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Greed, gaslighting and NDAs: How record labels get rich while artists suffer
Record sales were at an all-time high in 2024, and Spotify paid out $10bn in royalties - but most of that money is going to ...
Will the next wave of British music stars break through?
Slinky soul singer Olivia Dean and art-rock band The Last Dinner Party join the gathering convened by Universal Music Group boss Lucian Grainge of the label’s global chiefs, summoned to take a new ...
Spotify: The Road Ahead Is Tough, But It Is Positioned Well
Spotify leads music streaming with record 2024 Q4 results, but faces margin challenges and competition. Read here to know why ...
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Bill Ackman’s Pershing Square to Raise $1.4 Billion From Sale of 2.7% of Universal Music Group
Bill Ackman’s Pershing Square expects to raise $1.4 billion from the sale of a 2.7% stake in Universal Music Group, according ...
Ackman’s Pershing to Raise $1.4 Billion in UMG Stake Sale
A group of Universal Music Group NV shareholders affiliated with billionaire Bill Ackman’s hedge fund Pershing Square is set to raise about €1.3 billion ($1.4 billion) from the sale of about a 2.7% ...
Ackman’s Pershing to Raise $1.4 Billion in Universal Stake Sale
A group of Universal Music Group NV shareholders affiliated with billionaire Bill Ackman’s hedge fund Pershing Square is set ...
Pershing Square files to sell 50M Universal Music shares
Pershing Square Holdings announces the launch of a sale of 50M ordinary shares in Universal Music Group (UMGNF), corresponding to approximately ...
The age of streaming inequality
Streaming apps like Netflix, Spotify, and YouTube are adding more tiers, pushing people to upgrade, and increasingly focusing ...
Half of Spotify’s Royalties Are Going to Indie Artists
Of the $10 billion Spotify doled out to music rights holders last year, it gave about $5 billion to indie labels and artists, the company said, a $500 million increase from 2023.
Women Are Still Vastly Underrepresented as Music Executives, USC Annenberg Study Finds
The percentage of women in senior executive positions across the music industry has not improved and continue to be dominated ...
Music Business Worldwide2d
Universal spent $1bn+ on investments in 2024… and 5 other things we learned on UMG’s latest earnings call
Universal Music Group published its Q4 and FY 2024 results on Thursday (March 6), posting overall revenues in FY 2024 (across recorded music, publishing, and more) of EUR €11.83 ...
With the Top Artists, Global Scale, and Healthy Balance Sheet, Universal Music Is an Industry Titan
The evolution of the streaming business to an artist-centric model that pays the most popular music at a higher rate per stream will benefit the record labels, like Universal, which represents the ...