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 […]
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 […]
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 Even decades into the digital age, outdated systems and antiquated crediting procedures (email chains and […]
Warner Music Group (WMG) expects its fiscal-year 2020 revenues to top $4.4 billion – a figure that’s relatively close to investor forecasts and, in spite of the COVID-19 pandemic, in line with FY 2019 revenues of $4.475 billion. The Big Three record label detailed its anticipated FY 2020 income and other noteworthy details in a […]
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 […]
Photo Credit: 10/TV Each BTS member has become more than $15 million richer thanks to the immense success of Big Hit Entertainment’s IPO. Last month, we reported that Bang Si-hyuk, founder and co-CEO of the 15-year-old Big Hit agency, had given the seven stars of BTS 68,385 shares apiece ahead of his company’s long-awaited debut […]
Photo Credit: The Music Center The Music Center has received a $25 million gift from Jerry and Tina Moss to benefit new programming initiatives. Thanks to the generous donation, the arts organization in Los Angeles will establish a yearly free summer concert, open to all. It will be held outdoors in the newly named Jerry Moss […]
Rapper Polo G has revealed that he now charges $85,000 for a single feature appearance — a rate that he anticipates will continue to climb. Polo G detailed his substantial feature appearance fee in a recent tweet, writing: “Features 85 Rackzz, but the price keeps going up,” followed by a trio of upward-trend-chart emojis. Additionally, the […]
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 […]
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. […]