Music Business News: Europe

Marie-Anne Robert appointed Managing Director of Sony Music France

Robert will oversee all operations, marketing, signings and acquisitions in the country

UK government takes no legislative action following major-bashing report into music industry’s streaming economics

Boris Johnson's government releases official response – and is (so far) not taking any hard action against the business

$117m fund launches in Europe to buy catalogs of local legends

First catalog acquired contains approximately 30,000 copyrights and 6,500 master recordings

BMG backs Credits Due campaign for songwriters launched by ABBA’s Bjorn Ulvaeus

BMG is the first international music company to commit to the campaign.

Thanks Universal! Warner Music Group just got $1.9bn more valuable after UMG listing

UMG's share price closed at €25.10

Music Sampling platform Tracklib raises $12.2m, led by Sony Innovation Fund

Tracklib tells MBW that it has raised a total of $21.2m in funding to date

Universal Music Group goes public: Sir Lucian Grainge hails ‘exciting milestone in UMG’s storied history’

Sir Lucian Grainge and members of UMG's corporate executive team sounded the gong live from UMG’s Santa Monica HQ

Universal hits massive valuation of $54bn as it lists on Amsterdam Stock Exchange

UMG's opening price is over a third bigger than the reference price that Vivendi confirmed yesterday of €18.50