Spotify and Universal Music Group just announced something that could permanently reshape how people experience music. The two companies revealed a new licensing agreement that will allow Spotify users to create AI-generated covers and remixes […]
Tag: Universal Music Group
Record Labels & Spotify - Profits Soar While Artists Earn Pennies
In the world of music streaming, record labels and Spotify have struck gold, raking in hundreds of millions of dollars. However, the artists who create the art are earning mere pennies. This article delves into […]
In advance of Its Q4 FY 2022 Earnings Report, Warner Music Group Announces A Quarterly Dividend of $82.4 Million
It has been formally confirmed that Warner Music Group (NASDAQ: WMG) would distribute a $82.4 million quarterly dividend to shareholders. The Big Three record labels, which will re-enter the public market in June 2020, officially […]
Universal Music Group Might Sell a 10% Stake to an Unidentified ‘American Investor’
Ahead of the much-anticipated Universal Music Group IPO, French conglomerate Vivendi is considering selling another 10 percent stake in the Big Three record label to an unidentified “American investor.” Vivendi – which previously sold one-fifth of Universal […]
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 […]
Universal Music Group’s Revenues Jump 13.5% as Sales Chatter Intensifies
Thanks to the massive success of UMG ahead of its upcoming sale, Vivendi’s own bottom line rose 5.5% in Q3 2018. Last summer, after discarding the idea of a $40 billion IPO for its major […]
Universal Music Group Is Now Toying With a $40 Billion IPO - Among Other Possibilities
Universal Music Group (UMG) parent Vivendi is now considering a behemoth Wall Street public offering. But that’s just one of several tasty possibilities ahead. Universal Music Group (UMG) could potentially fetch a $40 billion valuation […]
What Streaming Music Services Pay (Updated for 2018)
Find out what top streaming services — including Spotify, Apple Music, and Amazon Music — actually pay per play. Thanks to streaming music services, record labels reported record-breaking revenue last year.  In 2017, the ‘big three’ made […]
