Universal Music Acquires 30 Percent Stake in India’s Excel Entertainment

Universal Music Acquires 30 Percent Stake in India’s Excel Entertainment

Universal Music India has taken a significant minority stake in leading Indian production banner Excel Entertainment, deepening its push into India’s fastest-growing entertainment market and forging a new pipeline between the country’s local film content and global music distribution. The deal, unveiled on Monday, values Excel at ₹2,400 crore (approximately $290 million). Under the agreement,…

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Lucian Grainge Fires Back at Drake’s “Farcical” and “Nonsensical” Claims That Universal Wanted to Devalue The Rapper’s Brand

Lucian Grainge Fires Back at Drake’s “Farcical” and “Nonsensical” Claims That Universal Wanted to Devalue The Rapper’s Brand

Lucian Grainge‘s patience is seemingly wearing thin as Universal Music Group‘s legal battle with rapper Drake rumbles on. In a declaration letter, filed on Thursday with the Southern District of New York and obtained by The Hollywood Reporter, the all-powerful head of UMG, the world’s biggest music company, fired back at Drake’s latest push to…

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UMG To Move New York Offices in 2027

UMG To Move New York Offices in 2027

Universal Music Group is set to relocate its New York offices, the company announced Tuesday, as the world’s largest music company has signed a lease in the Penn 2 building in Manhattan. UMG is expected to make the move in 2027. The new offices will serve as the headquarters for UMG’s East Coast Republic Collective,…

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#Spotify, Warner Music Strike New Multiyear Deal

#Spotify, Warner Music Strike New Multiyear Deal

Music streamer Spotify and Warner Music Group (WMG) unveiled a new, multi-year agreement on Thursday that covers both recorded music and music publishing. Through the deal, which follows a similar agreement between Spotify and Universal Music Group, the companies said they would “strengthen their joint commitment to artists, songwriters, and fans, as well as the growth of…

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#Universal Music, Amazon Expand Partnership, Vow to “Address Unlawful AI-Generated Content”

#Universal Music, Amazon Expand Partnership, Vow to “Address Unlawful AI-Generated Content”

Music giant Universal Music Group (UMG) and Amazon Music unveiled an expanded global relationship on Monday that they said would “enable further innovation, exclusive content with UMG artists, and advancement of artist-centric principles including increased fraud protection.” The partners said they would “work collaboratively to address, among other things, unlawful AI-generated content, as well as protecting…

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