The Flow Festival has invited artists to take a stand for the environment with their riders. Created in collaboration with Flow’s sustainability partner Neste, the world’s largest producer of renewable diesel, the Sustainability Rider offers a free-to-use set of clauses that can be added to existing riders, including recycling or…
Author archives: Bruce Houghton
Warner Music Group Reports Another Solid Quarter
Warner Music Group reported a solid Q3 that mirrors gains throughout the recorded music industry driven by streaming, Total quarterly revenue grew 10.4% with 12.5% growth in streaming revenue. Highlights • Total revenue grew 10.4% or was up 13.4% in constant currency • Digital revenue grew 12.5% or was up…
Tencent In Talks To Acquire Up To 20% Of UMG
Chinese internet giant Tencent is in talks to acquire a stake in Univeral Music Group, both companies have confirmed. Earlier this year, UMG parent Vivendi announced plans to sell as much as 50% of the world’s biggest music group. Under the proposed deal, Tencent would first acquire a 10% stake…
Lucian Grainge’s Letter to UMG Staff On Tencent Music Talks – The Full Text
With Chinese internet giant Tencent in serious talks to acquire a 10-20% stake in Univeral Music Group, UMG CEO and Chairman Lucian Grainge reached out to his staff with details. Here is the full text of his letter: ____________________________________________ MORE: Tencent In Talks To Acquire Up To 20% Of UMG…
TUE. BRIEF: Tencent To Acquire 10% Of UMG • Streaming Amplifies Songwriter Lawsuits • UnitedMasters • More
TUESDAY 8.5.19
Music Business News From Around The Web
Updated continuously under the More News tab
Country Radio’s Gender Gap Continues: Men Top Billboard Chart 9X More Than Women
For three weeks in December of last year, not a single song on the country chart was sung by a women. A Billboard study showed a rapid decline from four songs by women in the Top 20 in December 2015, three in December 2017 and none in December 2018. Where…
Insiders Guide To Pressing Vinyl with CEO Of Disc Makers
Tony van Veen, the CEO of DIY Media joins Michael Brandvold and Jay Gilbert on the Music Biz Weekly podcast. DIY Media is home to Disc Makers, BookBaby and Merchly. At a time when the industry is focused on streaming, Disc Makers has become the top provider of physical goods…
Spotify Premium Is Now Free For Select AT&T Customers
Spotify and AT&T now offer select mobile customers a free Spotify Premium account. Starting Tuesday, AT&T Unlimited & More Premium customers can claim the free subscription. Spotify joins Pandora Premium, HBO, Cinemax. Showtime, Starz and VRV as one of 7 options to add on at no cost. Additionally, select AT&T…
Former WMG Exec Lori Feldman To Become CMO At Paradigm
Paradigm has hired Lori Feldman for the newly created role of Chief Marketing Officer for the talent agency. In her new gig, Feldman will oversee brand and marketing efforts for Paradigm’s clients in music, and will focus on developing brand and opportunities for the agency’s talent and literary clients. Feldman…
You Can Now Edit Your Soundcloud Profile On Mobile
SoundCloud has added mobile profile editing to its iOS app. Profiles are used by SoundCloud creators to showcase work to potential collaborators and the industry, as well as to connect with fans in real-time. SoundCloud offers creators more control of their online profile than most other streaming services. Now they…