As part of restructure, UMG is breaking out the Latin artist services agency as a standalone global division, managed independently from local labels.
The world's largest music company launched a "Streaming 2.0" strategy and is talking to Spotify about its premium subscription offering.
The duo, with Beard on the West Coast and Wolter on the East Coast, report in to label president and chief creative officer Wendy Goldstein.
The formation of Island EMI Label Group and Polydor Label Group follows a similar reorganization of operations in the U.S.
The new deal will allow Universal signees to develop unique, custom voice models for their personal use in the recording studio.
Also this week: DiMA doubles down on its svp of government affairs, APM Music elevates a sync licensing veteran and Reed Smith adds counsel.
Investor advisory groups Institutional Shareholder Services and Glass Lewis called UMG's remuneration report, which details its top executives' 2023 pay packages, "excessive."
Binetou Sylla, founder of indie label Wèrè Wèrè Music, will lead Def Jam Africa within French-speaking markets on the continent.
The reason why some Universal Music artists are still on TikTok might be explained by a contractual loophole that could become more common.
The deal to give UMG digital distribution rights to HYBE labels will last for 10 years.
