Universal Music Group

Universal Music Group and Spotify Expand Strategic Relationship

Retrieved on: 
Thursday, March 28, 2024
Music, Universal Music Group, Universal Music Publishing Group, UMPG, Social, UMG, Environment

SANTA MONICA, Calif. and STOCKHOLM, March 28, 2024 /PRNewswire/ -- Universal Music Group (UMG), the world-leader in music-based entertainment and Spotify, the world's most popular audio streaming subscription service today announced an expansion of their strategic relationship that will further amplify music discovery and social interaction and enhance fan experiences across the platform for UMG's family of artists and songwriters.

Key Points: 
  • SANTA MONICA, Calif. and STOCKHOLM, March 28, 2024 /PRNewswire/ -- Universal Music Group (UMG), the world-leader in music-based entertainment and Spotify, the world's most popular audio streaming subscription service today announced an expansion of their strategic relationship that will further amplify music discovery and social interaction and enhance fan experiences across the platform for UMG's family of artists and songwriters.
  • To start, UMG artists will have the ability to share teasers of upcoming music on Spotify to increase fan engagement and pre-save activity before a new release.
  • Additionally, a new agreement with Universal Music Publishing Group (UMPG) will enable Spotify to distribute music videos in the US, enabling deeper experiences with the songs, the artists, and the songwriters.
  • Sir Lucian Grainge, Chairman & CEO UMG: "We're excited to broaden our relationship with Spotify through the introduction of new content offerings and collaborations that will bring deeper 'social music' experiences to the platform.

HYBE AND UNIVERSAL MUSIC GROUP ANNOUNCE NEW GLOBAL ALLIANCE

Retrieved on: 
Tuesday, March 26, 2024
Big Machine Records, Weverse, Growth, UMG, Communication, Partnership, Universal Music Group, Scooter Braun, BTS, Debut, HYBE, Life, Geffen Records, The Dream Academy, Music, Hybe Corporation

SEOUL, South Korea, March 26, 2024 /PRNewswire/ -- HYBE today announced an expanded long-term agreement with Universal Music Group (UMG), providing them exclusive distribution rights across HYBE music for the next 10 years. The agreement gives HYBE's roster of groundbreaking artists and successful labels access to UMG's leading global network.

Key Points: 
  • SEOUL, South Korea, March 26, 2024 /PRNewswire/ -- HYBE today announced an expanded long-term agreement with Universal Music Group (UMG), providing them exclusive distribution rights across HYBE music for the next 10 years.
  • Under the partnership, UMG will further collaborate with HYBE's global superfan platform Weverse, bringing more of a direct connection between UMG artists and their fandom.
  • UMG is an iconic music company and together with HYBE, the potential is endless.
  • Sir Lucian Grainge, Chairman and CEO of Universal Music Group, said, "Chairman Bang, Scooter Braun and Jiwon Park have brought an innovative and progressive vision to the industry that underscores music's global power.

PRO-TEK VAULTS CELEBRATES 30 YEARS OF PROTECTING FILM & DIGITAL CONTENT HISTORY

Retrieved on: 
Thursday, March 21, 2024
Archive, The Cranberries, Cranberry, Museum, Partnership, Universal Music Group, Library, Multimedia, Collection, Education for librarianship, Government, Kodak, Music

"A multitude of film and digital formats have been created over the past 30 years and PRO-TEK has been there to support our customers' growing needs," said Doug Sylvester, CEO.

Key Points: 
  • "A multitude of film and digital formats have been created over the past 30 years and PRO-TEK has been there to support our customers' growing needs," said Doug Sylvester, CEO.
  • Through this process, high-profile archive content was remastered and re-released for new commercial opportunities.
  • "We also worked with them to restore classic music videos from Johnny Cash, Bon Jovi, The Cranberries and more.
  • "No audio or video content lasts forever without being properly stored—even digital formats are subject to degradation over time.

Universal Music Group Named to Fast Company's Annual List of World's Most Innovative Companies of 2024

Retrieved on: 
Tuesday, March 19, 2024
Culture, Organization, Congress, UMG, BandLab Technologies, Universal Music Group, Interscope Records, Frank Sinatra, Policy, AI, Def Jam Recordings, Spotify, HAC, Catalog, Music, Deezer

SANTA MONICA, Calif., March 19, 2024 /PRNewswire/ -- Universal Music Group (UMG), the world leader in music-based entertainment has been named to Fast Company's prestigious list of the World's Most Innovative Companies of 2024. This marks the second time in five years that UMG has been named to the exclusive list – a first for any major music company. This year's list shines a spotlight on businesses that are shaping industry and culture through their innovations and setting new standards and achieving remarkable milestones in all sectors of the economy.

Key Points: 
  • SANTA MONICA, Calif., March 19, 2024 /PRNewswire/ -- Universal Music Group (UMG), the world leader in music-based entertainment has been named to Fast Company's prestigious list of the World's Most Innovative Companies of 2024 .
  • This marks the second time in five years that UMG has been named to the exclusive list – a first for any major music company.
  • "While many music industry veterans greeted the arrival of generative AI last year with dread, Universal Music Group (UMG), the world's largest music company, saw opportunity.
  • Alongside the World's 50 Most Innovative Companies, Fast Company recognizes 606 organizations across 58 sectors and regions.

