Music Business News: Europe

Universal acquires UK metal label Candlelight via Spinefarm

Universal makes first significant acquisition since 2014

Loss-making 7Digital Group says it will be profitable this year

Simon Cole says profitability on the cards for 2016

Global music piracy downloads grew by almost a fifth in 2015

But overall activity on piracy sites falls by 20%

Vevo UK’s Tom Connaughton promoted to New York office

Exec joined Vevo back in 2011 from MySpace

Arnon Woolfson named Head of Entertainment at Synergy agency

Music, marketing and entertainment exec joins growing firm

Deezer absorbs €100m investment from Orange and Access Industries

Len Blavatnik pumps more money into Spotify rival

Germany’s recorded music market grows 3.9%, widens lead over UK

Physical claims 69.1% of overall market

Membran signs services deal with hip-hop label Steel Wool outside America

Deal includes Dr. Dre collaborator Anderson .Paak