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 of 13.3%, informed by growth across all sectors. Recorded music revenue grew by 10.1%, with music publishing growing by […]

The post Universal Music Group Revenues Jump 13% In Q3 as Subscription Revenues Approach $1 Billion appeared first on Digital Music News.

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 27.9% increase in digital royalties aided by the growth of subscription-model streaming, global royalty collections in 2021 were […]

The post Global Creators’ Royalty Collections Up 5.8% — But Still Below Pre-COVID Levels appeared first on Digital Music News.

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 Bonaccord Capital Partners, have acquired a passive minority equity stake in Shamrock Capital — the LA-based investment firm that owns a […]

The post Shamrock Capital, Substantial Owner of Taylor Swift’s Catalog, Sells Minority Stake appeared first on Digital Music News.