Stat Of The Week: Universal Music Group had its best ever quarter in Q3 2020, generating over $2bn… despite its merch division seeing revenues fall 44.4% year-on-year
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Author archives: Tim Ingham
Round Hill: Our $375m IPO will be good news for songwriters
Josh Gruss and Neil Gillis on their new public fund, Hipgnosis – and the future of music rights ownership
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BMG expands into live music, buying majority stake in German concert promoter Undercover
CEO Hartwig Masuch explained last month that super-fan data was a big reason behind his interest in live
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Universal Music Group just generated over a billion dollars from streaming in a single quarter… during a global pandemic
Vivendi-owned company has already posted over $400m more from streaming in 2020 than it did at the same stage of 2019
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Universal Music Group will IPO in 2022, confirms Vivendi
Music company parent puts firmer date on Universal’s flotation plan
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Warner IPO saw group of senior execs share $593m result from long-term incentive plan
Stock-based compensation realized for long-term employees following successful flotation on the Nasdaq
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Warner Music Group expects annual revenue to top $4.4bn in FY2020, with streaming up over $260m YoY
In a nutshell, WMG is expecting a flat-ish year, with recorded music revenue slightly down and music publishing revenue slightly up
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Warner Music Group raises $250m in debt to fund future acquisitions
New influx of money adds to WMG’s $532m in cash and cash equivalents to boost spending power
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TuneCore has paid indie artists over $2bn to date – and is now paying them over $400m per year
Fresh statistics shine a light on the growth of one of DIY distribution’s biggest names
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L.A Reid sells his catalog to Hipgnosis, joins Advisory Board of Merck Mercuriadis’ related company
L.A Reid has sold 100% of publishing interests and writer’s share of income in his music catalog, comprising 162 songs, to Hipgnosis Songs Fund. In addition, Reid is joining the Advisory Board of The Family (Music) Limited – the related company e…