Major labels and tech companies now earn billions from artists’ work. Well, here’s a small consolation – at least they get to keep the breadcrumbs. Earlier today, for the period ended June 30th, 2018, Warner Music Group (WMG) CEO Steve Cooper re…
Category archives: WMG
Major Record Labels Sue Cox Communications for Over $1.5 Billion
Has Cox Communications knowingly profited from subscribers’ willful copyright infringement? Sony Music, Universal Music Group (UMG), Warner Music Group (WMG), and a host of other labels have filed a lawsuit against Cox Communications. Filed in the US D…
Latest Industry: Cisco, YouTube, Warner, Metallica, Vivendi, Prince, Apple Music, Pandora, TIDAL, More…
Cisco pulls ads from YouTube. Over a fear of sensitive content appearing right after its ads, Cisco has pulled all of its online ads from YouTube. Taking a veiled swipe at the video platform’s past controversies over sensitive content, Cisc…
Latest Industry: R. Kelly, WMG, Spotify, YouTube, Vevo, Janet Jackson, American Idol, More…
Warner Music Group releases its Q2 2018. Warner Music Group Corp. has announced its second-quarter financial results for the period ended March 31st, 2018. Revenue grew 16.7%, or 10.4% in constant currency. Growth in Recorded Music digital, physi…
Warner Music Just Dumped 75% of Their Spotify Shares – A $400 Million Payday
Warner Music Group pulls a Sony and lets go of most of its Spotify shares. But, why? Warner Music Group Corp. has announced that it has sold around 75% of its shares in Spotify. The company received $400 million. WMG CEO Stephen Cooper stated that $3…
YouTube Remix Scores Licensing Deals With Major Labels
With YouTube Remix, parent company Alphabet is one step closer to launching yet-another paid streaming music service. Last week, Digital Music News wrote on YouTube’s upcoming paid streaming music platform. According to “people familiar with the matte…
1,993 Women Think the Swedish Music Industry Has a Problem
Sony, WMG, and UMG commended the courage of the women who spoke out against sexism in the Swedish music industry. Nearly two thousand women have signed their name in an open letter calling for the end of sexual abuse in the Swedish music industry. Amo…
Need Funding? Then Talk to the Ex-President of Warner Music Group
Edgar Bronfman Jr.’s venture capital firm will focus on investing in small-time media companies. Former Warner Music Group President Edgar Bronfman Jr. has started a venture capital firm with longtime investor Daniel Leff. According to Bloomberg, the V…
Warner Music Group Just Acquired Songkick — But They Didn’t Go Near Its Ticketing Business
To avoid pending litigation against Ticketmaster and Live Nation, Warner Music Group chose not to acquire Songkick’s ticketing business. In an announcement last Friday, Warner Music Group has acquired selected assets from Songkick. The acquisition includes the discovery app and website, along with associated trademarks. The deal doesn’t include the ticketing business, however. As part […]
The post Warner Music Group Just Acquired Songkick — But They Didn’t Go Near Its Ticketing Business appeared first on Digital Music News.
Miles Beard and Jeff Vaughn step up to VP of A&R at Atlantic’s APG
The duo have worked with artists including Charlie Puth, Kevin Gates and Young Thug
The post Miles Beard and Jeff Vaughn step up to VP of A&R at Atlantic’s APG appeared first on Music Business Worldwide.