Original Masters Belonging to Nirvana, Soundgarden, Elton John, Peter Frampton Destroyed In Universal Studios Fire, Universal Music Confirms

In a recent court filing from the ongoing lawsuit against Universal Music Group (UMG), additional light was shed on the extent of the damage caused by the 2008 Universal Studios fire. Many masters, including those of Slayer, Soundgarden, Michael McDona… Continue Reading

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Who Says Warner Music Gets to Have All the Fun? Universal Music Group Says They’ll Go Public by 2023

According to the just-released earnings report from Vivendi, a French media conglomerate and the parent company of Universal Music Group, UMG will offer an IPO on Wall Street sometime within the next three years.  The announcement came after UMG’s 2019… Continue Reading

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Lil Nas X Drives a Financial Boom at Sony Music — Quarterly Revenues Approach $2 Billion

Sony Music Entertainment sees a Q3 increase in revenue, across both recorded music and publishing.  Lil Nas X — inked to Columbia/Sony back in March of 2019 — helped to drive the results. After an intense bidding war last year, Sony Music label Columbi… Continue Reading

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Warner Music Group Quarterly Earnings Jump 42% (Thank You, Streaming)

Warner Music Group (WMG) just reported a very solid first-quarter growth. Warner Music Group (WMG) recorded substantial profits in the first quarter of its fiscal year, which began in October of 2019 and ended on December 31st. In an earnings report is… Continue Reading

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Sony Music Entertainment Restructures, Bolsters Asian and Middle Eastern Operations

Sony Music Entertainment (SME) is restructuring and expanding its operations in Oceania, Asia, and the Middle East. In a formal announcement, the company indicated that Asia-Pacific exec Denis Handlin will shift his focus exclusively to Australia and N… Continue Reading

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Armed With $500 Million, Saban Music Group Inks a UMG Distribution Deal

The Sabin Music Group has announced that it has reached a global distribution and marketing deal with Universal Music Group (UMG), which comes six months after billionaire Haim Sabin pledged $500 million for the new label. The agreement calls on Caroli… Continue Reading

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