Vivendi Closes $3.3B Sale Of Universal Music Group Stake To China’s Tencent

The deal, which was first announced in December, values Universal Music at €30B ($33B). Universal operates labels responsible for artists including The Beatles, Taylor Swift, Billie Eilish and Nirvana.
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Recording Academy Pledges $2 Million to Coronavirus Relief; Additional Donations Expected

The Recording Academy and its charitable organization, MusiCares, have donated $2 million to assist members of the music industry who are suffering financially from the coronavirus (COVID-19) pandemic. Both the Recording Academy and MusiCares pledged $…

The Music Industry’s First Coronavirus Survivor Describes the Sucky Ordeal

Nobody said coronavirus was a walk in the park. Though it looks like Grammy-winning music producer Andrew Watt is the music industry’s first bonafide survivor. Universal Music Group CEO Lucian Grainge was the first music industry figure to be dia…

SAG-AFTRA Issues Urgent Warning Against Coronavirus Scams

The Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) is warning its members of widespread fundraising scams, which are being perpetrated by third parties who claim to be assisting those in the union. According to an “…

Apple Stores In Lockdown; Apple Employee Tests Positive In Culver City Campus

Apple has closed its brick-and-mortar stores, and one of the company’s Culver City, California, employees has tested positive for COVID-19. Excepting the 42 Apple stores located in China, 464 Apple locations will be out of commission “until further not…

Tencent Music Boasts 39.9 Million Paying Subs — Tops Wall Street Estimates

Tencent Music closed 2019 with nearly 40 million paying music subscribers worldwide. Tencent Music Entertainment Group (TME) runs three different music streaming services in China. Those include QQ Music, Kugou, and Kuwo. TME told investors that its su…