Universal Music Group Revenues Jump 13% In Q3 as Subscription Revenues Approach $1 Billion

Universal Music Group reports revenue increases of 13% during Q3 as subscription revenues are nearing $1 billion. Universal Music Group has announced its financial results for the third quarter ended on September 30, 2022, reporting a revenue increase …

Global Creators’ Royalty Collections Up 5.8% — But Still Below Pre-COVID Levels

Global creators’ collections are up 5.8% in 2021 but still below pre-COVID levels, according to the key highlights from the 2022 Global Collections Report by the International Confederation of Societies of Authors and Composers (CISAC). Despite a…

Shamrock Capital, Substantial Owner of Taylor Swift’s Catalog, Sells Minority Stake

Shamrock Capital, the media and entertainment investor that owns Taylor Swift’s masters, sells a minority stake in the firm. RidgeLake Partners, a strategic partnership between Ottawa Avenue Private Capital and Apogem Capital, along with Bonaccor…

Deezer Bumps Monthly Premium Price to $10.99 as Spotify Plots 2023 Raises

Earlier this week, Apple Music raised the cost of its individual subscription to $10.99 in the U.S., and Spotify appears poised to implement a price increase of its own in 2023. Now, it’s come to light that Deezer has likewise upped its premium plan to…