Music Industry News

Sony Unveils Massive $100 Million COVID-19 Relief Fund

Sony has established a $100 million coronavirus-relief fund to support many who are being impacted by the COVID-19 pandemic.  The fund will benefit first responders and medical professionals, educators and schoolchildren (to lessen the challenges associated with remote teaching, via digital classrooms), and entertainment-industry employees. A substantial portion of the latter, including actors and musicians, […]

Music Industry News

Universal Music Group CEO Lucian Grainge Tests Positive for Coronavirus

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 birthday, is reportedly being treated at UCLA Medical Center for coronavirus symptoms.  Like most cases, it’s difficult to pinpoint where and when the virus was contracted, though […]

Music Industry News

With IPO Plans on Ice, Warner Music Officially Plants a Flag In India

Warner Music India managing director Jay Mehta (photo: WMG) With markets around the world reeling from the ongoing coronavirus (COVID-19) outbreak and corresponding fears, Warner Music has put its previously planned IPO on ice. However, the major label is still working to meet its international growth goals, as Warner Music India has officially launched. In an […]

Music Industry News

TikTok’s Streaming Music Service, Resso, Officially Launches In India — Without Universal Music

Photo Credit: Resso TikTok parent company ByteDance has launched Resso, its long-awaited music-streaming service, in India. Though the platform bears some similarities to TikTok, it’s been tailored to resemble leading streaming services in terms of payments and subscription options. For instance, instead of being completely free to download and use (as TikTok is), Resso utilizes a […]

Music Industry News

Warner Music Group Is Putting Its IPO on Ice — For Obvious Reasons

Warner Music Group owner Len Blavatnik was smart enough to spark a public offering last month — and wise enough to put it on ice this week. Blavatnik, the Ukrainian-born billionaire who presciently purchased Warner Music Group for $3.3 billion back in 2011, savvily decided to go public last month. With paperwork filed with the Securities and Exchange […]