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As the most followed woman on Instagram with a staggering 429 million followers, Selena Gomez has never been much concerned with social media success. “I’ve never really cared about that stuff,” Gomez said at Universal Music Group and Thrive Global’s Music & Health Conference on Tuesday afternoon. “I suppose I’m grateful for the platform, and…
Universal Music Group — the music label behind Sting, The Weeknd, Nicki Minaj and Ariana Grande – has decided to embrace artificial intelligence, rather than only fight the new technology. UMG has signed a deal with sound wellness company Endel to enable its roster of artists to use proprietary AI technology to create mood music soundscapes…
Universal Music Group Chief Says Talks Are Underway With Streaming Giants Over Artist Pay Universal Music Group has posted higher fourth quarter revenues and adjusted earnings as the major label was lifted by the latest releases from Taylor Swift, SEVENTEEN and Lil Baby. The music major, led by chairman and CEO Lucian Grainge, saw overall…
Paul McCartney’s Life After Beatles Breakup to Be Focus of New Documentary From Oscar Winner Morgan Neville Paul McCartney is getting the documentary treatment from Oscar-winning filmmaker Morgan Neville. Neville helped announce the news Saturday afternoon inside Milk Studios, host of Universal Music Group’s star-studded artist showcase, an annual Grammy weekend event presented by chairman…
“Capitol Records severs ties with ‘virtual rapper’ FN Meka after outcry” Capitol Records dumped a popular TikTok “virtual rapper” it had just signed after the AI program’s use of the N-word in its songs sparked outrage from activists who called the act a “direct insult to the black community.” The virtual rapper, a black avatar…
“Ex-Disney CEO Bob Iger enters the metaverse via Genies investment” Former Disney CEO and chairman Bob Iger is joining the metaverse. Iger, who left Disney last year after 16 years, is investing and joining the board of metaverse startup Genies, the company said on Monday. The Los-Angeles- based Genies, popular among A-listers like Rihanna, Lil Nas…
“#Universal Music aims to make money in metaverse with artist NFTs” Universal Music Group has struck a partnership with NFT platform Curio to develop non-fungible token (NFT) collections for its record labels and artists, the companies said on Thursday. The deal is a major move into a potentially new revenue stream by the world’s largest music company, which, like its…
“#Music labels clamor to buy pricey Sting and David Bowie catalogs” Major record labels are clamoring to acquire the song catalogs of rock ‘n’ roll icons — and they’re poised to shell out hundreds of millions of dollars to get the deals done. Universal Music Group, the world’s largest record label, which reps the likes…
“#K-pop mega group BTS drops Sony for Universal” South Korea’s BTS has signed a new distribution and marketing deal with Universal Music Group , the world’s biggest music label, dropping Sony Music’s Columbia Records, the music band’s manager said on Friday. Hybe Co Ltd-owned Bighit Music, which manages BTS, did not disclose the financial terms of the deal…
“#Universal Music Group’s shares jump in stock market debut” Shares of Universal Music Group soared more than 35 percent in the company’s stock market debut in Europe’s largest listing of the year to date. The world’s biggest record label, which represents musicians like Lady Gaga, Taylor Swift and Billie Eilish, traded around $29.32 a share…