The 20-stock index gained 2.2% to 1,522.78. It's now up 30.4% year to date.
Last week, the label had Germany’s top 10 albums, also including releases from The Rolling Stones, Stray Kids and Jung Kook.
UMG says it's “patently false" that it took below-market rates in return for a stake in Spotify, but a judge says it wouldn't legally matter if they had.
"Merchants of garbage," live music spending, rosy outlooks and more.
The artificial intelligence company gave a sneak peek of how it might battle Universal Music Group in a looming case over AI-generated music.
Revenue grew 3.3% as reported but 9.9% at constant currency, which accounts for the euro's strength against the dollar and other currencies.
The company is planning changes to its royalty model for 2024 that will disqualify some tracks from payments and increase penalties for fraud.
UMG Commercial Services will handle BMG's vinyl and CD distribution starting in April 2024 as the companies explore "joining forces" in other areas.
Negotiations with major labels are ongoing and slowing down the project's beta release.
The lawsuit is the first major case aimed squarely at whether artificial intelligence platforms can be "trained" on copyrighted music.
