Launched in 1984, Universal Music Group's regional Mexican label is home to Los Tigres del Norte, Banda El Recodo and Alejandro Fernández, to name a few.
The Chinese streaming platform says it bought $327 million worth of Universal's stock in mid-March, adding to a stake it had in UMG through a consortium of investors.
Here is a round-up of Universal Music Group, Spotify, HYBE and other music companies' earnings results for the quarter ending March 31, 2025.
Universal Music Group, Spotify, Live Nation and Deezer also posted gains following their quarterly earnings reports.
Despite an uncertain economic climate, CEOs across the business are expressing confidence in music’s ability to endure even as other industries suffer.
The label had argued that Drake's demands for evidence were premature and overbroad, but a judge says the discovery process can move ahead for now.
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.
