UMG Teams Up With Empire! | MUSIK !D TV NEWS
It has been reported that Universal Music Group has agreed with Empire. Empire is an independent music company who’ve worked with Fat Joe, Remy Ma, Cardi B, and more. The deal declares that UMG and Empire will operate together on elected musician projects from UMG’s labels that will favor from Empire’s unique approach to distribution, digital purchases, advertising, and marketing. Empire provides its high ranked artist assistants’ worldwide radio and publicity support, along
UMG To Go Public? | MUSIK !D TV NEWS
It has been reported that Vivendi, the parent company of Universal Music Group, is contemplating an open offering for the company. This news came from an investor meeting that took place in Paris on April 19. Although, the plan is not official just yet. We will see in the future. “We have started work that will allow us to present the benefits of a potential listing of UMG to the supervisory board.” – Arnaud de Puyfontaine, CEO of Vivendi In 2017, UMG’s revenue upgraded to 10
Are We Saying So Long To Vevo? | MUSIK !D TV NEWS
Currently, YouTube is making a huge adjustment to musician’s channels by developing Official Artist Channels. A musician’s countless official and partly official channels, including their Vevo channel, will ultimately be combined into one. This alteration may be a part of the new licensing bargains YouTube made with Universal Music Group and Sony Music Entertainment. Vevo videos will still be viewable on Official Artists Channels, but Vevo might lose their position on YouTube
Vevo Finally Sees Growth! | MUSIK !D TV NEWS
Vevo’s earnings boosted 30% in 3017 to hit $650 million as the video streaming business broke even for the first time. The company is plurality owned by Universal Music Group with Sony and Alphabet/Google as shareholders. There has been a history of annual losses for Vevo, but they declared that the company would be profitable by early 2018. Advertisers are said to be relocating the business from YouTube, which means Vevo have to rearrange its exclusive partnership. Vevo’s n
Universal Music Wants Your Start-Up! | MUSIK !D TV NEWS
Universal Music Group released “Accelerator Network” to assist music-based startups worldwide. The company will be guiding approved digital music corporations and work with pioneering ‘accelerator’ businesses. “By developing a robust network of accelerators, UMG will play a more central role in helping to support the next generation of entrepreneurs who are already hard at work to bring innovative ideas to market that will create exciting new experiences for artists and fans
Spotify Strikes Another Deal With Warner! | MUSIK !D TV NEWS
Spotify has been getting attention from major label companies lately. They’ve made a deal with Universal and Sony so far. “It’s taken us a while to get here, but it’s been worth it, as we’ve arrived at a balanced set of future-focused deal terms. “ – Ole Obermann, WMG’s Chief Digital Officer. What do you guys think? Was it a good deal? Can Spotify and Warner benefit off of each other? Let us know in the comment section down below. #Spotify #UniversalMusicGroup #WarnerMusicGro
What's The Future Of The Music Industry? | MUSIK !D TV NEWS
The Golden Sachs examiner, Lisa Yang, figures that streaming that streaming will hold for $34 billion of total revenue. The breakdown is $28 billion is from paid subscription and $6 billon from ad-supported streaming services. Yang believes that $4 billion will develop from performance rights, $500 million will be synchronization, $700 million will be physical and downloads. The Universal Music Group & Sony Music Entertainment both not filed in the stock market, but the share
MUSIK !D TV NEWS | Young Money Vs. Cash Money
Based on an article published on Billboard.com on July 5, 2017. Lil Wayne is now stepping on the gas pedal in his dispute with Cash Money Records. On Wednesday (July 5), the hip-hop star filed an amended petition in a New Orleans court, adding Universal Music Group as well as Cash Money co-owners Bryan "Birdman" Williams and Ronald "Slim" Williams to a pending suit that asserts a conspiracy and seeks more than $40 million in actual damages. Additionally, in a move that could
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MUSIK !D TV NEWS | Apple Wants To Pay Labels Less [VIDEO]
Based on an article published by Tim Ingham of Music Business Worldwide on June 21, 2017 For the past two years, Spotify was very aggressive about trying to negotiate the royalty rate it paid record labels down from 55% of revenue closer towards 50%. After two years of negotiations, Spotify finally reached a new long-term licensing deal with Universal Music Group in April. Universal agreed to a smaller revenue share – believed to be around 52% – but Spotify in turn agreed to
With a new exclusives deal, Spotify just gave 50 million people a good reason to pirate music
(By Amy X. Wang | Published on April 04, 2017 for Quartz) Remember in 2014 when Taylor Swift unleashed a flood of rage on Spotify? “Music is art, and art is important and rare,” the singer declared, after removing all her songs from the streaming service. “Valuable things should be paid for. It’s my opinion that music should not be free.” She, along with several other artists, was protesting Spotify’s “freemium” model, which lets some users listen to music without paying and
