Vivendi appoints banks to help it sell up to 50% of Universal Music Group

‘Several contacts have already been established with potential strategic partners,’ says company
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Universal now generating over $10m a day from streaming, as it posts record half-year results

Streaming made up 60.4% of Universal’s recorded music revenues in the first half of 2019
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Vivendi to appoint banks for Universal stake sell-off on Thursday – report

Vivendi is officially looking to sell off 50% of UMG
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Only 22 ‘original masters’ lost in 2008 fire, says Universal Music Group

“Our current priority is to communicate directly with our artists and their representatives.”
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The birth of Sony Music Group creates a joined-up superpower at the heart of the music business

MBW estimates that SMG will turn over more than $5bn each year, including Japan
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Point Blank Student Opportunities: June 2019 (Young Turks, Kobalt, UMG & More)

At Point Blank Music School, we strive to provide our students with the best opportunities we can. We know how difficult it can be to break into the industry when you’re starting out, so we aim to help you make as much noise as possible and get noticed by the best in the business. Becoming a student at […]

The post Point Blank Student Opportunities: June 2019 (Young Turks, Kobalt, UMG & More) appeared first on Point Blank’s Online Magazine.

800+ Artists Lost Tapes In Universal Fire [NY Times]

The New York Times has published a list of over 700 more artists believed to have lost their masters in the 2008 fire that swept the backlot of Universal Studios in Hollywood. This follows an existing tally of more than 100 artists named in an investigation earlier this month. The…

Universal Music Group enters strategic partnership with AI firm Super Hi-Fi

Companies will work together to introduce Super Hi-Fi’s AI technology to UMG’s partners
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Goldman Sachs says 1.15bn people will pay for music streaming by 2030, as it ups industry forecast

‘Music In The Air’ update brings optimistic news for record companies
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Universal holds preliminary sale talks with Tencent – but is slow deal progress a danger sign?

Bloomberg report says ‘some private equity investors balk at the high price and slow pace of the deal’
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