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.
September 3, 2021
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....
June 21, 2021
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...
June 9, 2021
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...
June 9, 2021
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...
June 4, 2021
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...
May 19, 2021
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’...
May 13, 2021
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...
May 12, 2021
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...
March 17, 2021
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...
March 4, 2021
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...
March 2, 2021