Facing nearly $7 million in damages, will PokerNews and iBusMedia fold in Universal Music Group’s copyright infringement lawsuit? Every so often, PokerNews releases a new podcast. The website, owned by iBusMedia, deals with subjects in the poker […]
Tag: Universal Music Group
Universal Music Group’s Revenues Jump 13.5% as Sales Chatter Intensifies
Thanks to the massive success of UMG ahead of its upcoming sale, Vivendi’s own bottom line rose 5.5% in Q3 2018. Last summer, after discarding the idea of a $40 billion IPO for its major […]
Universal Music Group Is Now Toying With a $40 Billion IPO – Among Other Possibilities
Universal Music Group (UMG) parent Vivendi is now considering a behemoth Wall Street public offering. But that’s just one of several tasty possibilities ahead. Universal Music Group (UMG) could potentially fetch a $40 billion valuation […]
What Streaming Music Services Pay (Updated for 2018)
Find out what top streaming services — including Spotify, Apple Music, and Amazon Music — actually pay per play. Thanks to streaming music services, record labels reported record-breaking revenue last year.  In 2017, the ‘big three’ made […]
UMG Makes $4.48 Million a DAY from Streaming Music
Once again, despite licensing issues with Spotify, music streaming pushes industry revenue way, way up. Universal Music Group reported $1.1 billion in music streaming revenue alone between January and September of this year. This marks […]
Another Digital Executive Leaves Universal Music Group
by Peter Kafka David Ring, one of Universal Music Group’s top digital business executives, is leaving the company. Ring’s departure comes a few days after his boss, digital business head Rob Wells, departed. Both men […]
Google Music Streaming – Would Boost Industry, Says Universal Executive
by Josh Halliday Google’s plans to launch a music-streaming service would give the record industry a welcome boost on its path to recovery, according to a digital executive at Universal Music Group. Francis Keeling, global […]
EMI Says Grooveshark Didn’t Pay It’s Bill, Grooveshark Calls Label “Monopolistic”
The controversy around Groovesharkcontinues. EMI’s recorded music division has suspended it’s deal alleging non-payment. EMI was the only major label who has reached a deal with the controversial music streamer. According to court documents, Grooveshark […]