South Korean Girl Group (G)I-DLE Tops NetEase Cloud Music Sales Charts

GI-DLE

Photo Credit: NewsInStar / CC by 3.0 South Korean girl group (G)I-DLE tops the NetEase Cloud Music charts with 300,000 copies sold of their latest mini-album. Chinese online music platform NetEase Cloud Music has announced that the […]

Universal Music Group, SoundCloud Discuss Music Royalty Deal

Universal Music Group SoundCloud music royalty structure

Photo Credit: Theo Eilersten Universal Music Group is in talks with SoundCloud to overhaul music royalty payments. Here’s the latest. A Bloomberg report details talks among the companies encompassing changes to the standard industry royalty […]

Music Streaming Compensation ‘Working Group’ Approved in UK

music streaming

The Palace of Westminster. Photo Credit: Ugur Akdemir Following a lengthy investigation into the economics of music streaming, the UK government has officially “agreed to establish an industry working group” designed “to explore issues around […]

Universal Music Group Plots $1 Billion Queen Catalog Deal: Report

Universal Music Group Plots $1 Billion Queen Catalog Deal: Report

Photo Credit: Carl Lender / CC by 3.0 Universal Music Group (UMG) is reportedly in advanced talks to acquire Queen’s catalog for north of $1 billion.   The potential song-rights sale (as well as its […]

Universal Music Group, Endel Partner On AI ‘Artist-Driven’ Tracks

Universal Music Group earnings

Photo Credit: Tony Webster / CC by 3.0 Even as a growing number of unauthorized artificial intelligence tracks are debuting – while non-infringing AI releases also continue to pour onto streaming services in droves – […]

Universal Music Group Signs Deal With AI Startup Endel

A person with a machine for a brain

Universal Music Group (UMG) has announced a partnership with Endel, a company that uses AI to generate soundscapes meant to facilitate work, meditation, and sleep. UMG will license use Endel’s technology to enable its artists […]

Universal Music Group Issues Its Sternest Warnings Yet On AI-Generated Content

Universal Music Group AI

Photo Credit: Coolcaesar / CC by 3.0 Universal Music Group issues its sternest warnings yet on AI-generated content in its quarterly earnings call amidst solid earnings in 2023. Universal Music Group’s earnings call on Wednesday was notable […]

Developers Sell $550 Million Stake in Tao Group to Fund Multi-Billion Dollar MSG Sphere in Vegas

Developers Sell $550 Million Stake in Tao Group to Fund Multi-Billion Dollar MSG Sphere in Vegas

Featuring a 580,000 square-foot exterior with a state-of-the-art outdoor LED screen, the colossal MSG Sphere will launch alongside a performance from U2. The developers of Las Vegas’ MSG Sphere have sold their majority ownership in […]

After Giving Drake $400 Million, Universal Music Group CEO Lucian Grainge Is Grabbing A Huge Bag For Himself

After Giving Drake $400 Million, Universal Music Group CEO Lucian Grainge Is Grabbing A Huge Bag For Himself

Lucian Grainge is the CEO of Universal Music Group, the biggest music label in the business. And UMG recently announced via press release that he’s signed a new contract. On the downside (for Lucian), the […]