Tag: universal music

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Major labels gave evidence to the UK’s music streaming economics inquiry… so what did we learn?

It's actually pretty rare to get genuine smoking-gun 'gotchas' from political inquiries in the moment. When they work well, it's more about patient, forensic questioning that elicits genuinely enlightening answers – and...
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UMG signs music licensing deal with fitness service Variis

Variis isn’t a fitness startup as such: it’s a fitness app launched last March by Equinox Media, owner of a chain of gyms in the US. The app works with a Peloton-style connected exercise bike, which costs $2,500,...
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Tencent-led consortium to buy another 10% of Universal Music

A group of investors led by Tencent Holdings has taken up its option to acquire a second 10% stake in Universal Music Group, bringing its share of the major to 20%. As before, the deal values Universal Music Group at €30bn,...
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UMG ups its licensing efforts in social, fitness and gaming

Sir Lucian Grainge has sent his annual end-of-year email to staff at Universal Music Group. It is largely a roundup of the company’s accomplishments in 2020, plus praise for how staff have continued to work amid the...
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Spotify CFO says UMG is ‘willing to lean in more aggressively’ than rivals

Look away, non-Universal major labels: you may feel a little testy about the latest interview with Spotify CFO Paul Vogel, at a conference organised by RBC Capital Markets. He was asked about Spotify’s latest licensing...
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UMG’s Bravado inks merch deal with Alibaba’s Tmall platform

2020 has been a really interesting year for Universal Music Group's various arms in China. From local signings like Linong Chen and Sunnee to a joint label with Tencent Music, via gaming songwriting camps and the small...
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Vivendi reveals latest UMG financials and IPO plans for 2022

With Warner Music Group and Big Hit Entertainment having gone public this year, Vivendi has confirmed that Universal Music Group is pressing ahead with its own plans for an IPO – but not this year or next. “An IPO...
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UMG and Wondery’s first podcast is a New Jack Swing docu-series

Back in April 2019, Universal Music announced a partnership to develop original shows with one of the biggest podcast production companies, Wondery. 18 month later, the first show is coming out this weekend. It’s called...
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Universal Music Group to launch its own ‘experiential’ hotels

Live concerts are still impossible in many parts of the world, and travel to hotels has been curtailed by the Covid-19 pandemic too. What better time to be planning a range of music-themed hotels, then? But clearly, Universal...
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Amazon Music HD adds ‘thousands’ of tracks from UMG and WMG

We should clarify this headline quickly: Amazon Music HD already has many more tracks from Universal Music and Warner Music. The news is that Amazon is working with the two labels to remaster thousands of tracks in 'Ultra...
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Whatever your mood, there’s a new Norah Jones album for it

Artist Norah Jones’s last studio album, ‘Pick Me Up Off The Floor’, was released in June, but there’s something interesting going on with her back catalogue too. She’s recently released a series of mini-albums,...
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Kanye West on contracts campaign: ‘I will help set precedents’

The music industry may still be picking its way through Kanye West’s self-leaked Universal Music Group deals, but West is making it clear that his campaign around artist contracts is more than just a moment on Twitter....