Universal Music Group – TOP DAILY NEWS

Jan92025 by adminNo Comments

Jim Jones Deems Drake’s Legal Filings Against UMG And Spotify A “Power Move”

Entertainment

Prince Williams/Wireimage Jim Jones does not differ with Drake filing petitions versus Universal Music Group and Spotify, calling the choice a "power relocation." Throughout a chat on Respectfully: The Justin Laboy Showthe Harlem native shared his take that submitting the petitions-- which Jones and lots of others have actually misinterpreted for real suits-- was a clever organization choice that has no baring on Drake's street trustworthiness, something Capo advises listeners Drake never ever welcomed in the very first location. "There's a great deal of things that happen with someone doing a power relocation like that," he informed Laboy. "Any time an individual like that do...

Jan82025 by adminNo Comments

Cultural significance is huge organization as marketing and home entertainment clash– and M&A is moneying in

Technology

By Seb Joseph - January 7, 2025 - Ivy Liu One subplot worth tracking as M&An increases this year: brand name marketing-- or, more properly, its transformation into a marketing-entertainment mashup. The days of this being simple theory are over. WPP coordinating with Universal Music Group for ad-fueled home entertainment, skill companies muscling into the advertisement market, and the increase of brand-new gamers like Common Interest all make one thing clear: the brand name dollars are no longer waiting-- they're currently there and moving quickly. "For a long while, we've been experiencing the death of the project and the birth of the cultural m...

Nov122024 by adminNo Comments

Pershing Square Has a History of Investor Activism– But Can It Compel Universal Music to Leave the Netherlands?

Entertainment

The Euronext Amsterdam structure. Image Credit: BootuitjesBillionaire business owner Bill Ackman's Pershing Square has a long history of financier advocacy-- however can it oblige Universal Music Group to leave the Euronext Amsterdam? As things stand, the significant label appears to preserve that the response is "no." We formerly checked out the complex circumstance at length, consisting of information referring to Pershing Square's UMG ownership (which presently sits at 10.25% and, for a time years back, was anticipated to include a SPAC play), the push for a pivot from the Euronext Amsterdam, and UMG's action."Pershing deserves to ask for a listing in the United States topic to a Pershing entity selling a minimum of $500 million in UMG shares as part of the listing," Universal Music def...

Nov12024 by adminNo Comments

Universal Music Group Posts $3.12 Billion in Q3 2024 Revenue As Subscription Streaming’s Contribution Remains Flat

Entertainment

Universal Music Group head Lucian Grainge. Picture Credit: UMGIn the middle of continued streaming-plateau issues, Universal Music Group (UMG) has actually published its Q3 2024 financials-- total with flat taped music streaming membership profits and a minor ad-supported income enhancement. These and other intriguing efficiency information emerged in the leading label's just-released third-quarter profits report. As numerous will remember, UMG shares parted with over 20% of their worth in the wake of the Q2 report, relatively due to financier issues about a possible streaming plateau.Consequently, an expansion-minded Universal Music put out an aggressive streaming projection, anticipating an 8-10% yearly subscription-revenue growth on the taped side, going through 2028.To put it simply, t...