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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Category archives: Music industry
Could Hip-Hop’s Next Global Superstar Emerge From India?
Mass Appeal India, a joint venture spawned out of Universal Music and Nas’ record label, sees immense potential in a market the industry has traditionally overlooked.
Rolling Stones
African musicians share strategies amid coronavirus
Music In Africa spoke to a number of African musicians, and one artist manager, about how the coronavirus has affected their livelihood and what they plan to do to weather the storm.
Music in Africa
Musicians ask Spotify to triple payments to cover lost concert revenue
Bandcamp relaxes charges in light of Covid-19 but there is growing pressure on streaming services to compensate artists more fairly.
The Guardian
Les ventes d’albums n’ont jamais été aussi basses depuis… 1960
Alors que l’épidémie du coronavirus sévit lourdement dans le monde entier, les répercussions se font ressentir dans l’industrie musicale.
Konbini
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…