Tag: lucian grainge

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UMG boss hails ‘best financial performance in 15 years’

Universal Music Group enjoyed a stonking 2017 according to chairman and CEO Lucian Grainge’s year-end memo to staff. “The dramatic worldwide increase in streaming has been the single most important catalyst in returning...
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RCA avoids UMG-style ‘ultimatum’ over streaming exclusives

Lucian Grainge’s recent internal memo announcing that Universal Music no longer wants to take part in streaming exclusives has been seen in some quarters as an ultimatum. Fun context for a quote in Rolling Stone’s article...
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UMG to co-host US showcase for UK tech startups

Universal Music is one of the organisers of a Los Angeles-based event called Technology Innovators Forum (TIF-IN) that will see a selection of British tech startups showing off their services. It’s the fourth time round...
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Vivendi boss says music is ’at the heart of our strategy’

There have been persistent rumours of companies wanting to buy Universal Music Group, fuelled by parent company Vivendi’s recent flurry of divestments in other areas. However, Vivendi CEO Arnaud de Puyfontaine isn’t biting,...
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Indies ride to freemium streaming’s defence

The battle lines are being drawn up in 2015’s debate about the effectiveness of free, on-demand streaming as a funnel towards paid subscriptions. Lucian Grainge, Jimmy Iovine, Lohan Presencer and Doug Morris on one side,...
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Lucian Grainge: ‘We take YouTube at their word’ over subscriptions

Universal Music boss Lucian Grainge’s recent comments about free, on-demand streaming have sparked questions about what this means for his company’s support for YouTube Music Key – whose free tier is as non-negotiable...
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Rob Wells out of Universal Music Group

Big changes are afoot in UMG’s digital business, with news yesterday that its president of global digital business Rob Wells is leaving the company. Wells has been at Universal since 2000, but took up his global role in...
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UMG boss Lucian Grainge: ‘We want to accelerate paid subscription’

It’s not the most surprising quote you’ll read today, granted, but Universal Music boss Lucian Grainge has re-emphasised his desire for services like Spotify and Beats Music to persuade more people to pay for streaming...
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UMG boss unconvinced about SoundCloud’s business model

We’re not sure whether it was mischief or good luck that saw the WSJD conference feature back-to-back interviews with Universal Music boss Lucian Grainge and SoundCloud CEO Alexander Ljung yesterday. With no licensing deal...
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Universal testing $20 unlimited download model in unnamed market

The LA Times has run an interesting feature on Lucian Grainge and if, as the head of Universal Music Group, he can “save the music business”
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UMG inks global distribution deal with Glassnote Entertainment

The latest major-indie distribution deal will see Universal Music Group distributing the catalogue of indie Glassnote Entertainment Group globally, apart from Australia
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Rob Wells appointed to UMG’s executive board

Universal Music Group has announced that its digital boss Rob Wells will now serve on its executive board too.