Archive | universal music group

Republic Records retires ‘urban’ from its verbiage

Effective immediately, “urban” is no longer a descriptor that Republic Records will use to classify its “departments, employee titles, and music genres.” The imprint, which is home to Tiësto, Drake, Kid Cudi, and more, announced that it would eliminate “urban” from its verbiage in an Instagram post, in which Republic Records urged “the rest of […]

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Universal details role of new social justice taskforce, donates $25 million

Universal Music Group chairman and CEO Lucian Grainge announced the major label would develop The Task Force for Meaningful Change co-chaired by executives Ethiopia Habtemariam and Jeff Harleston. This was of course spurred after worldwide protests due to the killing of George Floyd on May 25 by the former Minneapolis police officer, Derek Chauvin. The […]

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Universal details role of new social justice taskforce, donates $25 million

Universal Music Group chairman and CEO Lucian Grainge announced the major label would develop The Task Force for Meaningful Change co-chaired by executives Ethiopia Habtemariam and Jeff Harleston. This was of course spurred after worldwide protests due to the killing of George Floyd on May 25 by the former Minneapolis police officer, Derek Chauvin. The […]

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Universal details role of new social justice taskforce, donates $25 million

Universal Music Group chairman and CEO Lucian Grainge announced the major label would develop The Task Force for Meaningful Change co-chaired by executives Ethiopia Habtemariam and Jeff Harleston. This was of course spurred after worldwide protests due to the killing of George Floyd on May 25 by the former Minneapolis police officer, Derek Chauvin. The […]

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Chinese streaming giant Tencent reportedly looks to buy $200 million stake in Warner Music Group

Chinese entertainment giant Tencent is reportedly in discussions to buy a $200 million stake in Warner Music Group ahead of an IPO that is slated for next week according to the Wall Street Journal. The IPO, which is expected to price between $23 – $26 per share, is predicted to give the company a valuation […]

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Warner and UMG take action for Black Lives Matter, donate $100 million and launch social justice task force respectively

Two of the “Big Three” have taken decisive action in the Black Lives Matter movement as a response to the nationwide outcry at racial injustice and police brutality. Following an industry-wide black out dedicated to honoring the deaths of George Floyd and black citizens at the hands of law enforcement as well as collectively pausing […]

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Universal Music Partners with LEGO to develop music-inspired product line

In a recent press release, Universal Music Group (UMG) announced a global partnership with The LEGO Group in relation to an upcoming product line. Set to launch in 2021, the “new suite of LEGO products” will target the next generation of musicians and fans alike, aimed to “reinforce child development and harness the mental and […]

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Universal Music Partners with LEGO to develop music-inspired product line

In a recent press release, Universal Music Group (UMG) announced a global partnership with The LEGO Group in relation to an upcoming product line. Set to launch in 2021, the “new suite of LEGO products” will target the next generation of musicians and fans alike, aimed to “reinforce child development and harness the mental and […]

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Judge dismisses lawsuit against Universal Music Group over lost masters

A lawsuit led by the estate of Tom Petty against Universal Music Group over a 2008 warehouse fire was dismissed by a federal judge earlier this week.  Originally filed by Petty’s widow, Soundgarden, Steve Earle, Hole, and the estate of Tupac Shakur, the plaintiffs sought more than $100 million in damages after alleging that Universal […]

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Universal Music Group shares assistance plan to help hurting music industry

As the touring industry has completely halted and music sales reach their lowest metrics in decades, Universal Music Group has pledged its commitment to helping those affected by COVID-19 inside and outside the music community. UMG has felt the impacts of the global pandemic hit especially close to home as last month chairman/CEO Lucian Grainge was […]

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Universal Music Group CEO hospitalized after testing positive for coronavirus

Sir Lucian Grainge, Universal Music Group‘s chairman and CEO, has been hospitalized following a positive test for coronavirus, Variety reports. The diagnosis comes just weeks after Grainge’s 60th birthday party, where the music mogul mingled with everyone from Apple’s Tim Cook to industry insiders such as legendary artist manager Irving Azoff. Although UMG has yet […]

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Universal Music Group CEO hospitalized after testing positive for coronavirus

Sir Lucian Grainge, Universal Music Group‘s chairman and CEO, has been hospitalized following a positive test for coronavirus, Variety reports. The diagnosis comes just weeks after Grainge’s 60th birthday party, where the music mogul mingled with everyone from Apple’s Tim Cook to industry insiders such as legendary artist manager Irving Azoff. Although UMG has yet […]

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Warner and UMG plot forthcoming IPO

Warner Music Group and Universal Music Group both announced they would like to go public, with the former announcing they already filed IPO paperwork with the SEC. The pending injection of music into the trading space is big news, seeing as two of the three major labels are now heading towards an IPO with Sony […]

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Indie label collective IMPALA to challenge Tencent’s UMG purchase

European non-profit trade association IMPALA has formally announced its plan to challenge Tencent‘s potential Universal Music Group deal—a purchase of up to 20 percent of the global music corporation. The decision from IMPALA comes in light of concerns that the Tencent transaction will impact the entire music ecosystem and risk harming both consumers, independents, and […]

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Indie label collective IMPALA to challenge Tencent’s UMG purchase

European non-profit trade association IMPALA has formally announced its plan to challenge Tencent‘s potential Universal Music Group deal—a purchase of up to 20 percent of the global music corporation. The decision from IMPALA comes in light of concerns that the Tencent transaction will impact the entire music ecosystem and risk harming both consumers, independents, and […]

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Up in smoke: New report shows an estimated 500,000 songs lost in 2008 Universal Studios fire.

A breaking report from the New York Times attempts to parse through the ashes of a 2008 Universal Studios fire, revealing the extent of the devastation the flames had on Universal Music Group’s archives. UMG, one of the world’s Big Three labels, made numerous efforts to downplay the results to the press in the time […]

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Behind-the-scenes video of Avicii surfaces hours after posthumous album announcement [Watch]

On April 5, Tim Bergling‘s team announced they’ll be releasing a posthumous Avicii album, with proceeds going to a nonprofit under his name. Only a few short hours after their announcement, they’ve followed up with an accompanying video giving a behind-the-scenes look into the artist’s younger years, as well as the decision-making that went into […]

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Up-and-coming producer helps teen’s dream of recording a song come true with Make-A-Wish

To support World Wish Day on April 29, emerging Australian electronic producer Wish I Was teamed up with Kara Kuper on their melodically beautiful “Ready To Start” single. Kuper is an 18-year-old whose wish was to record a song—Make-A-Wish jumped in to make it a reality, and up-and-coming producer Wish I Was seemed like the […]

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EDEN releases highly anticipated debut studio LP, ‘vertigo’

There’s something simplistic and unique about rising producer EDEN. Perhaps it’s because he only uses lowercase lettering to title his tracks. Perhaps there’s something more substantive to his “less-is-more” appeal — like the fact that the 22-year-old singer/songwriter/multi-instrumentalist constructs compositions that are both transparent and subdued, yet wildly intense.Dublin-native Jonathon Ng not only caught the attention of Lorde for his i think you think too […]

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YouTube solidifies deal with Sony and Universal, moves closer towards paid service launch

Earlier this month, Bloomberg reported that YouTube‘s music streaming service could arrive as early as March. The service, which has tentatively been titled Remix, has been experiencing delays in its launch due to its failure to negotiate agreements with major music publishers.Negotiations with Sony Music Entertainment and Universal Music Group have been ongoing for quite some time, […]

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