Analysis News The major labels generated over $1.5bn more from streaming in 2018 than they did in the previous year Majors now turning over the equivalent of $19m a day from the likes of Spotify
News Universal Music Group valuation hits $50bn – as Vivendi seeks ‘half dozen’ investment bank partners "[UMG] owns undermonetized, must-have, global content that is strategic to the tech giants and can’t be replicated."
News Universal just had ‘the best year for any music company ever’ Major makes bullish claim at Los Angeles Grammy event
Music Business Jobs UNIVERSAL MUSIC GROUP Universal Music Group – Junior Supply Chain Manager, Maternity Cover (UK) Previous supply chain management experience is requiredJob type: OperationsLocation: London, United KingdomApplication deadline: March 6, 2019
News Class action lawsuits filed in New York against Sony and Universal The suits seek damages for copyright infringement and declaratory relief
News Spotify didn’t launch in India today after all… and still doesn’t have major label approval to do so Spotify's proposed average ad-funded rate in India will sit at less than $0.0005 per-play
News Universal parent Vivendi buys book publishing company Editis in $1bn deal "This acquisition is a logical step in the building of a large content, media and communications group. It also marks the return of this French publishing powerhouse to a European group with a global reach."
News Universal’s investment in Pluto TV pays off as startup sells to Viacom for $340m Major invested in Pluto in November 2014, alongside Nas's investment vehicle
News Universal Music Group is worth $33bn, says Deutsche Bank Investment group suggests Liberty Media, Tencent or Google could buy into UMG
News Universal expands in China and Asia with local hires and promotions Aaron Wang, Tracy Mu and KT Ang all join major, as other execs are promoted
News Spotify’s market cap sinks below $20bn for the first time since it went public Spotify has seen more than $15bn wiped off its valuation since its peak ($35bn) in late July
News Sir Lucian Grainge hails ‘pivotal year in the history of UMG and the music industry’ "UMG continues to be, without question, the most successful company in the history of the music industry."
Analysis News How Taylor Swift’s big demand will affect $280m+ of Universal’s money Why the pop icon is also, in one regard, a punk-rock rebel
News Taylor Swift signs new global recordings deal with Universal Music Group Direct agreement signed for the world
Analysis News Universal is having a huge year – right on time for sale-hungry Vivendi UMG's current performance suggests that, with a strong Q4, it will turn over somewhere close to $7bn in the full year of 2018