Tag: universal music

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Tencent finally seals the deal for 10% stake in Universal Music

On the very last day of 2019, Tencent Holdings (heading up a consortium of investors) signed an agreement to acquire 10% of Universal Music Group. Now, in a neat bit of quarterly timing, that deal went through on the very...
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Today’s positive coronavirus-related industry news (31 March)

We can’t ignore the bad news for our industry coming out of this Covid-19 pandemic, but writing about the positive things – people, companies and industry bodies taking action and providing support – has felt important. Today’s...
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Bytedance’s Resso launches in India but can it drive subscriptions?

A much-hyped freemium music service has launched in India, but without one of the world’s major music companies. Déjà vu, anyone? Almost exactly a year on from Spotify’s debut in India amid a dispute with publisher...
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Labels roll out new policies in response to coronavirus

Major labels are beginning to place restrictions on international travel for their staff, in the face of the spreading coronavirus outbreak. Billboard reported on a Universal Music Group internal memo explaining that “for...
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Universal Music dominates IFPI’s artist chart of 2019

Congratulations to Taylor Swift, who was named yesterday by the IFPI as its global recording artist of 2019. She tops a chart calculated by aggregating streams, digital and physical sales globally, weighted by the value of...
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Universal Music expands leadership team for India and South Asia

Universal Music Group has been very active in India in recent times, from its VYRL Originals non-film-music label (which we wrote about in November 2019) to its launch of Mass Appeal India in partnership with rapper Nas,...
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Universal Music Publishing Group launches new royalties portal

UMPG is the latest publisher launching a slick royalties app for its songwriters to keep tabs on their earnings. UMPG Window is an iOS and Android app, and also a website, which will show writers their earnings by work title,...
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Vivendi reveals plans for a Universal Music IPO by 2023

Anything Warner Music Group can do, Universal Music can do… later. With WMG having sprung plans for an IPO on the industry earlier this month, now Vivendi has announced that plans are afoot for a UMG public listing too,...
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UMG hires Spotify exec Ichiro Tamaki for digital role in Japan

Japan’s transition from sales to streaming has been a long time coming, and there are still some bumps in the road. Now Spotify will have to deal with them under new leadership, after its general manager and president in...
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$500m-funded Saban Music Group inks Universal partnership

In July 2019, we reported on the latest new label with grand ambitions for the music industry. In the case of Saban Music Group, those ambitions were backed by $500m of capital, thanks to founder Haim Saban, whose TV firm...
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Music Ally Report 426: Trends of 2019

This year we’ve picked 42 (also the answer to life, the universe and everything as fans of Douglas Adams will know) of the trends and moments we found most significant in 2019. What are they? *takes deep breath* industry...
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Tencent finalises 10% stake in UMG, with more to come?

It had been reported that Vivendi was keen to finalise its deal to sell 10% of Universal Music Group to a Tencent-led consortium by the end of 2019. It just about squeaked in, with the agreement signed on New Year’s Eve....