Sir Lucian Grainge on the dilution of the majors’ music on streaming platforms, TikTok’s future and more

Grainge participated in a Q&A on Universal Music Group’s Q3 earnings call last week
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Universal acquires mtheory’s label division; JT Myers and Nat Pastor to run UMG’s global artist services business

Execs appointed Co-CEOs of a new global division, Virgin Music Group
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Producer Tommy Parker inks publishing partnership with 10K Projects, Champagne Therapy and Coup D’Etat Music

‘Tommy is one of the most uniquely gifted talents creating music today,’ said Tony Talamo, co-President of 10k Projects
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UMusic Media Network launched to ‘connect brands and partners’ with exclusive media from UMG

Eight of the world’s top ten-selling artists on the 2021 IFPI global charts were signed to or distributed by UMG labels, including BTS and Glastonbury 2022 headliner Billie Eilish
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Universal’s Web3 label 10:22PM launches NFT collection and virtual world for metaverse band KINGSHIP

Collection of 10,000 NFTs will access to virtual world, plus music, products and token-gated experiences
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