Tag: umg

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Sandbox Issue 229: Partnerships. How labels are sharing marketing

Lead: Collaborations have long been a staple in the music industry, but something different is happening today as social media and analytics become key parts of marketing campaigns. In the “old days”, labels would trade...
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Afrobeats star Tiwa Savage signs global deal with UMG

Universal Music wants to build its business in Africa: that’s been clear for some time now. In July 2018 it announced an expansion in French-speaking Africa with a brief to sign up emerging artists there, as well as launching Universal...
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UMG hires two Apple Music execs for artist-development roles

We’re used to label executives heading off for high-powered new roles within streaming services. Here’s a reminder that the flow of talent can go the other way too. Universal Music has appointed JJ Corsini and Chris Hovsepian...
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Universal Music Group generated €1.5bn of revenues in Q1

Vivendi published its latest financial results yesterday, revealing that its Universal Music Group subsidiary generated just over €1.5bn of revenues (around $1.7bn) in the first quarter of 2019, representing growth of...
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UMG licenses to uduX, a new Nigerian music streaming service

Yesterday we reported on music streaming service Boomplay raising $20m to expand across the African continent having signed a licensing deal with Warner Music Group last month. Now uduX, a new streaming service based in Nigeria,...
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UK and European indies call for greater certainty for the creative sector amid Brexit bedlam; plus UMG sale implications

For our UK readers, Brexit is, well, we all know what it is. For our readers outside of the UK, how do we accurately explain what Brexit is? Imagine the most chaotic thing you’ve ever seen in your life. Multiply that by...
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UMG gets a new CIO while Deezer appoints a new CCO

In today’s data-rich (some would say data-overloaded) music industry, the role of chief information officer – CIO – is increasingly important for large music companies. So Universal Music Group’s appointment of Dan...
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Tencent Music and KKR in the running for UMG investment

Reuters has been grilling its sources to find out who’s in the running to acquire up to half of Universal Music Group, as part of parent company Vivendi’s planned sell-off. It suggests that investment fund KKR and Chinese...
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UMG boss on smart speakers: ‘Have the title in the chorus’

We reported yesterday on UMG boss Sir Lucian Grainge’s keynote at the Mobile World Congress show in Barcelona. Now more details are emerging about what he talked about, including non-mobile devices like smart speakers....
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UMG boss excited by mobile potential for streaming growth

Universal Music chief Sir Lucian Grainge keynoted the Mobile World Congress conference in Barcelona this week, stressing the excitement his company feels about the mobile industry globally. “In some regions of the world...
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Universal Music revenues grew to $7.15bn in 2018

The world’s largest major label enjoyed a healthy 2018, with Universal Music’s revenues and operating profit both growing. UMG posted €6.02bn ($7.15bn) in revenues, up 6.2% year-on-year, while its operating income grew...
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Universal Music to take full ownership of Ingrooves

There is more consolidation afoot in the digital-distribution market, with Universal Music confirming that it’s taking full ownership of independent distributor Ingrooves. UMG previously owned a minority stake in the company,...