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Search Results for: "universal music group"

Universal Music Group Makes Election Day a Company Holiday

Dylan Smith
July 20, 2020
3
Photo Credit: Element5 Digital Universal Music Group (UMG) has officially deemed Election Day a company holiday for its United States-based employees. The Task Force for Meaningful Change – established by Un... Read More...

Universal Music Group, Warner Music Group, Sony Music Entertainment Unilaterally Support the Justice in Policing Act of 2020 — Here’s Their Statement

Paul Resnikoff
June 17, 2020
Universal Music Group headquarters, Santa Monica, CA The 'Big Three' major labels were joined in their support of the Justice in Policing Act by music industry organizations A2IM, ARA, BMAC, FMC, MAC, RIAA an... Read More...
As UMG Sale Talks Slow, Liberty Media, Apple, KKR, and Tencent Emerge as Frontrunners

Universal Music Group Kicks Off $25 Million ‘Change Fund’

Dylan Smith
June 5, 2020
On Monday, Digital Music News was first to report that Universal Music Group (UMG) had formed a social justice task force in the wake of nationwide protests and chaos. Now, the Big Three record label has equi... Read More...
Universal Music Group logo

What Coronavirus Impact? Universal Music Group Posts a Solid Q1

Dylan Smith
April 20, 2020
Despite the far-reaching economic strain and financial impact of the novel coronavirus, Universal Music Group (UMG) posted solid earnings during the first quarter of 2020. French media conglomerate Vivendi, ... Read More...
Tencent fund

Tencent Officially Closes Its $3.3 Billion, 10% Buyout of Universal Music Group

Dylan Smith
March 31, 2020
Photo Credit: Chris Yunker / CC by 2.0 Chinese conglomerate Tencent has officially acquired a 10 percent stake in Universal Music Group (UMG). Tencent and Vivendi, a French conglomerate and UMG’s parent comp... Read More...
Lucian Grainge

Universal Music Group CEO Lucian Grainge Tests Positive for Coronavirus

Paul Resnikoff
March 15, 2020
UMG chairman/CEO Lucian Grainge Universal Music boss Lucian Grainge has tested positive for coronavirus, according to multiple reports surfacing this weekend. Lucian Grainge, who recently celebrated his 60th... Read More...
Tencent Music May Push IPO to 2019

Who Says Warner Music Gets to Have All the Fun? Universal Music Group Says They’re Also Going Public

Paul Resnikoff
February 13, 2020
2
According to the just-released earnings report from Vivendi, a French media conglomerate and the parent company of Universal Music Group, UMG will initiate a Wall Street IPO sometime within the next three yea... Read More...

Tencent Officially Concludes 10% Purchase of Universal Music Group

Colin Cohen
December 31, 2019
2
Tencent announced that it and a consortium of investors had concluded its long awaited 10% purchase of Universal Music Group (UMG) from Vivendi for 3 billion euros ($3.36 billion). The acquisition is still s... Read More...
Tencent Music Halves IPO to $2 Billion

Tencent Talking with Potential Co-Investors for Universal Music Group Bid

Colin Cohen
November 18, 2019
1
Tencent is reportedly looking to find co-investors for its bid to purchase a 10% interest of Universal Music Group (UMG) from Vivendi. According to Bloomberg, Tencent is approaching a number of companies to ... Read More...

For Sale: 10% of Universal Music Group. Price: $3.3 Billion O.B.O.

Marsha Silva
October 18, 2019
1
Universal Music Group headquarters in Santa Monica, CA. Universal Music Group is having a very good year, and it might just get better. For those warning of an industry slowdown, Universal Music Group would ... Read More...
Lucian Grainge

Universal Music Group Forces Courtney Love Out of the Universal Studios Fire Lawsuit — Other Artists Double Down

Paul Resnikoff
August 19, 2019
UMG Chairman Lucian Grainge: Can he make this go away? Universal Music Group has quickly sidelined one of its most vocal critics — but this lawsuit is just getting started. Just last week, the mega-label for... Read More...

YouTube Partners With Universal Music Group to HD Upgrade 1000+ Music Videos — But Royalties Will Remain the Same

Paul Resnikoff
June 21, 2019
In a move that will enhance potentially billions of views, Universal Music Group (UMG) has partnered with YouTube to convert 1,000 or so music videos into high definition. But according to YouTube, the upgra... Read More...
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