Tag: universal music

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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...
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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...
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Universal Music to develop original shows with podcast firm Wondery

Spotify and Pandora are throwing their energies into podcasts… but now so is the largest major label, Universal Music Group, via a partnership with podcast publisher Wondery. The pair have signed a deal to develop original...
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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,...
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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...
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Chemical Brothers create ‘fastest remix’ for Formula 1

The Chemical Brothers have a new track out today, called ‘We’ve Got To Try’, which is marvellous. But the veteran dance duo also released another track this week called ‘WGTT15000BPM F1 NEEEUM MIX’ that’s more...
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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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Major labels made $19m an hour from streaming in 2018

With all three major labels having published their financial results for the final quarter of 2018 – and thus for the year as a whole – we can get a picture of how their digital businesses grew. MBW’s analysis claims...
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Interscope EVP: streaming spurs creative exploration in hip-hop / R&B signings

The current popularity of hip-hop and R&B on music-streaming services is enabling labels to sign more artists, and thus take more creative risks, according to Nicole Wyskoarko, EVP of urban operations at Interscope Geffen...
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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...