Universal Music Group has reported its financial results for the first quarter of 2023 (up to March 31).
Revenue for Q1 was €2.451 billion, an increase of 9.3% year-on-year (all ...
The threat posed by AI for music has been high on the industry agenda in recent months.
Following David Guetta’s (unreleased) Eminem-style AI track, which illustrated the power of ...
Dickon Stainer, president & CEO of Global Classics & Jazz, talks Apple Music Classical, building audiences across platforms and UMG’s breakthrough stars
Dickon Stainer, president and CEO ...
Universal Music Group’s board of directors has extended the contract of chairman and CEO Sir Lucian Grainge until May 1, 2028.
"UMG is the world’s most successful music company ...
The Council of Music Makers (CMM) has outlined the five foundational changes it wants to see for music streaming.
The changes include a minimum digital royalty rate for all featured ...
Michelle Teh has been appointed as senior vice president at UMG division Global Classics & Jazz (GCJ).
With over 20 years’ industry experience, Michelle Teh has worked closely with ...
Earlier this year in a wide-ranging interview with Music Week, Deezer CEO Jeronimo Folgueira called for new ideas for streaming - including how music creators are remunerated.
Now the ...
Universal Music Group has acquired British classical label Hyperion Records.
Founded in 1980, Hyperion Records will join UMG’s portfolio of classical labels, including Deutsche Grammophon and Decca Classics.
Warner Music Group CEO Robert Kyncl has called for streaming subscription price increases to reflect the value of music - and he’s spoken about TikTok’s relationship with the industry.
Kyncl, ...
Universal Music Group has reported its financial results for the year ending December 31, 2022.
Total revenue increased 21.6% year-on-year (13.6% in constant currency) to €10.34 billion. The results were ...
