Universal Music Group (UMG) is reportedly pushing Spotify, Apple Music, and others to remove AI-generated tracks – and cease allowing artificial intelligence models to analyze its artists’ music on streaming services altogether.
Universal Music Revenues Jump 21% on Recorded Music Subscriptions, Streaming in 2022
UMG also reported publishing revenues rose nearly 35% on the year.
Lucian Grainge Calls For ‘Updated Model’ For Music Industry: Read His Memo to UMG Staff
In his annual New Year's letter to Universal employees, Grainge highlighted the company's successes but also called for change in an era of "bad actors."
Universal Music Group Revenues Jump 13% In Q3 as Subscription Revenues Approach $1 Billion
Universal Music Group reports revenue increases of 13% during Q3 as subscription revenues are nearing $1 billion.
GOLDMAN SACHS: UNIVERSAL IS WORTH OVER $50BN, AND GLOBAL MUSIC STREAMING REVENUES WILL RISE $3BN THIS YEAR
The MBW Review is where we aim our microscope towards some of the music biz’s biggest recent goings-on. This time, we leaf through Goldman Sachs‘ latest must-read report about the music industry.
Amazon Partners With Universal and Warner Music to Remaster Songs in Ultra HD
Amazon Partners With Universal and Warner Music to Remaster Songs in Ultra HD
Universal Music Group Revenues Pass $7.7 Billion in 2019, IPO Planned By 2023
The Universal Music Group's revenues passed $7.7 billion (€7.16 billion) in 2019, up 14% at constant currency thanks to another strong surge in streaming revenue, which was up 21.5% year over year. Recorded music revenues were up 11.6% year over year, while the publishing division's revenues increased 9.2%, both at constant currency.
Vivendi Is Selling a 10-20% Chunk of Universal Music to Tencent — UMG’s Lucian Grainge Addresses the Troops
After delaying the sale of Universal Music Group, Vivendi is now auctioning off a small chunk of the major label to Tencent.
Universal Music Group Revenues Hit Record Highs and Yes, It's Still For Sale
Universal Music Group revenue rose 18.6% on a constant currency basis (or 24% an actual basis) in the first 6 months of 2019, with streaming revenue growing an even more robust 25.5% using the same metric.
A List of Artists Whose Masters Were Lost In the 2008 Universal Studios Fire
The ripples are just being felt from Jody Rosen’s bombshell New York Times Magazine exposé on the Universal Studios fire of 2008.