Music Business News: France

The major labels now turn over more than $1bn a month. But who’s ruling 2018?

Streaming revenues at the major labels have almost doubled over the past two years

Universal and Sony are now turning over more than $500k from streaming every hour

And they're both generating over $1m an hour from all formats...

Kobalt signs David Guetta to global publishing admin deal

Deal includes back catalog including No.1 records

Deezer raises $185m as new investment values company at over $1bn

Access and Orange come back to the table, alongside Dubai-based Rotana

Vivendi set to sell up to 50% of Universal Music Group within 18 months – but rules out IPO

"A sale of up to 50% of UMG’s share capital to one or more strategic partners, in order to extract the highest value"

Music streaming has more than tripled in volume in France since 2015

Over 27bn on-demand streams took place in territory in H1

Vivendi in talks to buy Garorock Festival – report

Negotiations with event owner are reportedly ongoing

BMG boss Hartwig Masuch: ‘We are the fourth major music company’

Exec also warns of potential "bursting bubble" when it comes to publishing M+A market