UMG reported growth in nearly all segments -- physical excluded -- with recorded music revenues up 10.1% and publishing revenues up 6.9%.
Investors bet Apple's move will trigger higher prices for streaming industry-wide.
Spotify and Universal Music Group should have much to say about the direction of the music business.
Also this week: Epidemic Sound names a CTO and CCO, UMG's °1824 hires a vp of content and more.
StemDrop will give TikTok's more than 1 billion monthly users the chance to create their own songs using music "stems" from an exclusive new track written by Max Martin, Savan Kotecha and Ali Payami.
