Last week, Warner Music Group boss Steve Cooper announced the first new major label deal with YouTube. Now Cooper is reportedly close to cutting a new deal with Spotify. ________________________________ Warner Music Group will likely sign a new deal with Spotify within weeks, sources tell The Post. Universal and indie…
Category archives: Major Labels
Sony Confirms L.A. Reid’s Exit In 6 Terse Words, As Multiple Sexual Harassment Claims Emerge
Two days after it became public that L.A. Reid was exiting his position as the head of Epic Records, Sony finally confirmed the change in a 6 word statement: “L.A. Reid will be leaving the company.” _______________________________________ Just hours after Sony tersely confirmed that Epic Records chief L.A. Reid was…
Universal Music Ties With Tencent In Major Expansion Into China
Universal Music Group and Tencent Music Entertainment Group have entered into a partnership that will significantly expand the international music market in China. _________________________________ Under the terms of a new deal, China’s Tencent Music Entertainment (TME) will distribute music from UMG’s vast global catalog on its popular streaming platforms QQ…
L.A. Reid Out As Chairman, CEO Of Epic Records
L.A. Reid is out as chairman and CEO of Sony’s Epic Records after six years. The axe fell just a month after former Columbia Records boss Rob Stringer became CEO of Sony Music Entertainment. The sudden shift was unexpected given that Reid delivered two #1 albums so far in 2017…
YouTube Plays Offense, Funds Study Showing It Cuts Piracy, Doesn’t Cannibalize Paid Services
As the importance of streaming revenue has increased, so has the criticism of YouTube, Once content to stay above the fray, Google’s video behemoth is fighting back against those who contend that it pays too little and cannibalizes users from other services that pay out more. ___________________________ Admitting there is…
Universal Formally Demands Cancellation Of $30 Million Prince Deal
It has been rumored for weeks. Universal Music Group, unhappy with the speed at which it will have the ability to release key releases from the Prince catalog, has demanded cancellation of its $30 million deal with the Prince Estate. ____________________________________ Universal Music Group has demanded that its $30 million…
CHANGES @ LiveStyle • Warner Nashville • Rhino • UPPM • Wow & Flutter • Big Machine • Kobalt • More
LiveStyle, the company formerly known as SFX Entertainment, has named former label exec Chris Monaco as Chief Revenue Officer, Brand Partnerships, and Sponsorships. Monaco comes from Universal, where he spent four years, most recently as SVP and Head of New Business. MORE: • Warner Music Nashville has promoted Tim Foisset…
Americana Music Awards Names 2017 Nominees [FULL LIST]
Nominees for the Americana Music Association’s 16th Honors & Awards were announced Tuesday at Nashville’s Country Music Hall of Fame. The Milk Carton Kids’ Kenneth Pattengale and Joey Ryan hosted alongside performances by Jason Isbell, Jerry Douglas and Drive-By Truckers’ Patterson Hood and Mike Cooley. _________________________________________ This year’s Americana Music…
Grammys Return To New York City In 2018 [OFFICIAL]
The rumors are true. In celebration of the Grammy Awards 60th anniversary, The Recording Academy is moving "Music’s Biggest Night" back to New York City and Madison Square Garden on Sunday, Jan. 28, 2018. _______________________________ The Grammy’s are moving from LA back to New York City and Madison Square Garden…
Everything You Need To Know About The "Difficult" Warner Music Group, YouTube Deal
Warner Music Group has become the first major label group to sign a new deal with YouTube. And while WMG claims to have obtained better terms than previous Google contracts, its CEO also said the deal was made under "very difficult" conditions. ______________________________________ Here’s all you need to know about…