Tag: universal music
Streaming generated $1.3bn for major music labels in Q2 2017
The three major labels – Universal Music, Sony Music and Warner Music – saw their collective recorded-music revenue from streaming grow to just under $1.3bn in the second quarter of 2017. That represents 38.5% growth...
September 1, 2017
Goldman Sachs predicts $41bn recorded-music industry by 2030
At our NY:LON Connect conference in January this year, Dot Blockchain boss Benji Rogers caused a stir by making the confident prediction that “we’ll be at $100bn a year as an industry in two years” – albeit with the...
August 30, 2017
‘Mi Gente’ tops Spotify chart in latest show of Latin power
The Bieber-infused remix of Luis Fonsi and Daddy Yankee’s ‘Despacito’ has finally been dethroned as the top track on Spotify’s global chart. But its replacement is a song sung entirely in Spanish: ‘Mi Gente’...
August 3, 2017
Despacito is most-streamed song ever… thanks to YouTube
Universal Music Group is understandably trumpeting a new milestone for Luis Fonsi and Daddy Yankee’s ‘Despacito’. Aided by a Justin Bieber-starring remix, the song has now been streamed more than 4.6bn times across...
July 19, 2017
Judge approves request to rescind UMG’s Prince music deal
The saga of the Prince estate’s recorded-music archives deal with Universal Music Group is reaching an end. A judge has approved a request to rescind the distribution deal – estimated as being worth $31m – after...
July 14, 2017
Queen and Adam Lambert launch ‘VR The Champions’ on VRTGO
"It will be as if you’re in a space rocket and zooming around the arena, and seeing everything in 3D," Queen's Brian May told Music Ally in May 2016, about a virtual-reality of the band's recent gig in Barcelona. Just...
June 28, 2017
Music (UMG included) is a key pillar in Dailymotion relaunch
Like Vimeo, video-streaming site Dailymotion is doomed to be pigeonholed as ‘YouTube but much smaller’ in many people’s minds – even though with 300 million monthly viewers, it’s still pretty big. The service...
June 22, 2017
2 Chainz gets his own Trap House VR experience
Rapper 2 Chainz is the latest artist to dive in to virtual reality: in this case, through an experience called ‘Trap House’ running on Universal Music’s VRTGO platform. Launched online as well as for Samsung’s...
June 19, 2017
Will music fans want to ‘stream the studio’ with hi-res audio? (#midem)
Major labels, a number of prominent artists, audio hardware firms and some streaming services are excited about the potential for ‘hi-res audio’. But will more than a niche of fans agree? A panel session during Midem...
June 6, 2017
Universal Music signs Tencent deal for China expansion
China may just be the most fascinating digital-music market of 2017: a status enhanced by yesterday’s announcement of a partnership between Universal Music Group and tech giant Tencent’s Music Entertainment group (TME...
May 17, 2017
Vivendi offers €2.3bn for 60% stake in Havas
While Universal Music’s performance are our main interest in parent company Vivendi’s financials yesterday, there’s another strand to the latter’s strategy that’s worth noting. Vivendi has made a €2.3bn cash...
May 12, 2017
Streams / subscriptions now 46% of UMG recorded revenues
Subscription and streaming revenues are now 46% of Universal Music Group’s recorded-music revenues, according to financial results published by its parent company Vivendi. They revealed a 14.8% year-on-year rise in UMG’s...
May 12, 2017