Done deal: Tencent-led consortium completes $3.4bn acquisition of 10% of Universal Music Group

“Vivendi is very happy with the arrival of the Tencent-led consortium. It will enable UMG to further develop in the Asian market.”
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How Universal Music Group is responding to the COVID-19 pandemic

“We offering various forms of assistance to help artists, songwriters and independent labels affected by COVID-19 weather these challenging times.”
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Universal boss Sir Lucian Grainge diagnosed with Coronavirus in Los Angeles (report)

Grainge is reportedly receiving treatment at Los Angeles’ UCLA Medical Center
The post Universal boss Sir Lucian Grainge diagnosed with Coronavirus in Los Angeles (report) appeared first on Music Business Worldwide.
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The global recorded music business generated over $50m a day last year – and more than $2m of it went to DIY artists

Midia Research’s numbers suggest DIY artists took a 4.1% market share, with Universal Music Group on 30%
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Universal claims 80%-plus share of 2019’s Top 10 biggest global artists… led by Taylor Swift

Major has signed and/or distributes eight of this year’s biggest acts (and also works with BTS)
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Universal Music Group expands operation in India, promotes Vinit Thakkar to COO in region

“This is an exciting time for Indian artists and music, and we are looking forward to further expanding the horizons of what is possible to achieve with VYRL Originals.”
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It’s happened: The major labels are now generating over $1m every hour from streaming

MBW analysis shows that Universal saw recorded music streaming growth in excess of $600m in 2019
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Watch Lead A&R Benny Scarrs Talk Navigating the Music Industry (Dave, Tinchy Stryder)

Benny Scarrs is a Point Blank Music School alumni who, since graduating from the Music Production & Sound Engineering course, has achieved some incredible feats. He’s been working in the music industry for a number of years now – having been involved with events booking talents such as Professor Green, Mr Hudson, Labyrinth and many more. Following these accolades, the […]

The post Watch Lead A&R Benny Scarrs Talk Navigating the Music Industry (Dave, Tinchy Stryder) appeared first on Point Blank’s Online Magazine.

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