Analysis News The major labels generated over $1.5bn more from streaming in 2018 than they did in the previous year Majors now turning over the equivalent of $19m a day from the likes of Spotify
News SoundCloud is now a distributor: Platform launches tool for users to upload music to Spotify, Apple Music etc. Amazon Music, Apple Music, Instagram, Spotify, Tencent, YouTube Music and more all covered by new tool
News Universal Music Group valuation hits $50bn – as Vivendi seeks ‘half dozen’ investment bank partners "[UMG] owns undermonetized, must-have, global content that is strategic to the tech giants and can’t be replicated."
News Spotify paid $343m for podcasting companies Gimlet Media and Anchor SEC filing reveals that Spotify spent €300m on the pair of companies
News Top music execs paid close to $200m from EMI sale, with Martin Bandier netting the lion’s share – reports New report suggests Bandier "entitled to around half" the total executive compensation payout related to EMP's sale to Sony
Analysis 5 of Spotify’s biggest imminent challenges in 2019 The key issues Daniel Ek and his team have to face down over the next 10 months
News Jody Gerson-led Universal Music Publishing Group is now officially a billion-dollar business UMPG saw annual revenues rise 14.5% at constant currency in 2018, hitting €941m
News Universal Music Group posts record $7.1bn in 2018 revenues, with a $1bn EBITA Universal's recorded music division turned over €4.828bn ($5.73bn) last year, up 10% at constant currency
News Universal fully acquires Ingrooves Music Group UMG will gain sole control of the firm's approximate 2% market share in the United States
News Michael Lynton expected to join Warner Music Group’s Board of Directors as Chairman Ex-Sony Entertainment executive invited into Warner by Len Blavatnik for non-Exec role
News Universal just had ‘the best year for any music company ever’ Major makes bullish claim at Los Angeles Grammy event
Analysis News Universal Music Group is being valued at $42bn – and could ignite a major label sales frenzy The sale of up to 50% of UMG could tempt Sony and Warner to consider their options
News Scott Cohen is joining Warner – but what’s the plan? The Orchard co-founder is being brought in to WMG by Max Lousada
Analysis News Spotify hit 96m paying subscribers in 2018 – and just posted its first ever operating profit Firm predicts that subscriber count will reach approximately 122m by end of 2019
News Spotify buys not one, but two podcasting companies: Gimlet Media and Anchor Gimlet deal believed to have cost Spotify circa $230m