With the "right incentive structures," platforms can eliminate "unauthorized, unwanted, and infringing content entirely," says the CEO.
Sales by Morgan Wallen, Taylor Swift and other artists boost UMG's recorded music and publishing divisions.
Amid growing concerns about the use of copyrighted songs to "train" AI music platforms, UMG says it "will not hesitate to take steps to protect our rights."
The 20-company Billboard Global Music Index rose 4.2%, with more than two-thirds of companies in positive territory.
Republic Records was Billboard’s top record label of 2022. For a long time being signed to a label meant an artist made it into the music industry. But what does a record label actually do? What kind of power do they hold? How do they make a profit? How have they evolved with artists finding […]
The agreement takes the executive from an all-cash compensation package to one that combines cash and equity, including a one-time transition equity award worth $100 million.
Streaming company LiveOne was the Billboard Global Music Index's greatest gainer after rising 13.1%.
As the company explores a new system with Universal Music Group, CEO Jeronimo Folgueira suggests different countries may require different systems.
The new standalone will sit alongside Decca Classics under the Universal Music U.K. umbrella.
UMG also reported publishing revenues rose nearly 35% on the year.
