Universal Music Group revenue was up an impressive 18.6% for a total of $2 billion last quarter. The jump was driven by streaming and merchandise revenue along with the releases by superstars like Billie Eilish, Taylor Swift and Ariana Grande. Highlights Universal Music Group’s (UMG) revenues amounted to €3,258 million,…
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FRI. BRIEF: UMG Revenues Jump 17.5% • Berklee President To Step Down • Vevo Turns 10 • Rostr • More
FRIDAY 10.18.19
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Meditation App Calm Names UMG Exec Head Of Music
Popular sleep and meditation app Calm and has named its first head of Music, Courtney Phillips, UMG’s former Director of Brand Partnerships. And don’t for a minute that Phillips made is to bring more sleep-inducing instrumental music to the platform. Working closely with Calm’s leadership and content teams, Phillips will…
Remembering Digial Music Pioneer Jay Frank: His Hypebot Articles & Interviews
UMG senior executive Jay Frank, who passed away this week, was a digital music visionary. Frank often understood streaming’s long term effects on artists and the music industry years before the rest of us. To celebrate Jay and share a fraction of his insights, we’ve compiled a sampling of his…
UMG content strategist: Podcasts ‘could potentially rival share of ear for music consumption’
Barak Moffitt opens up on the threat to ‘share of ear’ from podcasts vs. music
The post UMG content strategist: Podcasts ‘could potentially rival share of ear for music consumption’ appeared first on Music Business Worldwide.
Universal launches Def Jam South East Asia and Astralwerks Asia
Announcements coincided with the official opening of UMG’s new regional headquarters for South East Asia, in Singapore’s arts and heritage district
The post Universal launches Def Jam South East Asia and Astralwerks Asia appeared first on Music Busines…
Blink-182 Exits BMG For Columbia Records: Is The Major Label Exodus Now A Revolving Door?
Is the much-touted exodus by established artists from major labels to indies and artist services firms about to become a revolving door? It’s too early to call it a trend, but former major label act Blink-182 has now exited BMG and inked a deal with Sony Music’s Columbia for their…
1 In 4 Albums Sold In US Last Week Were Taylor Swift’s Lover
Taylor Swift’s Lover sold 679,000 copies in the week ending Aug. 29th, according to Nielson Soundscan and Billboard. That is 27% of the total of all albums sold in the U.S. last week. Overall, 2.487 million total albums sold last week in the US across all formats of albums: CDs,…
Taylor Swift’s Lover Passes 3 Million Equivalent Sales
Team Taylor made sure the superstar was everywhere last week and their efforts are paying off. Taylor Swift scored the top-selling album of 2019 less than 48 hours after release, but that was just the beginning. Tracks from Lover have been streamed almost 650 million times on Spotify as of…
Tencent Music Label Deals Probed By Chinese Regulators
The deals that Tencent Music Entertainment has with record labels are under investigation by the State Administration for Market Regulation, China’s antitrust authority. The probe could end the exclusive licensing deals that Tencent has with Sony Music, UMG, WMG and others. Tencent Music has cut exclusive deals for China and…