Music Industry News

Warner Music Group Earnings Call Slated for February 1st — Here’s What to Expect

Photo Credit: Unsplash Warner Music Group has scheduled its Q1 FY 2021 earnings call (covering the three months ending on December 31st, 2020) for Monday, February 1st. Here’s a brief rundown of what to expect from the Big Three record label’s latest performance report. Warner Music Group (WMG) announced yesterday, in a formal release, that […]

Music Industry News

Department of Justice Refuses to Change 80-Year-Old ASCAP, BMI Consent Decrees

The Department of Justice (DOJ) has officially refused to change the roughly 80-year-old ASCAP and BMI consent decrees. Makan Delrahim, assistant attorney general for the DOJ’s Antitrust Division, commented on the consent decrees during a remote Vanderbilt University Law School speech, entitled “‘And the Beat Goes On’: The Future of the ASCAP/BMI Consent Decrees.” Significantly, […]

Music Industry News

Warner Music Group CEO Stephen Cooper, Other Execs Receive WMG Shares as Stock Value Surges

Warner Music Group (WMG) CEO Stephen Cooper received 189,856 of his company’s Class A shares this month as part of a “long-term incentive plan,” while other higher-ups received a smaller number of shares, per new Securities and Exchange Commission (SEC) filings. According to the latest stock-grant filing, which is dated January 12th, 2021, Stephen Cooper […]

Music Industry News

UMG Inks Major Licensing Pact With Equinox-Owned Fitness App Variis

Universal Music Group (UMG) has inked a major licensing pact with Equinox-owned fitness app Variis. The Big Three record label and Equinox Media, a subsidiary of the 29-year-old Equinox Group, recently closed the high-profile licensing deal, The Wall Street Journal revealed. Variis, a division of Equinox Media that bills itself as “the world’s most powerful […]

Music Industry News

BMG Acquires 300-Track Recorded Catalog of Mick Fleetwood

Mick Fleetwood performing live in 2018. Photo Credit: Raph_PH BMG has acquired the more than 300-track recorded catalog of Fleetwood Mac cofounder and drummer Mick Fleetwood. The Bertelsmann subsidiary announced its high-profile deal with Mick Fleetwood this morning, in a formal release that was emailed to Digital Music News. BMG’s recorded-catalog purchase encompasses Fleetwood Mac […]

Music Industry News

Capitol Studios Shutters Its Mastering and Restoration Divisions

The 13-story Capitol Records Tower, which houses Capitol Studios, in Hollywood. Photo Credit: Downtowngal Universal Music Group’s Capitol Studios is officially shutting down its mastering and restoration divisions. Word of the 65-year-old studio’s mastering- and restoration-division shutdowns began circulating on social media yesterday afternoon, and a Universal Music official subsequently confirmed the development in a […]

Music Industry News

Hipgnosis Downgraded by Stifel Analyst on Valuation Methodologies, Cashflow Concerns

St. Louis- and London-headquartered investment-banking firm Stifel has downgraded the stock rating of UK-based song-investment fund Hipgnosis due to cashflow concerns and its valuation methodologies. Max Haycock, an analyst at Stifel’s London division, recently downgraded the rating of Hipgnosis (traded as SONG on the London Stock Exchange) to “neutral,” specifying first that he and his […]