News UMG EVP, Boyd Muir, confirms that UMG needs to cut costs to hit the mid-20s EBITDA margin target it promised investors
News TPG has fully exited the business, while Kupanda Capital will a remain minority investor and strategic adviser
Analysis News Earlier this month, Robert Kyncl, CEO of Warner Music Group, confirmed that WMG is in active discussions to sell two of Complex's long-time rivals
Analysis Looking underneath the hood of today's big story in the music business
News The transaction will see KKR sell its majority stake in Chord to current shareholder Dundee Partners and its investor consortium with a minority stake held by UMG
Analysis News The five biggest stories to hit our headlines over the past seven days…
Analysis Kyncl is planning 'as much automation as possible,' and more lobbying for higher prices at music streaming services
Analysis UMG has been experimenting with HYBE and Weverse since back in 2020. What's it learned?