Music Industry News

BMG Muscles into Germany’s Live Music Market With Undercover GmbH Stake

BMG has muscled its way into the German live-music market by acquiring a majority stake in Undercover GmbH. BMG announced the high-profile purchase today, in a general release. The investment in Braunschweig-headquartered Undercover GmbH – which promotes live events, provides several services relating to in-person entertainment, and sells tickets on-platform – is part of a […]

Music Industry News

Universal Music Is Officially Going Public Sometime In 2022

Back in February, Universal Music Group parent company Vivendi unveiled plans to take UMG public sometime in the next three years. Now, the French conglomerate has signaled that the Big Three label’s long-awaited IPO will arrive in 2022. Vivendi detailed the timetable for Universal Music Group’s stock-market debut – and multibillion-dollar windfall – in its […]

Music Industry News

Is Your Metadata Complete? Muso.AI Wants to Fix the Industry’s Credits Problem by Verifying the Data With Creators Themselves

Despite the accumulation of millions in unpaid royalties and the emergence of several purported solutions, missing credits remain a major problem in the music industry. Muso.AI wants to help the music industry overcome its metadata issues once and for all. Even decades into the digital age, outdated systems and antiquated crediting procedures (email chains and […]

Music Industry News

Beastie Boys Break Their Pledge to Never License Their Music for Advertising — For a Joe Biden Campaign Spot

The Beastie Boys performing live in Barcelona, Spain, in 2007. Photo Credit: Michael Morel The Beastie Boys have broken their longstanding pledge to abstain from licensing music for advertising, as their 1994 “Sabotage” track appeared in a recently released Joe Biden campaign spot. After passing in 2012, Beastie Boys co-founder and bassist MCA (whose full […]

Music Industry News

Latest Music Industry Gigs: Warner Music France, Sony Music Masterworks, Spotify, More

Warner Music France’s new president, Alain Veille. Here’s a recap of recent executive shuffles — including both hirings and in-house promotions — from across the music industry. If you have job shuffle to share, we’re all ears. Send us a note to [email protected] If you’d like to post a job on our Job Board, just send us […]

Music Industry News

BMG Cancels an ‘Unacceptable’ Royalty Deduction — But Will Artists Be Getting That Money Back?

BMG has announced that it will eliminate an “unacceptable” deduction on mechanical royalties, referring specifically to the controlled composition clause that affords record labels a 25 percent or larger share of artist-songwriter residuals. BMG higher-ups unveiled their plan of action against the controlled composition clause this morning, in a statement emailed to Digital Music News. […]