue Gain, ‘Progress’ On Sale

Universal Music Group reported an 18.8% jump in revenue for the first quarter of 2019. The increase came as part of a strong financial report from parent Vivendi.

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UMG Revenue Grew 10% In 2018, Streaming Up 37%

Universal Music Group revenue grew 10% to $6.8 billion USD in 2018 when compared to 2017. The “A Star Is Born” soundtrack, Drake, Post Malone, The Beatles and XXXTentacion were. Continue reading

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Who Will Buy Universal Music Group? [Mark Mulligan]

Vivendi has been clear that it would like to sell up to half of its Universal Music Group at a valuation of between $22 billion and $33 billion, and an. Continue reading

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Hollywood Back In Court: How Have Spinal Tap Creators Earned Only $81 In Merch Sales?

Hollywood has had a long tradition of avoiding paying royalties by claiming movies are "not profitable" as the result of an accounting loophole. This has resulted in a number of. Continue reading

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Vivendi Universal Has $7 Billion And Wants To Buy Your Startup, Label Or Festival

Over the last few years, the major labels have made small investments in startups, but aside from UMG's acquisition of EMI, not made many deals to purchase other labels. Now. Continue reading

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Universal Music Names Jay Frank SVP Global Streaming Marketing, Partners In DigSin And DigMark

You know that Universal Music fully understands the importance of streaming when they name respected digital music and streaming marketing pioneer Jay Frank to the newly created post of Senior Vice President. Continue reading

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Lucian Grainge To Helm Universal Music Thru “at least 2020” – Full Text Of Announcement

Vivendi has extended the contract of Universal Music CEO Lucian Grainge through 2020. "This plan will enable the company to maintain its profitable growth and continue to play a leading role. Continue reading

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Universal Spent $12M To Win “Pyrrhic Victory” Against Michael Robertson, MP3tunes

Universal Music has been chasing MP3tunes since 2009. Whatever the merits of labels taking legal action music tech companies from Napster to Grooveshark, the cost of these lawsuits are indirectly. Continue reading

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30 Midemlab Music Tech Startup Finalists Announced For Midem 2014

The 2014 Midem gathering takes place February 1 through 4 in Cannes. Among the special events will be Midemlab, a pitch competition for music tech startups and app developers. 30. Continue reading

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