UMG has “substantially improved the total value we’ll derive from this relationship,” CFO Boyd Muir said. Some of that value is non-monetary.
“Subscriber growth is the biggest driver of the year-over-year growth rates we see at UMG,” said CFO Boyd Muir.
The new agreement, announced in the early morning, addresses "key changes in several critical areas,” Grainge said in outlining what UMG achieved in negotiations.
Martinez joins the company from Amazon Music, where she carried out campaigns for Bad Bunny, Karol G, Shakira and more.
Rhino will release Dreams Do Come True: When George Benson Meets Robert Farnon on June 14.
The partnership will allow the Detroit star to sign and develop talent for his own label.
The format will generate over $1 billion this year — so why aren’t artists selling limited-edition releases that drop before the streaming date?
Binetou Sylla, founder of indie label Wèrè Wèrè Music, will lead Def Jam Africa within French-speaking markets on the continent.
NewJeans and more HYBE artists are scheduled to release new music amid the K-pop power clash.
Big Loud will provide country radio promotion and other support for the country superstar's releases.
