Deutsche Bank has raised its valuation of Universal Music Group 45% to $33.19 billion, up from a previous $22.86 billion. That values UMG higher than the market capitalization of its parent company Vivendi, which currently sits at $32.35 billion. "With the hype around UMG stake sale having subsided, there is…
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TUE. BRIEF: UMG Valuation Soars • Apple Music Expands Lyrics • Tidal Brings Hi-Res To Mobile • More
TUESDAY 1.8.19
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Queen’s “Bohemian Rhapsody” Is Most Streamed Song Of The 20th Century
"Bohemian Rhapsody,” the iconic song by Queen, has became the world’s most-streamed song from the 20th Century, as well as the most-streamed Classic Rock song of all time more than 40 years after it was recorded. The original song and official video for “Bohemian Rhapsody,” taken from Queen’s seminal 1975…
Edgeout Label Launches With Artist Development Focus
Music industry vet Tony Guanci, along with a team of experienced A&R, touring, live events professionals have launched artist development focused Edgeout Records distributed by Universal Music Group. Edgeout is focused on discovering, vetting and signing young radio-friendly artists, and assist them in developing a fanbase through recorded music as…
Taylor Swift And The Rise Of Label Services [Mark Mulligan]
Last week, Taylor Swift announced her new deal with Universal, which included a gift to thousands of other UMG artists in the form of Spotify stock revenue distributions. Swift’s label move is also part of an important trend, writes MIDiA’s Mark Mulligan; and that’s the rise of the label services…
Universal Music Group Files a Lawsuit Against PokerNews for Infringing Works on Podcasts
Facing nearly $7 million in damages, will PokerNews and iBusMedia fold in Universal Music Group’s copyright infringement lawsuit? Every so often, PokerNews releases a new podcast. The website, owned by iBusMedia, deals with subjects in the poker arena….
Taylor Swift’s UMG Deal Includes A Gift To Other Artists
Taylor Swift has once again used her power to help hundreds of other musicians. Universal Music Group will share profits from the sale of Spotify stock with artists that have not recouped their advances. While this almost unprecedented payment promise will match Sony’s Spotify payments, the real person to thank…
Taylor Swift Exits Big Machine For Universal Music Group
Just a month after becoming a free agent, Taylor Swift has announced a global deal with Universal Music Group and its Republic Records imprint. The superstar has been with indie label Big Machine since 2006, selling more than 32 million albums in the US alone. As part of the new…
Universal Music Revenue Up 13% As Sale Plans Accelerate
Revenue at Universal Music Group grew 13.5% year of year last quarter, according to financials reported by corporate parent Vivendi. But on everyone’s mind were Vivendi’s plan to sell a 50% stake in the world’s largest music group. Vivendi said that it has chosen 15 banks to help it find…
Theda Sandiford upped to SVP, International Commerce & Digital Marketing at Republic, Island, Def Jam
Sandiford previously served as Vice President of Commercial Partnerships, Streaming at Universal Music Group
The post Theda Sandiford upped to SVP, International Commerce & Digital Marketing at Republic, Island, Def Jam appeared first on Music Bus…