February, 2024

Universal Music Group is targeting 8-10% annual growth in subscription streaming revenues. Here’s how that might play out.
UMG has announced some important new numbers. If they come true, how might they affect the company's growth? Source...

TikTok on the clock: A timeline of the app’s tumultuous relationship with the current US government
TikTok and the US Justice Department faced off in federal court on Monday (September 16) Source...

Tempo Music sues Miley Cyrus (and half the music industry) for allegedly copying Bruno Mars’ ‘When I Was Your Man’ on megahit ‘Flowers’
Numerous music streaming services, along with Live Nation and Disney, are named as defendants in the copyright infringement suit Source...

Kevin Liles to exit Warner Music Group as big changes at major continue under Robert Kyncl
Liles will leave his full-time WMG role at the same time as Max Lousada and Julie Greenwald Source...

New brands and experiences company Loud House Group launches with ex-Warner Music and Fanatics exec Dan Goldberg as CEO
Loud House Group is backed by investment firm Preface Global Source...

Universal’s direct-to-fan business has been growing at a whopping 33% rate, and 3 other things we learned at UMG’s Capital Markets Day
UMG has revealed it's working with Spotify on the streaming platform's new 'Super-Premium' subscription tier Source...

Read Sir Lucian Grainge’s Universal Music Capital Markets day opening address in full: ‘Streaming will continue to propel many years of industry growth.’
Superfandom, quantum leaps, and fundemental facts... Source...

Beggars and Secretly strike deal with Cargo Records to launch new UK-based indie distribution company
Cargo Independent Distribution will be led by Cargo Records UK founder & CEO Phil Hill Source...

Kaz Kobayashi to step down as President and CEO of Warner Music Japan
Respected exec to move on after 10 years in the role Source...

Sara Lord promoted to Chief Creative Officer at Hipgnosis Song Management
Exec joined the company in early 2023 Source...

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