Frank Briegmann says UMG’s “artist-centric” streaming model and "Streaming 2.0” tiered pricing will drive industry growth.
UMG has argued that nobody takes "outrageous" diss lyrics as statements of fact, but Drake's lawyers say that argument is "doomed to fail" because many people did exactly that.
The team was formed to “enact and amplify the company’s vision for positive change through community engagement, environmental sustainability, events and special projects."
The company's shares dropped on major shareholder Pershing Square’s plan to sell 50 million shares, capping off a rough week for most music stocks.
The sale on the Euronext Amsterdam exchange is separate from Pershing Square’s plan to force a listing on a U.S. exchange.
Universal Music Group and Warner Music Group shares gained following the former’s fourth-quarter earnings release on Thursday (March 6).
Super-premium offerings will allow platforms and labels “to segment and capture customer value at higher than ever levels,” UMG CEO Lucian Grange said Thursday (March 6).
An 8% improvement in recorded music subscription revenue offset weakness in ad-supported streaming.
The codes compliment other identifiers like ISRC for music recordings and ISBN for books.
Also, Live Nation shares gained 3.7% and reached an all-time high ahead of next week’s fourth-quarter earnings results.
