"[There is] continuing process for the potential sale of an additional minority stake in UMG to other partners. Some have already expressed an interest in investing at a similar price level."
"Together with Tencent, Vivendi hopes to improve the promotion of UMG’s artists, with whom UMG has created the greatest catalogue of recordings and songs ever, as well as identify and promote new talents in new markets."
Warner Music Group has renewed its licensing agreement with China’s NetEase Cloud Music. The multi-year extension covers distribution of Warner‘s recorded music and publishing catalog across the streaming platform. It also broadens the partnership beyond distribution into promotion of Warner artists and multimedia content. The companies announced the renewal on Thursday (July 16). NetEase Cloud … Continued
The best of MBW, plus the most important music biz stories on the web. Delivered for FREE, direct to your inbox each day.
The audition, run by ORCA in partnership with All My Anecdotes, will act as a talent pipeline for the label's future projects, and runs from July 3 to August 3.
Bill Werde, Director of the Bandier Music Business Program at Syracuse University, argues that the freemium model championed by YouTube and Spotify may now be holding back growth in the world’s most populous music markets — and that it’s time for the industry to ask whether ‘free’ is still serving it…