Streaming revenue, given a boost from hits by Miley, SZA and others, boosted recorded music and publishing revenue in a record-setting year.
Growth in first quarter coming largely from investments and paid streaming overseas, especially in Asia Pacific and Latin America.
Val Blavatnik has served in roles at LionTree, TV production company Eden Productions and previously worked in the music industry as an artist manager.
"The songs are sick, the music is gigantic, and the risks were off the charts," Taylor says of his follow-up to 2020's CMFT, due later this year.
With the "right incentive structures," platforms can eliminate "unauthorized, unwanted, and infringing content entirely," says the CEO.
Sales by Morgan Wallen, Taylor Swift and other artists boost UMG's recorded music and publishing divisions.
The experimental artist signed with the label in 2021.
"Cupid" shoots onto mainstream charts on both sides of the Atlantic.
The highly respected Pérez worked for over two decades at Universal Music.
The next step in K-pop’s growth may lie not in music itself, but in exporting K-pop’s disciplined development, production and promotion model.
