Universal Music
Universal Music Group (UMG) wrapped up 2024 with impressive results, showing a 7.2% year-over-year (YoY) revenue increase in the final quarter, despite some turbulence in ad-supported streaming. The strong performance was largely driven by growth in subscription-based streaming services, underscoring UMG’s ability to adapt to the evolving music industry landscape. UMG’s total recorded streaming revenue […]
Universal Music Group (UMG) and Amazon Music have unveiled an expanded global partnership aimed at transforming the music streaming landscape. The new deal, which emphasizes innovation and enhanced artist protection, is poised to advance UMG’s “Streaming 2.0” strategy, moving beyond the current focus on scaling streaming services to creating more value through diverse subscription tiers, […]
After three years of legal battles, Universal Music Group (UMG) has settled a trademark dispute with the investment platform OpenDeal (which operates as “Republic”) and the blockchain platform Opulous. UMG claimed that OpenDeal’s use of the name “Republic” caused confusion with its Republic Records brand, especially when OpenDeal began offering fractional music investments. On December […]
A coalition of over 600 musicians, including notable names like Tegan & Sara, Amanda Palmer, Open Mike Eagle, and Kathleen Hanna of Bikini Kill, has signed an open letter calling on Universal Music Group (UMG) and other major labels to drop their $621 million lawsuit against the Internet Archive. Organized by Fight for the Future, […]
Universal Music Group (UMG), one of the world’s largest music conglomerates, has just announced the signing of rising Kenyan artist and producer ,Vic West. This strategic partnership not only marks a pivotal moment in Vic West’s career but also highlights UMG’s continued investment in African talent. The deal is expected to catapult the artist to […]
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