Universal Music Group In The News

Downtown confirms layoffs at CD Baby amid restructuring

The company says it's "re-allocating resources towards long-term growth opportunities"

Universal Music to study music and VR treatment for anxiety with Rescape Innovation

The research builds on Universal Music Group's efforts to integrate music in health and wellness

Stingray’s karaoke app is becoming a common feature in electric cars. Now the company has secured an expanded $352m credit facility

Montreal-headquartered music, media, and tech company is involved in numerous businesses, from advertising to streaming and conventional broadcast TV and radio

News

Virgin Music Group strikes global distro deal with India’s Hungama Digital Media

The collaboration aims to leverage Hungama's entertainment network and Virgin's global distribution to create opportunities for Indian artists worldwide

News

Daniel Ek cashes out another $37m in Spotify stock, bringing total value of shares sold this year to nearly $320m

Spotify's market capitalization is more than double that of the world's largest music company, Universal

Analysis News

The 21 biggest music business deals of 2024: From Irving Azoff to Daddy Yankee, Hipgnosis, and Queen.

The year's biggest deals were dominated by private equity, securitization of music assets, and some blockbuster acquisitions by Sony Music

Interviews

‘Every time you think maybe BMG has run out of runway, it hasn’t.’

BMG’s UK boss Alistair Norbury talks Kylie and Suede, reflects on the changes made by new CEO Thomas Coesfeld, and explains how ‘BMG is coming in from the cold’…

News

Are Spotify’s changes to third-party developer access meant to combat AI scraping?

Third-party app developers have been cut off from numerous data points within Spotify's platform