Tag: umg

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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,...
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UMG sues poker website over unlicensed music in podcasts

Gambling-focused website PokerNews is on the wrong end of a lawsuit from a group of Universal Music’s labels, alleging wilful copyright infringement. How does a site about poker news infringe music copyrights? The issue...
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UMG financials impress as Liberty Media eyes sell-off stake

Media group Vivendi published its latest financial results yesterday, including figures for Universal Music Group. UMG’s revenues were up 13.3% year-on-year to just under €1.5bn (around $1.73bn). For UMG’s recorded-music...
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Universal Music to launch ‘Acoustic Room’ video series with LadBible

Research firm NewsWhip recently published a chart of the ‘top publishers on Facebook’ in September 2018 – ranked by total likes, shares and comments on English-language content posted on the social network that...
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Universal Music to develop new consumer-marketing insights platform

Universal Music Group’s latest senior-executive appointment offers an interesting glimpse at how its marketing tools will be evolving in the future. UMG has poached Jaime Weston from sports body the NFL to be its new EVP...
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7digital signs deals for three UMG ‘digital music products’

Business-to-business digital music firm 7digital has announced its latest contract wins, and all three of them are for the same, sizeable client. The British company has “entered into agreements with Universal Music Group...
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UMG’s Spinnup now has 100k artists (and 29 signings)

Universal Music has announced a new milestone for its Spinnup digital distribution platform. It now has more than 100,000 unsigned artists distributing their music via Spinnup. Well, not all of them are unsigned any more:...