Apple inks new global deal with Universal, Sony and Warner for music streaming

Deal does not include license for Apple Music and TV bundle
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Coronavirus panic just wiped nearly $5bn off the combined value of Vivendi, Spotify and Live Nation… in a day

MBW monitors how ‘Black Monday’ has hammered music stocks around the world
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TikTok parent Bytedance launches Spotify rival Resso in India… without Universal’s catalog

It’s the Spotify rival that impressed ex-Spotify CFO Barry McCarthy so much, he admitted it was packed with “really clever social features”. Resso, the music streaming app owned by TikTok parent Bytedance, has today (March 4) publicly launc…

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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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
The post It’s happened: The major labels are now generating over $1m every hour from streaming appeared first on Music Business Worldwide.

Major labels’ billion-dollar payday under fire as Cox Communications challenges ‘shockingly excessive’ damages verdict

“The $1 billion award is a miscarriage of justice,” argues ISP in new motion filing
The post Major labels’ billion-dollar payday under fire as Cox Communications challenges ‘shockingly excessive’ damages verdict appeared first on Musi…

Artist streaming revolt: Former Universal Germany boss thinks modern record labels ‘keep disproportionate amount of income’

Motor Music posts blog in support of protesting artists in Germany
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Kenyan afro-pop stars Sauti Sol ink exclusive deal with Universal Music Africa

‘One of the most innovative and creative groups to have broken through from Africa in recent years.’
The post Kenyan afro-pop stars Sauti Sol ink exclusive deal with Universal Music Africa appeared first on Music Business Worldwide.

Universal’s legal chief Jeff Harleston awarded 2020 Entertainment Law Initiative Service Award

“Change is hard. It can be abrupt, it can be unexpected, it can be painful but it’s important and it has to happen.”
The post Universal’s legal chief Jeff Harleston awarded 2020 Entertainment Law Initiative Service Award appeared first on Music B…

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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