Music Business News: United Kingdom

[PIAS] founders explain why they sold 49% of their company to UMG: ‘The battle lines in our industry have been redrawn.’

Universal Music Group confirmed its acquisition of a minority investment in [PIAS] earlier today

Record labels welcome UK competition authority report on streaming, as Merck Mercuriadis slams CMA for not using ‘powers they have to fix the problems they identify’

Streaming market study report receives mixed response from the music industry

Universal acquires 49% stake in independent music powerhouse [PIAS]

Deal follows the formation of a strategic global alliance between the two companies in June 2021

UK competition watchdog finds major record labels are not ‘making significant excess profits that could be shared with creators’

Competition and Markets Authority's final report published

From Utopia Music downsizing its workforce to Warner’s $1.5bn in calendar Q3… it’s MBW’s Weekly Round-Up

Our biggest stories of the week, brought to you in association with Centtrip

Raoul Chatterjee joins UK-based vinyl platform elasticStage as Chief Operating Officer

Startup raised £3.5m in a seed funding round earlier this year

‘What I would say I’m proudest of at ADA is the culture. There’s a way in which we do things that, when people join us, they sign up to.’

Howard Corner, Managing Director of ADA at Warner Music UK, is celebrating 30 years in the music industry, and nearly a decade at the helm of Warner UK’s Artist and Label Services division.

Are creators being used as cannon fodder in the NFT game?

The following MBW op/ed comes from PPL CIO Mark Douglas.