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London Calling Podcast Yana Bolder
Universal Music Group generated revenue of €2.75 billion in the third quarter, a 3.3% increase compared to the same period last year despite a slide in streaming sales, according to its latest financial results. The music recording giant said that sales were underpinned by “healthy constant currency growth” across all of its business segments. That was not enough to impress the market, as its share price had fallen by 6% […]
Investment bank BNP Paribas has carried out a detailed examination of the prospects for Universal Music Group (UMG). The bank has upgraded UMG to ‘Neutral’ as far as its investment advice is concerned and has given a Target Price for its shares of €23 (currently trading at about €24.70). Its results are due on October 26th. The bank says it has been impressed by the progress UMG has made in […]
Universal Music Group and two other music companies have filed a lawsuit against artificial intelligence startup Anthropic, alleging what they describe as “systematic and widespread infringement of their copyrighted song lyrics.”The suit was filed in a Tennessee court, and alleges that Anthropic scrapes the music companies’ protected content without permission.The plaintiffs allege that when users ask Anthropic’s AI chatbot, Claude, about Katy Perry’s “Roar”, the bot can generate “almost identical” […]
"Our orchestra shows how the two communities can come together through music."The passion of 15-year-old Cara is written all over her face as she takes her handmade violin from its case.She is one of the youngest musicians in the Cross Border Orchestra of Ireland.Cara and more than100 other young musicians have been rehearsing in Dundalk, in the Republic of Ireland, ahead of a series of concerts.Cara, from County Down, plays […]
An individual uses BandLab, the parent of which has inked an AI partnership deal with Universal Music Group. Photo Credit: BandLabUniversal Music Group (UMG) has officially partnered with the parent of music-creation platform BandLab on an “expansive, industry-first strategic relationship” involving “ethical” AI. The Big Three label and Singapore-headquartered BandLab Technologies formally unveiled their AI tie-up this morning. Of course, the deal has arrived as all manner of AI-powered music […]
Almost one week after Hamas terrorists murdered over 260 civilians at an Israeli music festival, the Big Three labels and the Recording Academy have finally released statements on the deadly attack and the overarching conflict. Despite a history of quickly and vocally weighing in on all manner of divisive social issues, mainstay music industry businesses were conspicuously silent in the wake of the Hamas ambush upon unarmed festivalgoers. Notwithstanding public […]
The end of October – specifically, Thursday, October 26 – promises to be a big one for the global music business.For example: it will be the day (barring some potential calendar shifts) that shareholders in the UK-listed Hipgnosis Songs Fund (HSF), will vote on two important matters: (a) Whether to keep HSF continuing to exist in its present form (i.e. a ‘continuation vote’); and (b) Whether to accept a $440 […]
International Music Day 2023: Music has the remarkable ability to transcend borders, languages, and cultures, uniting people across the globe through its universal language of melody and rhythm. On October 1st each year, music enthusiasts around the world come together to celebrate International Music Day, an occasion dedicated to recognizing the power and significance of music in our lives. This article explores what International Music Day is, why and how it […]
HILVERSUM, Netherlands, Sept. 22, 2023 /PRNewswire/ -- Universal Music Group N.V. (EURONEXT: UMG) announced today that Non-Executive Director Anna Jones has decided to retire from the Board with effect from September 30, 2023 to focus on new professional commitments. The Board is very grateful for Ms. Jones' contributions to the Company.About Universal Music GroupAt Universal Music Group, we exist to shape culture through the power of artistry. UMG is the world […]
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