Along with ABKCO and Concord, the music giant accuses TuneCore and its parent Believe of willfully infringing their copyrights to grow its business in a $500 million complaint.
As streaming growth slows in mature markets, the majors are increasingly looking to labels, catalogs and services in emerging markets overseas.
Releases by Sabrina Carpenter and Chappell Roan, subscription revenue gains and lower costs led to revenue growth and improved margins for the music giant.
IMPALA and several associate national trade groups say the acquisition represents “unchecked concentration in the music market.”
Completing the acquisition of [PIAS] “enhances our ability to support the independent artist and label community globally,” said UMG's Boyd Muir.
Completing the acquisition of [PIAS] “enhances our ability to support the independent artist and label community globally,” said UMG's Boyd Muir.
As part of restructure, UMG is breaking out the Latin artist services agency as a standalone global division, managed independently from local labels.
UMG succeeded in providing a vision for the future of streaming and believable financial targets, according to a handful of equity analysts.
The world's largest music company launched a "Streaming 2.0" strategy and is talking to Spotify about its premium subscription offering.
"Together, we're making sure that every voice is not just heard, but impossible to ignore," says HeadCount's executive director.
