Vivendi to host cross-cultural festival in London at Universal Music’s new Kings Cross base

Inaugural event, titled Le Crossing, will take place in October and is expected to return annually

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Universal posts record revenues for 2016 – as streaming overtakes physical sales

Major now pulling in $4.5m a day from streaming alone

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Apple owns $246bn in cash. What’s it willing to spend on ruling the music business?

Tim Cook is ready to acquire and wants original content. What could that mean for music?

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Vivendi unveils four new venues in Africa – with links to UMG

The theatres are part of the CanalOlympic network that first arrived in the Cameroon capital Yaounde last year

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Vivendi and UMG Post $1.1 billion in Music Streaming

Once again, despite licensing issues with Spotify, music streaming pushes industry revenue way, way up. Universal Music Group reported $1.1 billion in music streaming revenue alone between January and September of this year. This marks a 64.3% increase from the same period last year. Vivendi’s 3Q 2016 report shows that its Universal Music Group unit […]

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Universal caught up in $125m lawsuit as Spinal Tap star sues Vivendi for fraud

Harry Shearer accuses Vivendi of deliberate under-payment of royaltiesThe post Universal caught up in $125m lawsuit as Spinal Tap star sues Vivendi for fraud appeared first on Music Business Worldwide.