DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Lucian Grainge - 4 Grainge - 3 Taylor Swift - 2 Morgan Wallen - 2 Prince - 2 CNN — - 1 Sean “ Diddy ” Combs - 1 ” Rodney “ - 1
Top related locs:
Los Angeles New York khays@insider.com @hayskali South Korean
Top related orgs:
Universal Music - 3 Universal - 2 Thomson - 2 CNN - 1 Universal Music Group - 1 Motown - 1 Ethiopia - 1 Khorram - 1

Search resuls for: "Lucian Grainge"


8 mentions found


☆ Sean ‘Diddy’ Combs sued by male producer who alleges sexual assault
  + stars: | 2024-02-27 | by ( Lisa Respers France | ) edition.cnn.com   time to read: +7 min
Khorram allegedly ordered prostitutes and illicit drugs for Combs and his guests and according to the lawsuit, Jones believed Khorram “aided and abetted” Combs’ sexual assault. “Our attempts to share this proof with Mr. Jones’ attorney, Tyrone Blackburn, have been ignored, as Mr. Blackburn refuses to return our calls. “This was done to ease Mr. Jones’ anxiety concerning homosexuality,” the suit alleges. In a statement to CNN, he called Jones’ allegations “false.”“My lawyer will be handling this going forward,” Stevie J added. Combs was present while Mr. Jones was being assaulted by Cuba Gooding Jr.,” the suit alleges.
Persons: CNN —, Sean “ Diddy ” Combs, ” Rodney “, Rod ” Jones, videographer, Combs, Jones, Combs ’, Kristina Khorram, Sir Lucian Grainge, Justin, Justin Combs, Khorram, Khorram “, abetted ” Combs, “, DeLeon Tequila, Grainge, Habtemarian “, ” Jones, Shawn Holley, Sean Combs, ”, ” Holley, Tyrone Blackburn, Blackburn, “ Justin Combs, Sean, Diddy, Chris Pizzello, Steven ‘ Stevie J ’ Jordan, Stevie J, ’, Oscar, Cuba Gooding, Jr, Mr, “ Mr, ” Gooding, Casandra Ventura, ” Ben Brafman, Ventura, ” Weeks, ” Combs, Rodney Jones, Lucian Grainge, Grainge “ Organizations: CNN, Universal Music Group, Motown, Ethiopia, Khorram, Billboard, Islands, Motown Records, Cuba Locations: New York, Los Angeles
☆ Taylor Swift helps fuel Universal Music Group's third-quarter revenue
  + stars: | 2023-10-26 | by ( Dawn Chmielewski | ) www.reuters.com   time to read: +3 min
[1/2] Universal Music Group logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 26 (Reuters) - Cultural phenomenon Taylor Swift helped fuel revenue at Universal Music Group (UMG.AS) in the third quarter, the world's largest record label said on Thursday. Universal Music and a number of its artists also partnered with YouTube on a Music AI Incubator, to explore how to use the technology to enhance artist creativity. EBITDA for the quarter fell 11.3% to 478 million euros, reflecting the impact of non-cash share-based compensation expenses of 103 million euros during the quarter. Revenue from music publishing rose 17.5% to 491 million euros, while merchandise sales increased 20.1% to 227 million euros.
Persons: Dado Ruvic, Taylor Swift, Swift, Lucian Grainge, Grainge, we're, Morgan Wallen, Olivia Rodrigo, King, Prince, Dawn Chmielewski, Chizu Nomiyama, Jonathan Oatis Organizations: Universal, REUTERS, Universal Music, YouTube, Revenue, Thomson Locations: Los Angeles
☆ Microsoft's Jaron Lanier says AI advancing without human dignity will 'undermine everything', including reality
  + stars: | 2023-10-02 | by ( Kali Hays | ) www.businessinsider.com   time to read: +5 min
The future of AI is set to be "spiritually, politically, and economically" corrosive, Lanier said. He noted that people building AI tech should let go of sci-fi wish fulfillment. He noted that, while this year has been the "year of AI," next year the world is going to be "flooded, flooded with AI-generated music." A deluge of generative AI content, from simple search prompts to eerie deepfakes, is now up for broad government regulation. In addition to AI-generated content nixing human connection found through creative works and causing an eventual collapse of the creative economy, Lanier said AI-generated content that can be perfected and customized also undermines peoples' "sense of reality.
Persons: Lanier, —, Arianna Huffington's, OpenAI's ChatGPT, Lucian Grainge, Grainge, Kali Hays Organizations: Service, Microsoft, Universal Music, Twitter Locations: khays@insider.com, @hayskali
☆ Universal Music earnings boosted by strong sales
  + stars: | 2023-07-26 | by ( ) www.reuters.com   time to read: +1 min
