"Together with Tencent, Vivendi hopes to improve the promotion of UMG’s artists, with whom UMG has created the greatest catalogue of recordings and songs ever, as well as identify and promote new talents in new markets."
What does the future of the recorded music business look like – and what role will labels play in its evolution? Mike Caren, one of the standout A&R minds in the US industry, gives his view...
“I am proud to announce these ambitious new initiatives that will help to deliver our strategy to be the best service company in the world for songwriters."
FUGA claims that deal will "provide the only unified, end-to-end solution for record labels and music publishers that supports the full lifecycle of music".