Music Business News: United Kingdom

Universal Music UK posted £10.6m operating profit last year, spent £15.7m on acquisitions

Revenues jumped 9% to more than £344.3m

Emmy Lovell promoted to EVP of WEA Europe as Matt Crosswaite departs

Second promotion in two years for rising star at WMG

SoundCloud partners with programmatic ad-tech company AppNexus

'We’re eager to leverage the strength of AppNexus’ global multi-format open marketplace'

Sean Stevenson named EVP and General Manager for Music at Entertainment One

Stevenson will oversee marketing, sales, digital and general management of the Music business

Apple launches global music publishing division, headed by Elena Segal

Oliver Schusser makes major global move a month after taking charge of platform in California

Louis Bloom promoted to President of Island Records UK, Natasha Mann and Olivia Nunn named co-MDs

Alex Boateng upped to President of Urban, Steve Pitron granted wider role

Sony/ATV extends deal with British producer Two Inch Punch

“We are thrilled to continue this relationship with such a hugely talented producer and songwriter.”

Emma Banks to receive Music Industry Trusts Award in November

CAA exec follows Rob Stringer to win award in London