Pulse Music Group President Maria Egan Departs After 7 Years

Variety Staff Follow Us on TwitterSaban Music Group (SMG), the music company bearing the name of entertainment mogul Haim Saban, has entered into a global administration deal with Universal Music Publishing Group (UMPG), the companies announced today.Running SMG since its July 2019 launch is Gustavo Lopez, himself a Universal Music Group veteran.

Haim Saban, chairman and CEO of Saban Capital Group LLC and spearheaded by CEO Latin music industry veteran Gustavo Lopez."I am thrilled about this new venture. Innovation requires collaboration, and this partnership amplifies our chances for success on a global scale," Saban said about the announcement.Added Jody Gerson, chairman and CEO of UMPG:"We are excited to be partnering with Haim Saban and Gustavo Lopez and Saban Music to create opportunities for their artists and songwriters.

Welp, that didn’t last long!

Jamie Foxx is finally bringing Mike Tyson's story to the big screen. Since the 2014 announcement that Foxx, now 52, would star in a biopic centered on the legendary boxer, the project has been tangled in the web of film development.

Warner Music Group is trading old debt for new debt with a better interest rate and later due date. The music company is conducting a private offering for $535 million of senior secured notes due in 2030 that it expects to close June 29, it was announced Tuesday (June 16).

Naman Ramachandran Universal Music Group (UMG) has expanded its Middle East and North Africa operations by launching new divisions in Morocco and Israel.Universal Music Morocco will operate from Casablanca, led by business development executive Serena Safieddine, who will work alongside UMG’s regional headquarters in Dubai, and report into Patrick Boulos, CEO of Universal Music MENA.The Morocco team will develop projects with Universal Music France, where labels have previously achieved success

Naman Ramachandran Universal Music Group (UMG) has expanded its Middle East and North Africa operations by launching new divisions in Morocco and Israel.Universal Music Morocco will operate from Casablanca, led by business development executive Serena Safieddine, who will work alongside UMG’s regional headquarters in Dubai, and report into Patrick Boulos, CEO of Universal Music MENA.The Morocco team will develop projects with Universal Music France, where labels have previously achieved success

George Floyd's killing on May 25 and the protests that followed, Universal Music Group, Sony Music Entertainment and Warner Music Group all launched multimillion-dollar initiatives to fight racism and support social justice, with pledges to curb bias endured by black artists, executives and staffers. It’s not the first time the business has tried to tackle these problems.

This Is Us cast and celebrities such as John Mayer and Amber Riley paid tribute to the late writer Jas Waters, who died at the age of 39.The This Is Us writers’ Twitter account confirmed Waters’ death on Wednesday, June 10. A cause of death was not revealed.“The entire #ThisIsUs family was devastated to learn of Jas Waters passing,” the statement read.

Variety Staff Follow Us on TwitterPulse Music Group has promoted Ashley Calhoun to senior vice president and head of creative. Calhoun was previously vp of A&R.

Warner Music Group (WMG) bosses have set aside $100 million (£79 million) to help combat racism in the music industry.Company officials launched the fund for charitable causes “related to the music industry, social justice and campaigns against violence and racism,” following calls from stars including The Weeknd to take action amid ongoing protests against racial injustice across the U.S.The fund, which has been established in collaboration with the Blavatnik Family Foundation – the charitable

Over the weekend, Universal Music Group chairman and CEO Lucian Grainge announced the company would convene a social justice task force in the wake of nationwide protests prompted by the May 25 killing of George Floyd.

“This fund will support the extraordinary, dedicated organisations that are on the front lines of the fight against racism"

Shares in the Warner Music Group were up 20.5% on the NASDAQ stock exchange at the close of trading Wednesday (June 3), its first day on the market as a public company under Len Blavatnik’s Access Industries. After being priced at $25 this morning, in line with its projected $23-$26 IPO price, and opening at $27, it finished the day at $30.12, according to MarketWatch, for a market capitalization of $15.36 billion and an enterprise valuation of $17.85 billion, when debt is included.

Lily Allen has accused Warner Music Group (WMG) executives of double standards due to their support of the Blackout Tuesday campaign.

Warner Music Group has set its initial public offering (IPO) price at $25 per share. The size of the IPO has been increased from 70 million shares to 77 million shares.

Warner Music Group is expected to officially begin trading later this morning on the Nasdaq exchange with its initial public offering carrying a $25 per-share price, which means that the company is realizing an equation valuation of $12.75 billion.That will make it the largest stock offering so far this year, and according to press reports in financial and business news publications, it instills hope among Wall Street traders that the WMG offering will help break the dam and bring forth more