billboard.biz–
Trans World has received a commitment from Bank of America and other lenders to provide a $100 million revolving credit facility; deluxe CDs accounted for 27% of Universal’s sales from its biggest new releases in 2009; the one item pertinent to media companies Google’s Q1 earnings; and more.
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latimesblogs.latimes.com–
The lawsuits may have stopped, but that doesn't mean the music industry and its trade group the Recording Industry Assn. of America has toned down its crusade against unsanctioned peer-to-peer file-sharing. Negotiations, label and lobbying sources say, have been underway with Internet service providers for more than a year, as the U.S. music industry is pushing ISPs to follow the leads of many European countries in adopting policies that limit or curtail Web access of those who are deemed...
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blogs.wsj.com–
Universal Music Group pulled its music videos from MTV’s websites starting earlier this week, the two companies said Friday, as talks over new licensing terms broke down.
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billboard.biz–
Universal Music Group's revenues for the first half of 2010 declined to €1.9 billion ($2.4 billion), down 5.4% on a year earlier. The decline was 7.9% on a constant currency basis.
In parent company Vivendi's first half results, it said that UMG benefited from strong growth in merchandising sales and increased digital sales, but that overall results were hit by fewer major local and international releases and reduced demand for physical product.
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Popped by
Ghost
1 year ago
billboard.biz–
In a time when flat is the new up, Universal Music Group is having a pretty good year.
In the third quarter of 2010, the UMG's revenue was up 6% (down 3% at constant currency) to 1.03 billion euros ($1.39 billion). Earnings before interest, taxes and amortization (EBITA) was up 47% (up 34% at constant currency) to 85 million euros ($116 million). The company's earnings were released on Monday with the quarterly results of parent company Vivendi.
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billboard.biz–
Universal Music Group is expected to undergo another round of layoffs today (Jan. 21). The company which counts powerhouse label Interscope Geffen A&M (home to U2,Eminem and Lady Gaga), the legendary R&B shop Universal Motown, Island Def Jam(Kanye West, Bon Jovi and Justin Bieber), and Universal Republic (Florence + The Machine, Colbie Callait), among other subsidiaries, will let go of approximately 60 employees, all from North American territories, sources tell THR.
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billboard.biz–
Music and surf culture ride well together, and it's this mix that has brought together Universal Music Group and Australian-based sports apparel firm Billabong for a global brand partnership.
Through the arrangement, announced Wednesday (April 27) , both companies will collaborate on developing a broad range of services that will see UMG pair its artists with action sports stars.
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billboard.biz–
With flat being the new up, Universal Music Group's first quarter revenue is somewhat of a success story. Revenue for the world's largest music company was down 0.9% to €881 million (US $1.15 billion) compared to the prior-year quarter. Revenue was down 5% at constant currency, which removes the impact of exchange rate fluctuations. Earnings before interest, taxes and amortization dropped 32.4% to €46 million (US $65).
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rollingstone.com–
Universal Music Group, home of superstars such as Lady Gaga, Kanye West, Black Eyed Peas, Justin Bieber and U2, have signed a deal with fashion designer Tommy Hilfiger – though not his clothing company – to develop a line of apparel for high-end boutiques and department stores. Universal and Hilfiger intend to work with artists from the UMG family of labels, which includes Interscope/Geffen/A&M, the Island Def Jam group, Universal Motown Republic, Verve and more.
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billboard.biz–
It seems that 2011 is the Year of the Hack, with all the high-profile data breeches secured against Sony and other organizations by the likes of the recently disbanded LulzSec, Anonymous, and others.
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billboard.biz–
Talenthouse has made headlines the last few months conducting crowdsourcing campaigns for artists seeking new creative vendors. This momentum has led to a label-wide deal with Universal Music Group, which will use Talenthouse's platform to conduct fan-engagement contests.
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billboard.biz–
How badly do U.S. record labels want Spotify to succeed?
Universal Music Group Distribution (UMGD) has created a fan-facing music playlist service that's entirely powered by Spotify's free usage tier. Billboard.biz has learned that the playlist service, called Digster, is scheduled to go live...
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Popped by
Ghost
10 months ago
