Tag: universal music

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UMG’s Bravado is working on NFTs with Ikonick deal

As the early hype subsides around NFTs and the trough of disillusionment kicks in, deals are being struck to prepare for the longer term future. One such deal is between Universal Music’s Bravado merch division and digital...
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Pias says it stays ‘fully independent’ despite UMG deal

More consolidation of the independent distribution sector by the major labels? Well, not quite, but Universal Music Group’s ‘strategic global alliance’ with independent firm Pias is an intriguing move as the majors...
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UMG valued at $40bn in potential investment from US Spac

Last month, Vivendi said that it was “analysing the opportunity of selling 10% of UMG shares to an American investor” ahead of its music group’s public listing later this year. Now the identify of that investor is...
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Universal Music and Triller bury the hatchet with licensing deals

In February this year, Universal Music Group took the highly unusual step of removing its music from social app Triller and publicly blasting the app for its approach to licensing. "We will not work with platforms that...
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Vivendi could sell 10% of UMG to a US investor before listing

Vivendi is still planning to list Universal Music Group on the Euronext Amsterdam stock exchange by 27 September, but there may be one last investment deal to be done before then. The company offered its latest update on...
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Universal Music set for public listing by late September

There is some news on Vivendi’s plans to spin out Universal Music Group with a public listing on the Euronext Amsterdam exchange: a date. It was revealed in documents published ahead of Vivendi’s general shareholders’...
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UMG hires former eBay CMO for senior ecommerce and biz-dev role

Hiring a former c-level executive at eBay is a good way of signalling your intentions to do even more with D2C sales and ecommerce more generally. Universal Music Group has done just that, appointing Richelle Parham to its...
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Universal Music revenues grew by 2.2% year-on-year in Q1

After those early worries about music streams falling in the early weeks of the Covid-19 pandemic’s global lockdowns, it’s become clear that the recorded music industry – streaming services and labels included – is...
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Universal Music launches a new label focusing on Arabic music

Universal Music Group has been on something of a spree of new label launches in recent times, with a particular emphasis on high-potential markets. The latest example is Universal Arabic Music (UAM for short) which is...
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Calm teams with Universal Music for 60-minute sleep remixes

That new Ariana Grande remix put us to sleep! Not an insult… We’ve written about some of mindfulness startup Calm’s partnerships with individual artists to create bespoke music for its service. Now it’s...
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Africa expansion for UMG/Boomplay and for Freeme Digital

From DSP launches to label expansions to [waves enormous plug] new education initiatives for the industry, there is plenty of exciting activity happening around Africa’s music ecosystem. There are two more examples...
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Universal Music Group’s revenues grew by 3.8% in 2020

Universal Music is the latest major label to publish financial results showing that its business rode out the Covid-19 storm in 2020. UMG’s revenues for the year grew by 3.8% to €7.43bn (around $8.95bn) – or by...