Warner, Universal Music join Sony in cancelling unrecouped advances for legacy artists
“[We’ve] announced a legacy unrecouped advances program where, for our artists and songwriters who signed to us before 2000 and didn’t receive an advance during or after 2000, we won’t. Continue reading
Capitol Music Chief Steve Barnett To Retire, New Leadership Named
UMG’s Capitol Music Group longtime Chairman & CEO Steve Barnett will retire at the end of the year after a 50-year career in the music business. Barnett revealed his decision. Continue reading
UMG Scores 9 Albums In Billboard Top 10 For 4th Time
Universal Music Group (UMG) has hit a new record todaym placing nine of the Top 10 albums in the Billboard 200 It’s only the fourth time that’s occurred in the. Continue reading
UMG Launches Ambitious Def Jam Africa
Universal Music Group has launched Def Jam Africa, an ambitious new label division to service artists from the the vast continent’s burgeoning hip-hop, Afrobeats and trap scenes. The label will. Continue reading
UMG To IPO As Annual Revenues Pass $2.28B
An initial public offering (IPO) for Universal Music Group is “currently planned for early 2023 at the latest,” parent company Vivendi posted in a presentation to shareholders. Last week, the. Continue reading
New Universal Music Investors May Not Be What Artists Want
Major labels often receive flack from the artists, and the recent acquisition of Universal Music by a group of private equity investors and China’s Tencent isn’t likely to improve their. Continue reading
UMG Launches Artist Analytics App
UMG has launched an app that gives artists and their teams a personalized view of their activity across major global streaming services and social media. The app includes data from. Continue reading
800+ Artists Lost Tapes In Universal Fire [NY Times]
The New York Times has published a list of over 700 more artists believed to have lost their masters in the 2008 fire that swept the backlot of Universal Studios. Continue reading
