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.
The label is being reincorporated under Capitol Music Group after a short period as a standalone company.
Members of the rock group Weimar, who perform behind masks, have fascist-sounding lyrics and are thought to have anti-Semitic backgrounds.
Under the partnership, Khaled will serve as global creative consultant to Def Jam and UMG.
The event, which features performances from many of the label's emerging artists, also featured trailers for documentaries on Donna Summer, Paul McCartney and Jon Batiste.
The UMG chairman addressed Billboard Power 100 honorees in LA about shaking up the industry from within to benefit creatives.
Sir Lucian Grainge accepts the No.1 spot on Billboard’s Power 100 List at Billboard’s Power 100 Party for 2023.
The two companies announced they will partner to find a new solution to the economic model in streaming. The result could spark an industry-wide change.
