Vivendi Posts 14% Increase on Revenues in 2019, Bolstered by Universal Music Group

Warner Music Group is putting its plans to go public on hold while the stock markets shake from fears of a pandemic, according to a report by Reuters on Monday (March 2). Parent company Access Industries had planned to raise $100 million through a public s

Universal Music India has promoted Vinit Thakkar from senior VP to the newly created position of COO, India and South Asia. Thakkar was instrumental in the launch of the VYRL Originals label, alongside Bollywood filmmaker Mohit Suri.

Pusha T is looking to take on a new challenge in the music industry. As HipHopNMore notes, he announced on Monday, February 25 that he’s launching a new label, titled Heir Wave Music Group, and has already signed Petersburg, Va. rapper Kahri 1k.

A cryptic clapback? Baker Mayfield’s wife, Emily Mayfield (née Wilkinson), seemingly reacted to the claims that her husband cheated on her with a fan.

Entertainment executive Jovan Dawkins is announcing the launch of inspirational label Legacy Music Group. Heading the label’s A&R division as president is Grammy Award-nominated singer-songwriter and Dawkins’ cousin Eric Dawkins.

Wolfgang Van Halen is one step closer to his long-awaited solo album.

Reba McEntire announced the return to her original label home, Universal Music Group Nashville, on Thursday afternoon (Feb. 20) during a surprise performance at the 11th annual Team UMG at the Ryman event at Country Radio Seminar 2020.After nearly two hours of performances from the UMG roster, Executive VP of Radio Promotion Royce Risser shared the official news of the label’s latest signing.

Warner Music Group's recently-announced plan to go public took the music industry by surprise. One detail included in the company's initial public offering (IPO) should also raise eyebrows: The glaring lack of diversity on its board of directors.Of the combined 18 total executives and board members listed in the company's Feb.

On Wednesday (Feb. 19), Alejandro Duque, managing director of Universal Music Latino, Machete and Capitol Latin, appointed Carlos Perez and Aldo Gonzalez to vp of PR and promotion and vp A&R of Universal Music Latino, Machete Music, Capitol Latin, respectively. Both Perez and Gonzalez are based in Miami and will report directly to Duque.

Newly formed publishing company Endurance Music Group acquired Wide Open Music from owner Ash Bowers, adding singer-songwriters Jimmie Allen and Matt Stell to the Endurance roster, Billboard Country Update learned exclusively.The deal doubles the Endurance writing staff to 10 composers and brings in a catalog that includes the hits "Best Shot," "Prayed for You," "In Case You Didn’t Know" and "Close Your Eyes." The agreement frees Wide Open to focus on its management functions for clients Allen,

Universal Music Publishing Group has unveiled its next generation royalty portal, which the company claims is taking publishing data and analytics to a heretofore unseen whole other level. 

Back in 2008, a massive fire burned down a Universal Music Group building leading to the damage of thousands of recordings, the details of which only came to light in a New York Times report from last year. Now, the label is confirming that recordings by artists like Nirvana, Beck, Slayer, Soundgarden, R.E.M., and Elton John were damaged or completely destroyed in the fire, according to legal documents obtained by Rolling Stone.

Soundgarden's attorneys have accused Universal Music Group of "improper discovery gamesmanship" after being told that only 19 artists -- including Nirvana, Beck, R.E.M, Sheryl Crow, Bryan Adams and Elton John among others -- had masters destroyed or damaged in the fire.

The Universal Music Group's revenues passed $7.7 billion (7.16 billion euros) in 2019, up 14 percent at constant currency thanks to another strong surge in streaming revenue, which was up 21.5 percent year over year.Recorded music revenues were up 11.6 percent year over year, while the publishing division's revenues increased 9.2 percent, both at constant currency.That represents another strong year for the world's biggest record company, which finished 2019 by completing the sale of 10

The Universal Music Group's revenues passed $7.7 billion (€7.16 billion euros) in 2019, up 14% at constant currency and perimeter thanks to another strong surge in streaming revenue, which was up over 20% year over year.Recorded music revenues accounted for $6.11 billion (€5.6 billion) of UMG's total take, up 11.6% year over year, while the publishing division's revenues topped a billion -- $1.14 billion (€1.052 billion) -- an increase of 9.2%, both at constant currency and perimeter.That

Buried in Vivendi’s earnings report released today is the blockbuster news that its subsidiary Universal Music Group is planning an IPO within the next three years. Vivendi recently sold 10% of UMG to a consortium led by Tencent Holdings Ltd for $3.3  billion, a sum that values the company at a whopping $33 billion.

After 37 years in leadership positions at the Capitol Christian Music Group and its predecessor companies, chairman/CEO Peter York has set a retirement date of March 31.

Taylor Swift has signed an exclusive global publishing agreement with Universal Music Publishing Group.

Warner Music Group today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock.  According to the announcement, the shares of common stock to be sold in this offering are proposed to be sold by certain of Warner Music Group’s stockholders.  The number of shares of common stock to be offered and the price range for the proposed offering have not yet been determined.