News Thanks Universal! Warner Music Group just got $1.9bn more valuable after UMG listing UMG's share price closed at €25.10
News Universal Music Group goes public: Sir Lucian Grainge hails ‘exciting milestone in UMG’s storied history’ Sir Lucian Grainge and members of UMG's corporate executive team sounded the gong live from UMG’s Santa Monica HQ
News Saban Music Group strikes strategic partnership with Reggaeton star Don Omar Don Omar has over 17.9 million monthly listeners on Spotify
News Universal hits massive valuation of $54bn as it lists on Amsterdam Stock Exchange UMG's opening price is over a third bigger than the reference price that Vivendi confirmed yesterday of €18.50
News Universal valued at $39bn ahead of Amsterdam listing, as Vivendi sets reference price of €18.50 per share Vivendi is preparing to spin off 60% of UMG on the Euronext Amsterdam stock exchange on Tuesday September 21
News With over $5m investment to date, Visionary Media Group wants to create ‘revolutionary experiences for top-tier artists’ Visionary Media Group's founding managing partners are Ronald Zamber and Nick Sciorra
News Songtradr enters wellness space, partners with music for wellbeing label Myndstream Songtradr has partnered with the mindfulness music label for sync services across the platform
News With $7.5m in funding to date, ‘social metaverse’ platform Stageverse launches with virtual Muse concert Stageverse was founded in 2017 by Tim Ricker and Claire Seidler
News FUGA rolls out spatial audio support and automated delivery to Apple Music FUGA is a Preferred Plus partner on Apple Music
News From Universal’s new board to Warner’s David Bowie partnership: It’s MBW’s Weekly Round-up The biggest stories of the past five days – and why they matter
News TikTok owner ByteDance readies new music streaming app in China (report) ByteDance reportedly started work on the app back in 2019
News Martin Bandier, SESAC’s John Josephson, and Guy Oseary’s Sound Ventures join $5m funding round for blockchain streaming service Audius The Chainsmokers, Nas, Jason Derulo and Pusha T also invest in platform
News Warner Music South Africa acquires local independent label Coleske Coleske is the largest independent label focusing on Afrikaans repertoire
News Lyrics firm Genius acquired for $80m by MediaLab Genius is a lyrics database, editorial publisher, and digital media company founded in August 2009.
News Dance music NFT platform RCRDSHP closes multi-million dollar seed round, backed by the buyers of $69m Beeple digital art piece RCRDSHP collectibles are built on the Flow blockchain