A year after the fall of Hipgnosis, the music publishing industry is still closing massive catalog deals and expanding into new territory
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Universal Music Revenue Beats Estimates as Subscribers Rise
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Universal Music’s Subscriptions, Streaming Revenue Beat Forecasts Despite Slowdown
Universal Music Group Revenue Up 7% to $12.8 Billion in 2024
Universal Music Group's earnings show that 2024 revenue was up 7% on streaming subscriptions, merch and more, landing at $12.8 billion for the year.
Universal Music Group announced Monday (March 10) that non-executive director Manning Doherty will step down from the company’s board, effective March 21. Universal Music Group, which represents artists like Taylor Swift,
Universal Music Group NV is close to striking a deal to occupy space at an office tower in the Penn District of Manhattan. The Dutch-based firm is negotiating a lease with property owner Vornado Realty Trust to take 300,000 square feet at PENN 2, according to a report from
Universal Music Group posted strong results from 2024 in earnings announced Thursday, with a 6.5% rise in revenue over 2023 and an 8.2% increase in recorded music subscription revenue (despite a 5.1% drop in streaming revenue from last year),
Universal Music Group's Q4 earnings exceeded expectations. Read here for an update on UMGNF stock's growth challenges, and new deals with Spotify.
The rapper, who settled with iHeartMedia, suspects that the major label made secret payments and offered reduced licensing rates to third parties to promote the song.
Universal Music CEO Touts Streaming 2.0 Deals With Spotify, Amazon: “Where They Go, We Go With Them”
Lucian Grainge and other UMG execs discussed with analysts where future revenue growth would come from as the music giant releases fourth quarter results.
Amazon Music says that "many" independent artists and labels will see their royalties increase under its new payouts scheme.
Universal Music Group is in talks to lease 300,000 square feet at Vornado’s Penn 2 office tower in Manhattan. Vornado Realty Trust is close to landing another large lease at its reinvented Penn 2 office tower. Vornado's CEO Steve Roth indicated that a large lease was imminent and that the building would be 80% leased by the end of the year.
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