YouTube to host ‘Lover’s Lounge’ live event for Taylor Swift

Taylor Swift’s new album ‘Lover’ drops on 23 August, and she has teamed up with YouTube for a live-streamed event the day before called ‘Lover’s Lounge (Live)’. It’ll see Swift performing a new track from the album, taking part in a Q&A, and plugging her collaboration with Stella McCartney on a new clothing range. At […]

Executive moves: Adam Block and Per Sundin take new roles

The revolving door between major labels and streaming services continues to spin – and it IS a revolving door: UMG’s recent hiring of Spotify’s Mike Biggane as its EVP of music strategies and tactics shows the flow isn’t one-way. Amazon Music announced yesterday that Adam Block is its new global head of music catalogue. It’s […]

Streaming still paying off for UMG with 18.6% revenue growth

Stop us if you’ve heard this one before: streaming is paying off rather well for the world’s largest music company. Universal Music’s revenues grew by 18.6% year-on-year for the first half of 2019, according to yesterday’s financial results from its parent company Vivendi. The company’s revenues were €3.26bn (around $3.68bn), with UMG’s recorded-music revenues growing […]

Indies prepare for battle over Vivendi’s UMG sell-off plans

Vivendi appears to be paving the way for its planned sell-off of up to 50% of Universal Music Group to happen in 2020 rather than this year. That’s the gist, at least, of comments made by chairman Yannick Bolloré in an interview with Bloomberg (and reported on by Billboard) maintaining that the plans are proceeding smoothly. […]

Afrobeats star Tiwa Savage signs global deal with UMG

Universal Music wants to build its business in Africa: that’s been clear for some time now. In July 2018 it announced an expansion in French-speaking Africa with a brief to sign up emerging artists there, as well as launching Universal Music Nigeria as a hub for its expansion in western Africa. There too, signings were a key part of […]

UMG licenses to uduX, a new Nigerian music streaming service

Yesterday we reported on music streaming service Boomplay raising $20m to expand across the African continent having signed a licensing deal with Warner Music Group last month. Now uduX, a new streaming service based in Nigeria, has signed its first licensing deal with a major label – Universal Music Group. (UMG was also the first […]

UMG gets a new CIO while Deezer appoints a new COO

In today’s data-rich (some would say data-overloaded) music industry, the role of chief information officer – CIO – is increasingly important for large music companies. So Universal Music Group’s appointment of Dan Morales as its CIO is notable news. He joins from a similar role at eBay. “With Dan as CIO, we are adding an […]

UMG boss on smart speakers: ‘Have the title in the chorus’

We reported yesterday on UMG boss Sir Lucian Grainge’s keynote at the Mobile World Congress show in Barcelona. Now more details are emerging about what he talked about, including non-mobile devices like smart speakers. Grainge talked about the challenges for labels of a voice-driven world. “Our experience is people can’t ask for a song when […]

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