Tag: umg

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Industry figures hail YouTube Music’s 50m-subscribers milestone

We reported yesterday morning on YouTube Music’s milestone of 50 million subscribers (including free trials) but the official announcement came later in the day.
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Vivendi agrees deal to sell 10% of UMG to Pershing Square

Earlier this month we reported that Vivendi was in talks to potentially sell a 10% stake in Universal Music Group to Pershing Square Tontine Holdings Ltd. Now the deal has been sealed, and is expected to close by 15 September....
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UMG’s Bravado is working on NFTs with Ikonick deal

As the early hype subsides around NFTs and the trough of disillusionment kicks in, deals are being struck to prepare for the longer term future. One such deal is between Universal Music’s Bravado merch division and digital...
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Pias says it stays ‘fully independent’ despite UMG deal

More consolidation of the independent distribution sector by the major labels? Well, not quite, but Universal Music Group’s ‘strategic global alliance’ with independent firm Pias is an intriguing move as the majors...
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UMG valued at $40bn in potential investment from US Spac

Last month, Vivendi said that it was “analysing the opportunity of selling 10% of UMG shares to an American investor” ahead of its music group’s public listing later this year. Now the identify of that investor is...
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Vivendi could sell 10% of UMG to a US investor before listing

Vivendi is still planning to list Universal Music Group on the Euronext Amsterdam stock exchange by 27 September, but there may be one last investment deal to be done before then. The company offered its latest update on...
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Universal Music set for public listing by late September

There is some news on Vivendi’s plans to spin out Universal Music Group with a public listing on the Euronext Amsterdam exchange: a date. It was revealed in documents published ahead of Vivendi’s general shareholders’...
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UMG hires former eBay CMO for senior ecommerce and biz-dev role

Hiring a former c-level executive at eBay is a good way of signalling your intentions to do even more with D2C sales and ecommerce more generally. Universal Music Group has done just that, appointing Richelle Parham to its...
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Africa expansion for UMG/Boomplay and for Freeme Digital

From DSP launches to label expansions to [waves enormous plug] new education initiatives for the industry, there is plenty of exciting activity happening around Africa’s music ecosystem. There are two more examples...
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Universal Music Group’s revenues grew by 3.8% in 2020

Universal Music is the latest major label to publish financial results showing that its business rode out the Covid-19 storm in 2020. UMG’s revenues for the year grew by 3.8% to €7.43bn (around $8.95bn) – or by...
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Executive moves at Motown Records and Island Records

There are two new appointments from within to report from the Universal Music family today. Motown Records’ Ethiopia Habtemariam has been promoted from president of the storied label to chairman and CEO, reporting directly...
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UMG and Gameloft launch Queen: Rock Tour mobile game

After a fan-made music videos contest and the band’s official TikTok debut, the latest stage in Queen’s digital strategy has been revealed: a mobile game. It’s called ‘Queen: Rock Tour’, and...