Executive moves: Adam Block and Per Sundin take new roles
The revolving door between major labels and streaming services continues to spin – and it IS a revolving door: UMG’s recent hiring of Spotify’s Mike Biggane as its EVP of music strategies and tactics shows the flow...
August 8, 2019
Tencent in talks to buy up to 20% stake in Universal Music Group
There’s been a significant development in Vivendi’s moves to sell of up to 50% of Universal Music Group. This morning, UMG’s parent company announced that it has entered into ‘primary negotiations’ with Tencent...
August 6, 2019
Streaming still paying off for UMG with 18.6% revenue growth
Stop us if you’ve heard this one before: streaming is paying off rather well for the world’s largest music company. Universal Music’s revenues grew by 18.6% year-on-year for the first half of 2019, according to yesterday’s...
July 26, 2019
Former WMG CEO’s firm leads $10m funding for UMG podcast partner Wondery
Podcast production studio Wondery has raised a Series B funding round of $10m, adding to the $5m Series A round that it raised in March 2018. This is the company that Universal Music Group is working with to create a slate...
June 28, 2019
Indies prepare for battle over Vivendi’s UMG sell-off plans
Vivendi appears to be paving the way for its planned sell-off of up to 50% of Universal Music Group to happen in 2020 rather than this year. That’s the gist, at least, of comments made by chairman Yannick Bolloré in an...
June 20, 2019
New execs for UMPG Nashville, Spotify and ASCAP
The executive chairs are whirling in the US this week, with three new job moves from prominent industry figures. Sony/ATV Nashville’s president and CEO Troy Tomlinson is on the move to Universal Music Publishing Group...
June 18, 2019
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...
May 29, 2019
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...
May 3, 2019
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...
April 26, 2019
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...
April 16, 2019
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,...
April 9, 2019
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...
April 8, 2019