Another Universal Music Digital Executive Is Out…

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David Ring, EVP of Global Digital Business, is out at Universal Music Group. This comes just days after his boss Rob Wells, President of Global Digital Business, announced his resignation.

According to re/code, Ring says he will continue to advise UMG. Ring said:

“It has been my sincere privilege to have had the chance to help UMG and its talented labels and artists navigate the massive changes required to transition from the CD business to the exhilarating digital business of today and tomorrow”

These departures suggest that UMG isn’t happy with the way the transition has been handled. Chairman Lucian Grange recently spoke about streaming services, saying: Ad-funded on demand will not sustain us or the entire ecosystem.”

Further changes at UMG can be expected.

 

Nina Ulloa covers breaking news, tech, and more: @nine_u

 

Image by Luc Legay, used under Creative Commons 2.0 (CC BY-NC-SA 2.0)

17 Responses

  1. Willis

    Can we stop using words like “ecosystem”? It’s just obnoxious pseudo-tech speak that makes people think they are smarter than they are.

    When analyzing the core ethos of this synergistic innovation it becomes apparent that going beyond the walled garden into a matrix based vertically integrated platform, would indeed provide robust forward-thinking strategies needed for prime efficacy; creating a branded, cloud based, multi-modal digital ecosystem for our out of the box cyber constituents, adding stickiness, and greatly increasing end-user engagement.

    Reply
    • Anonymous

      I would also like to ban the word: Buckets

      Sitting in meetings listening to holier than thou intellectuals making reference to Buckets makes me gag.

      Reply
      • Who's Next?

        It looks like Lucian Grange got a calculator and it’s time for the boys to go…

        Reply
        • steveh

          I still don’t understand why Lucian Grange didn’t get his calculator out in 2009 when Spotify first burst onto the UK scene. I guess I never will.

          Reply
          • Remi Swierczek

            If you are clueless about business calculator will not help.
            The highest priority for UMG excs is next Grammy or other celebrity event.
            I am afraid Afghani goat trader could deliver better results with or even without abacus!

    • Anonymous

      And we need to start differentiating between artists and enetertainers… so long as the major mono conglomerates maintain their control over mass media they will eventually convince the world that their entertainers are artists and thus obtain full mono power and control allowing them to further rule and reign, changing what art and artists are, turning corporate dosh commerce fronted by entertaining actors into what art and artists are, would be a terrible pity, as talented and good at their corporate job as they are…

      Reply
    • Anon

      Well, an ecosystem is probably the best word to describe it. Sounds like you’ve been in one too many meetings, but I get where you’re coming from…

      Reply
  2. Anonymous

    Oh, poor guys!
    I thought it was Mr. Keeling killing music.
    …well more changes expected!

    Reply
  3. Anon

    “Ad-funded on demand will not sustain us or the entire ecosystem.”…unless we own a piece of the DSP, then we will make hundreds of millions when it goes public or is sold.

    Reply
  4. FarePlay

    As revenue spirals down from licensing deals, the major labels at some point may be looking at class action lawsuits from the artists they represent. Is there a conflict of interest when equity deals/signing bonuses are part of the negotiation process to determine streaming rates and those side deals are not shared with the artists?

    Or made public.

    Reply
    • Remi Swierczek

      It’s mature for class action right now!
      Another class-action from shareholders for lack of creativity and GROSS MISMANAGEMENT OF GOODWILL!

      Reply
  5. Blastjacket

    The last department standing is going to be puzzling, business affairs or finance?

    Reply
  6. Anony

    I wonder if Ring being a flaming, abusive asshole came into the departure equation?

    Anyone who thinks UMG is cleaning house due to digital deals should have their head examined. Nobody has benefitted more from digital than UMG, from cleaning out competitors and picking up market share, to investments in startups like beats, to ransomimg VC money in the form of advances and revenue guarantees. Lucian can talk all he wants about being uncomfortable w free music. Meanwhile his perks and bonus are all juiced by it. It’s all lip service.

    Reply
    • Irving Mindreader

      I’ve never had a bad experience with Ring, ever. David has always been open minded, forward thinking, and receptive to creative solutions. He’s tough and smart, but he listens before deciding. Rare qualities.

      The rest of what you wrote is spot on, in spite of all that’s been said by others. UMG Global Digital Business is revered at Sony, Warner, et al. David and Rob will have no trouble finding new roles in the ecosystem.

      Yes, ecosystem.

      Because that’s what it is.

      Reply
  7. Maugarz

    So it took Lucian all this time to figure this out haha Hilarious.

    Reply
  8. Spaceman

    Her music along with many others is junk anyway and won’t be around in 5 years. She will be begging to be put back on Spotify in the future.

    There will always be torrent files.

    Reply

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