music

UMG Denies Involvement in Drake vs. Kendrick Lamar Beef as CEO Faces Shareholders’ Ire

UMG Denies Involvement in Drake vs. Kendrick Lamar Beef as CEO Faces Shareholders’ Ire

Universal Music Group has denied allegations that it has intervened in the beef between Aubrey “Drake” Graham and Kendrick Lamar Duckworth, while also being under fire after Glass Lewis urged shareholders to revolt against a salary increase for its CEO, Lucian Grainge.

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Sam Ash Closes All 42 Stores After 100 Years

Sam Ash Closes All 42 Stores After 100 Years

Musical instrument retailer Sam Ash announced it would be closing all of its stores by July 2024 after 100 years in the business.

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Universal Music Group Announces Job Cuts After TikTok Deal Talks Fail

Universal Music Group (UMG) announced Wednesday that it would reduce its workforce and streamline operations to save €250 million ($27 million) by 2026.

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YouTube's $1B Royalties Still Not Enough To Make Music Industry Into Super Boom

YouTube has said it has paid the music industry $1bn (£794m) in royalties this year - but record companies have responded by claiming it is not enough.

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More Than 30 Regions Can Now Avail Apple's Music Student Membership

Apple Music student membership is now available to some additional areas in the world.

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Sony Bought Jackson Estate’s Shares for $750 Million, Taking Over Catalogs Including The Beatles and Taylor Swift

The Michael Jackson estate lost its share in the joint venture with Sony Corp. when the music publisher bought Jackson’s share of 50 percent for $750 million. The transaction will wipe out the rest of Jackson’s $500 million debt he left when the artist died in 2009.

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Michael Jackson’s Estate to Receive $750 Million From Sony for Music Catalog Share

Sony will pay $750 million to the Michael Jackson estate for its share in the music catalog. Once the deal is closed, the estate will be no longer in debt.

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Soundcloud Reported Prolonged Losses, With 2014 Loss of $44 Million

Soundcloud's financial report revealed that the company is experiencing significant loss in 2014, and the losses had started from several years before. The 2014 loss was due to large expenses, even though Soundcloud's revenue actually experienced a growth. The company expects to face losses for the next three years, but they are striving to plan strategies to increase income.

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Microsoft Acquired Music Player App "Groove"

Months after rebranding Xbox Music and relaunched it by the name Groove, Microsoft acquired a music player app that goes by the same name. The Montreal-based startup agreed to sell the name and technology to Microsoft, but the details are disclosed by both companies.

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Deezer raises $109 million despite cancelling its IPO plan

Paris-based music streaming service Deezer has raised around $109 million in a Series E round of funding led by Access Industries. The latest funding will help the company to attract more subscribers even after putting their IPO plan on halt.

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Spotify and Genius Collaboration: Displaying lyrics and facts on your screen

Spotify and Genius work together to provide a better and deeper music experience for their users. Fact Tracks shows lyrics, along with annotations from the community or the artist itself.

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Radiohead's Thom Yorke will use BitTorrent to sell new album

Radiohead singer Thom Yorke on Friday released an album via BitTorrent, the British rocker said, marking the first time the online file transfer system often associated with piracy has been used to sell music.

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Twitter removes #Music from App Store, to pull plug on app on April 18

Twitter has taken down its Twitter #Music from the App Store and will officially pull down the curtains on the app on April 18, VentureBeat reported.

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Can Spotify put the spark back to music sales?

Music streaming site Spotify could be the spark that would reignite music sales in Sweden.

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