A percentage breakdown of the approximately $1.6 billion in global recorded music revenue attributed to UGC and ancillary licensing sources for 2022 in Goldman Sachs’ “Music in the Air” report. Predictably, the nuances of TikTok’s […]
Universal Music Group wiping their songs from TikTok is going to hurt the label’s smaller artists the most … so says a musician who saw the app elevate his own artistic brand. Mareux had his […]
Play video content TMZ.com It’s happening … huge hitmakers are being wiped from TikTok after the app failed to reach a deal with UMG — something Rickey Thompson calls a game-changer, and a bummer. We […]
Songs by Taylor Swift, Drake, Beyoncé and many more contemporary music superstars have vanished en masse from TikTok after Universal Music Group severed ties with the social media giant following a contentious contract dispute. A […]
Universal Music Group (UMG) has unveiled a new strategic partnership with Jay Chou, the internationally renowned “King of Mandopop,” and his prestigious record label JVR Music. This landmark agreement secures global distribution rights for Jay […]
Timothy Xu, Eason Chan, and Lisa Kan – Photo: Courtesy of Universal Music Group China Universal Music Greater China (UMGC) has announced the renewal of its contract with Chinese pop megastar Eason Chan. The announcement […]
Photo Credit: Ibrahim Boran Universal Music Group opens an $800 million bond offering for refinancing existing debt and paying transaction fees and expenses. Universal Music Group announced its plans to raise 750 million euros ($800 million) from […]
Photo Credit: Programas Telemedellin / CC by 3.0 Colombian pop star Karol G has signed with Interscope Records, keeping her catalog under the UMG umbrella. “Karol G is without a doubt one of the most […]
Photo Credit: Cytonn Photography A new report finds the Big Three pondering an AI ‘takedown notice’ system under discussion with Spotify, Apple Music, and Amazon Music. According to a new report, the three major labels — […]
Photo Credit: Fix the Tix Nineteen leading entertainment organizations — including UMG, RIAA, A2IM, and Recording Academy — have formed a coalition to protect concertgoers from price gouging and deceptive and predatory ticketing practices. In […]
Photo Credit: Universal Music Group Last month, it came to light that Universal Music Group (UMG) had retreaded the contract of chairman and CEO Lucian Grainge through May of 2028 with a two-thirds salary reduction […]
Photo Credit: Kevin Wimpy Incoming UMG Nashville CEO Cindy Mabe says she is looking to ‘dramatically expand’ partnerships with independent labels. Here’s the latest. Mabe assumed her role as Chair & CEO of Universal Music […]
Photo Credit: Universal Music Group UMG retreads Lucian Grainge’s contract through May 1, 2028, with a big salary chop — and much bigger upside performance and stock incentives. Universal Music Group announced the extension of […]
Photo Credit: Manuel Nägeli About one week after the formal announcement of Apple Music Classical, Universal Music Group (UMG) has officially acquired British classical label Hyperion Records. The Big Three label revealed its latest buyout […]
Dr. Dre’s seminal The Chronic: is it part of this juicy deal? Dr. Dre has reportedly sold a sizable chunk of his music rights — at a juicy multiple — to Shamrock Holdings and Universal […]
Black Sheep has waged a legal war against Universal Music Group. The 1990s hip-hop duo, composed of Andres “Dres” Vargas Titus and William “Mista Lawnge” McLean, is spearheading a hefty class action lawsuit over unpaid royalties. According […]
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Photo Credit: Spinefarm Records Spinefarm is announced as the first repertoire initiative under the new alliance between [PIAS] and Universal Music Group. [PIAS], a leading independent music company that recently announced a global partnership with […]
Photo Credit: David Lezcano Following the severing of his relationship with Adidas, several companies are continuing damage control. Kanye West’s antisemitic statements and the fallout continues. “Def Jam’s relationship with Ye as a recording artist, […]
Virgin Music Group co-CEOs JT Myers and Nat Pastor. Photo Credit: Universal Music Group About 19 months after rolling out the revamped Virgin Music Label & Artist Services, Universal Music Group (UMG) has officially acquired […]
Photo Credit: Egor Filin Sony Music Group says it will exit the Russian marketplace completely, six months after suspending operations. UMG and WMG operations remain suspended. According to a report from Billboard, Sony Music Group […]