Universal Music Group In The News

Anghami grew its paying subs by 21% YoY in 2022 and generated revenues of $48.1m, up 35.6% YoY

MENA-focused streaming platform has published its preliminary Unaudited 2022 Results

From Universal’s billions to Deezer’s new Board Director… it’s MBW’s Weekly Round-Up

The biggest stories on MBW from the past seven days

Universal Music Group generated more than $1bn per quarter, on average, from recorded music subscription streaming in 2022

UMG posts double-digit YoY growth (just!) in its recorded music subscription streaming revenues

Scooter Braun and HYBE want to build a ‘major’ music label. How will their $300m bet on Quality Control play into that aim?

An in-depth look at the biggest music industry deal of 2023 so far

News

Erika Clark promoted to Vice President, Media Relations at Island Records

Clark joined Island Records in March 2018, as Director, Media Relations

Shirin Foroutan appointed SVP and GM, Europe at Universal Music Publishing Group

Foroutan previously served as Vice President, Creative, at BMI

TIDAL axes Direct Artist Payouts ‘experiment’ to redirect funding to emerging talent program TIDAL RISING

$500,000 has been paid out via the program since November 2021

Spotify dips a toe in NFT space, via token-gated playlists starting with Universal’s virtual band Kingship

KINGSHIP revealed via Twitter that it's teaming up with Spotify on a token-enabled playlist