Sir Lucian Grainge: Universal is transforming into the ‘most innovative audio-visual company in the entertainment world’

Billie Eilish and others play annual Universal Los Angeles event in Grammy week
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$500m-backed Saban Music Group inks global Universal deal to deliver ‘groundbreaking artists’

SMG, backed by Haim Saban, will be distributed in the US by Caroline
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Why, in a post-Tencent/Universal world, the three major music companies are worth nearly $90bn

MBW estimates that Universal, Sony and Warner are now collectively worth just shy of $89bn
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The Universal Music fire may be ‘heartbreaking’ – but don’t expect much impact on the music biz story of the year

“It is not clear to us that the fire in the LA storage facility should have any impact on either the valuation of UMG or the sale process.”
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Universal boss Sir Lucian Grainge: ‘We owe our artists answers’ over 2008 fire that destroyed masters

“I will ensure that the senior management of this company, starting with me, owns this.”
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Apple Music execs JJ Corsini and Chris Hovsepian join Universal in senior Artist Development roles

Both exec join UMG as Senior Vice President, Artist Development
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Universal Music Group valuation hits $50bn – as Vivendi seeks ‘half dozen’ investment bank partners

“[UMG] owns undermonetized, must-have, global content that is strategic to the tech giants and can’t be replicated.”
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Universal Music Group valuation hits $50bn – as Vivendi seeks ‘half dozen’ investment bank partners

“[UMG] owns undermonetized, must-have, global content that is strategic to the tech giants and can’t be replicated.”
The post Universal Music Group valuation hits $50bn – as Vivendi seeks ‘half dozen’ investment bank partners appeared first… Continue Reading

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