Universal Music Group Named to Fast Company's Annual List of World's Most Innovative Companies of 2024

Retrieved on: 
Tuesday, March 19, 2024
Culture, Organization, Congress, UMG, BandLab Technologies, Universal Music Group, Interscope Records, Frank Sinatra, Policy, AI, Def Jam Recordings, Spotify, HAC, Catalog, Music, Deezer

SANTA MONICA, Calif., March 19, 2024 /PRNewswire/ -- Universal Music Group (UMG), the world leader in music-based entertainment has been named to Fast Company's prestigious list of the World's Most Innovative Companies of 2024. This marks the second time in five years that UMG has been named to the exclusive list – a first for any major music company. This year's list shines a spotlight on businesses that are shaping industry and culture through their innovations and setting new standards and achieving remarkable milestones in all sectors of the economy.

Key Points: 
  • SANTA MONICA, Calif., March 19, 2024 /PRNewswire/ -- Universal Music Group (UMG), the world leader in music-based entertainment has been named to Fast Company's prestigious list of the World's Most Innovative Companies of 2024 .
  • This marks the second time in five years that UMG has been named to the exclusive list – a first for any major music company.
  • "While many music industry veterans greeted the arrival of generative AI last year with dread, Universal Music Group (UMG), the world's largest music company, saw opportunity.
  • Alongside the World's 50 Most Innovative Companies, Fast Company recognizes 606 organizations across 58 sectors and regions.

Tencent Music Entertainment Group Announces Fourth Quarter and Full-Year 2023 Unaudited Financial Results

Retrieved on: 
Tuesday, March 19, 2024
Atmos, Venus, Online, TME, Growth, H.10, RMB, Media, Music, Light, Internet of things, Universal Music Group, Economic development, Dolby Atmos, American depositary receipt, ADS, Translation, Bank statement, Advertising, Investment, Maus, Tourism, QQ Music, USD, Marketing, Video game

For example, we renewed multi-year strategic cooperation with Universal Music Group to provide users with ongoing access to its world-class music catalog with expanded privileges.

Key Points: 
  • For example, we renewed multi-year strategic cooperation with Universal Music Group to provide users with ongoing access to its world-class music catalog with expanded privileges.
  • Capitalized on rising live music opportunities by hosting a growing number of offline music events in multi-faceted performance formats in 2023.
  • Effective tax rate for the fourth quarter of 2023 was 17.3% compared to 12.2% in the same period of 2022.
  • [2] Starting from the first quarter of 2023, online music MAUs include unique mobile and certain IoT devices.

Universal Music Group, Republic Records, & STYNGR Bring Boombox to Roblox - Pioneering Opportunities for Labels and Players

Retrieved on: 
Monday, March 18, 2024
Super League, Attention, Republic, UMG, Luminate, Partnership, Universal Music Group, SVP, JYP Entertainment, TWICE, Senior, Digital, Love, Music, Republic Records, Billboard

SANTA MONICA, Calif., March 18, 2024 /PRNewswire/ -- Universal Music Group (UMG) and Republic Records are proud to announce the launch of Boombox - the first scaled music product across the Roblox platform. An industry and platform first, Boombox, which is designed and powered by Styngr represents the foremost opportunity for labels to dynamically launch playlists and integrate them into the gaming space. Boombox launches with South Korean sensation TWICE on their TWICE Square experience, which is the most visited music experience in Roblox history.

Key Points: 
  • Boombox launches with South Korean sensation TWICE on their TWICE Square experience, which is the most visited music experience in Roblox history.
  • Boombox presents a pioneering opportunity for music labels to curate, distribute, and monetize their offerings on Roblox.
  • This collaboration with UMG, Republic Records and Roblox achieves that by breaking geographical boundaries and integrating music, technology and fan interaction.
  • For more information about the product release and the TWICE Square event, please visit the official Republic Records website or TWICE Square on Roblox.

NTWRK Acquires Complex to Build Next Generation Content and Shopping Experience

Retrieved on: 
Wednesday, February 21, 2024
Luxury, Electronic Commerce, Technology, Digital Marketing, Other Entertainment, Music, Fashion, Retail, Entertainment, Marketing, Celebrity, Advertising, Media, Communications, Audio, Video, Footwear, Social Media, Influencer, Internet, Blogging, Online Retail, Acquisition, Love, D2C, Complex, Culture, BLACKPINK, Universal Music Group, Growth, Capitol Music Group, Commerce, IGA, Interscope Records, Interscope Geffen A&M Records, Partnership

The deal will allow Complex to leverage NTWRK’s marketplace and access culture-obsessed consumers to create a one-of-a-kind experience for a highly engaged audience.

