VENTURE CAPITAL POST

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

Musicians want laws to protect their work, but platforms like TikTok make it difficult.

The great Abbey Road Studios is entering into the tech industry as it wanted not only to act as a recording studio but also as a music technology incubator. The plan was revealed by the Universal Music Group in a ceremony at the Studio 2 on Wednesday night. It will assure their continued reliability amidst technology era.

The battle over Brazil's telecoms market intensified on Thursday as European competitors Telecom Italia and Telefonica made rival offers for Vivendi's Brazilian broadband business GVT.

Mergers under review by the European Commission and a brief guide to the EU merger process.

Universal Music Group will win EU approval for its $1.9 billion purchase of EMI.

Vivendi's Universal Music Group will offer to sell three music labels belonging to takeover target EMI in a bid to ease EU regulatory concerns about the $1.9 billion deal.

EU antitrust regulators are expected to set out their objections to Universal Music Group's $1.9 billion bid for rival EMI's recorded music unit in the coming days.

Universal Music Group's bid to buy a big chunk of EMI stands to make the world's leading music company an even more formidable force.