Universal Music Group In The News

Jennifer Cabalquinto named Chief Financial Officer at EMPIRE

Exec previously held Chief Financial Officer positions at 2K Games, Universal Studios Hollywood and more

Former file-sharing platform LimeWire reaches $17.5m in total funding following multiple financing rounds

File-sharing platform recently relaunched as a digital collectibles marketplace

From Google’s AI music generator to Robert Kyncl on music streaming’s payout and pricing models… it’s MBW’s Weekly Round-Up

The biggest music biz headlines from the past week, all in one place

Why the power of AI may hold the key to distributing wealth throughout the music industry (Part 2)

This MBW op/ed comes from Ran Geffen, founder of XR connect development agency OMR and CEO of Amusica Song Management in Israel.

King & Prince sold 1.2m physical copies of their latest album ‘Mr.5’ in its first week in Japan, becoming the market’s fastest-selling album this year

Universal Music Japan and King & Prince have set the record for 2023’s fastest selling album in Japan

Haim Saban appointed Non-Executive Director at Universal Music Group

Media mogul was elected to the role at UMG's AGM on Thursday, May 11

Sir Lucian Grainge remuneration package approved by Universal Music Group shareholders

Sir Lucian Grainge has also been re-appointed as UMG's Executive Director (a position he holds in addition to being the company's Chairman and CEO) for five more years

Google trained ‘experimental AI’ to generate high-fidelity songs from text prompts. Now it’s available to the public

Model was trained on five million audio clips, amounting to 280,000 hours of music at 24 kHz