Key Points: 
  • The deal will allow Complex to leverage NTWRK’s marketplace and access culture-obsessed consumers to create a one-of-a-kind experience for a highly engaged audience.
  • NTWRK is a digital platform that offers users unprecedented access to exclusive products while fostering community through livestream shopping.
  • Aaron has extensive experience working with the Complex brand, co-creating ComplexCon alongside Marc Eckō, Complex’s founder, in 2016.
  • “Complex has been a beacon of culture and innovation for over two decades” said Aaron Levant, new CEO of Complex.

Mi5 Recordings Universal Music Group Enters Into A Strategic Partnership with Music City San Francisco

Retrieved on: 
Thursday, February 22, 2024
Social media, Music, Strategic partnership, Tech, Work, Universal Music Group, Partnership, Learning, Universal, History, Heart, Imagination, SAN, Corporation, The Stranglers

Music City San Francisco, a west coast hub and creative space for music in the heart of San Francisco, is entering into a strategic partnership with Mi5 Recordings Universal Music Group and President Ted Mason (former member Modern English, Multi platinum music producer).

Key Points: 
  • Music City San Francisco, a west coast hub and creative space for music in the heart of San Francisco, is entering into a strategic partnership with Mi5 Recordings Universal Music Group and President Ted Mason (former member Modern English, Multi platinum music producer).
  • Music City SF/Mi5 Recordings Universal Music Group will be providing "Space" for the San Francisco/Northern California Music community to see their musical ambitions in music come to fruition, learn all aspects of the industry including recording, producing, business aspects and expectations of the industry and market, learn realistic ambition in music, interact with both local and international music artists and stars and work and communicate with the artists affiliated with Mi5 Recordings Universal Music Group in London, Paris, New York on a regular basis.
  • Universal Music Group, which finances and distributes Mi5 Recordings, is the biggest music label in the world, a 54 billion dollar world wide company owning a majority of today's contemporary artists and the legacy and history of past artists.
  • We intend to create a strategic platform to compete with the International Music Markets of Paris, New York and London.

TOM MARCH TO LEAD CAPITOL MUSIC GROUP AS COMPANY'S CHAIRMAN & CEO FOLLOWING EXECUTIVE'S HIGHLY SUCCESSFUL TWO YEARS AS GEFFEN RECORDS PRESIDENT AND SIX YEARS AS CO-PRESIDENT OF UNIVERSAL MUSIC'S LONDON-BASED POLYDOR RECORDS

Retrieved on: 
Wednesday, February 7, 2024
Smoke, Multimedia, Who, GM, UMPG, Universal Music Publishing Group, Glass, UMG, IGA, CMG, Music Week, Universal Music Group, Hitmaker, Parsa, The Rainmakers, Arjun, Blue Note Records, Brit Awards, Woman, Lizzo, Capitol, Mood, Partnership, Capitol Records, Lorde, Geffen Records, Interscope Records, Pop Smoke, HYBE, EMI Records, Animal, Record, Motown, Ice Spice, Growth, Lil Nas X, Variety (magazine), Swedish House Mafia, GUTS, Capitol Records Building, Yeat, The Rolling Stones, Kali Uchis, Capitol Christian Music Group, Interscope Geffen A&M Records, Virgin EMI Records, Harvest Records, Grammy Awards, About Damn Time, Juice Wrld, Without Me, Blackpink, ABBA, A&R, Florence and the Machine, Capitol Music Group, Montero, Music

HOLLYWOOD, Calif., Feb. 7, 2024 /PRNewswire/ -- Tom March has been appointed Chairman & CEO of Capitol Music Group (CMG), it was announced today by Interscope Geffen A&M Records (IGA) Chairman & CEO John Janick,  to whom March reports.  In his new position, March is responsible for the overall management and direction of the company, which encompasses Capitol Records, Blue Note Records, Motown Records, Astralwerks, Harvest Records and Capitol Christian Music Group.  Concurrently, Janick has appointed Lillia Parsa as Co-President of CMG, joining Co-President Arjun Pulijal, who will continue to focus on the company's artist development efforts.  Parsa will work closely with March in planning the company's creative direction and future growth, including the pursuit and nurturing of partnerships with artist and executive entrepreneurs to broaden and strengthen CMG's connections within the creative community. Both March and Parsa will be based in Hollywood, within the iconic Capitol Tower.  CMG and IGA are divisions of Universal Music Group [UMG], the world's leading music company.

Key Points: 
  • Announcement was made by John Janick, Chairman & CEO of Interscope Geffen A&M Records, following his recent elevation to lead broader portfolio of Universal Music Group's U.S. recorded music business.
  • HOLLYWOOD, Calif., Feb. 7, 2024 /PRNewswire/ -- Tom March has been appointed Chairman & CEO of Capitol Music Group (CMG), it was announced today by Interscope Geffen A&M Records (IGA) Chairman & CEO John Janick, to whom March reports.
  • In his new position, March is responsible for the overall management and direction of the company, which encompasses Capitol Records, Blue Note Records, Motown Records, Astralwerks, Harvest Records and Capitol Christian Music Group.
  • CMG and IGA are divisions of Universal Music Group [UMG], the world's leading music company.