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.”
The post Universal Music Group expands operation in India, promotes Vinit Thakkar …

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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Universal is now an $8bn-a-year company, as streaming revenues surge 21.5% in record 2019

Company now generates more than $11m every day from streaming
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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.

$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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Tencent’s Move to Buy 10% of Universal Music Group Shows the Global Music Business Is In Excellent Health

Nue Agency founder Jesse Kirshbaum on the biggest music biz deal of the year
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Official: Universal Music Group to sell 10% stake, worth over $3bn, to Tencent-led Consortium

“Tencent and the Consortium members are excited to support UMG’s growth through this investment.”
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Sir Lucian Grainge: ‘No other music company has ever come close to matching what we achieved this year.’ 

‘It’s no accident that we have built the largest, most diverse, and most innovative music company in the world.’
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Tencent’s Universal bid needed rescuing – but might now go as high as 30% (report)

Tencent’s bid for 10-20% of Universal nearly fell through, but now it probably looks back on track
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