July 26 (Reuters) - The world's largest record label Universal Music Group (UMG.AS) on Wednesday posted a better than expected second quarter core profit margin, boosted by strong sales from artists including Taylor Swift and South Korea's SEVENTEEN. Universal Music's quarterly margin on adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 21.9%, from 20.0% a year earlier, the group said in a statement. Adjusted EBITDA rose by 16.4% to 590 million euros ($653 million), higher than a company-provided consensus of 547 million euros. Universal Music reported revenues of 2.7 billion euros in the quarter, helped by a 10.6% yearly rise in recorded music subscriptions, the company added. Apart from Taylor Swift and South Korean boy band SEVENTEEN, other top sellers in the second quarter were King & Prince, Morgan Wallen, and Stray Kids, Universal Music said.
Persons: Taylor Swift, Lucian Grainge, Prince, Morgan Wallen, Alessandro Parodi, Toby Chopra, Barbara Lewis Organizations: Universal Music, Universal, Thomson Locations: South Korean
☆ Universal Music reiterates AI concerns as quarterly profit slumps
  + stars: | 2023-04-26 | by ( ) www.reuters.com   time to read: +2 min
April 26 (Reuters) - Universal Music Group (UMG.AS), the label representing Drake and Taylor Swift, on Wednesday posted a slump in first-quarter core profit due to compensation expenses, and reiterated concerns over AI-made music. Core profit, or earnings before interest, taxes, depreciation and amortisation (EBITDA), slumped 43.4% in constant currency to 261 million euros ($288.04 million), due to non-cash, share-based compensation expenses, part of an equity compensation plan announced last year. Excluding these expenses, adjusted EBITDA was 522 million euros, up 13.0% on the same basis, and beating a consensus cited by Credit Suisse which had expected 513 million euros. UMG's CEO, Lucian Grainge, has come under shareholder pressure over an "excessive" $100 million pay deal, The Financial Times reported on Wednesday. Labels now face challenges like slowing global revenue growth in recorded music, particularly in established markets like the U.S, while the emergence of AI-generated music adds to their concerns, as many laws do not currently deem the replication of artists' voices as strictly illegal.
☆ Universal Music profit slumps due to compensation expenses
  + stars: | 2023-04-26 | by ( ) www.reuters.com   time to read: +1 min
April 26 (Reuters) - Universal Music Group (UMG.AS), the label representing Drake and Taylor Swift, on Wednesday posted a significant drop in core profit due to compensation expenses, even as sales edged up in the first quarter. Core profit (EBITDA) for the first quarter fell 43.4% at constant currency to 261 million euros ($288.07 million), with the metric's margin also dropping to 10.6% from 20.6% in the same quarter a year earlier. The drop was due to non-cash, share-based compensation expenses of 261 million euros during the quarter, part of a global equity compensation plan announced in the fourth quarter of last year, UMG said. UMG's CEO Lucian Grainge has come under shareholder pressure over an "excessive" $100 million pay deal, The Financial Times reported on Wednesday. The group nonetheless posted higher first quarter sales, helped by growth in recorded music and music publishing.
☆ The CEO of the world's biggest record company just got a new contract with stock options worth as much as $100 million
  + stars: | 2023-04-01 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +3 min
Universal Music's CEO could receive stock options worth up to $100 million under a new contract. He took a annual pay cut to $5 million in the new contract that runs to 2028. Half of the $100 million equity option will be paid out in installments if the share price hits the targets of 26.50 euros, 30 euros, and 38 euros. The stock closed Friday at 23.30 euros in Amsterdam, valuing the company at just over 42 billion euros ($45 billion). Apple CEO Tim Cook collected almost $100 million last year alone, making about $83 million in stock awards, $12 million in incentives and salary of $3 million, CNBC reported.
☆ Universal Music CEO Grainge decries spam music on streaming platforms
  + stars: | 2023-01-11 | by ( ) www.reuters.com   time to read: +1 min
AMSTERDAM, Jan 11 (Reuters) - Universal Music Group (UMG.AS) CEO Lucian Grainge on Wednesday lamented the increasing use of short, low-quality music clips on streaming music platforms, saying they undermine the experience of fans and are aimed at evading royalty payments to artists. In a New Year's note to staff, Grainge said platforms use popular music to entice customers, but algorithms guide them to cheaper "lower-quality functional content that in some cases can barely pass for 'music'." He said Spotify's pioneering launch of a subscription model in 2011 had proved a boon for the industry, but that that was more than a decade ago. "As technology advances and platforms evolve, it’s not surprising that there’s also a need for business model innovation," he said. "We need an updated model... (that rewards) artists, fans, and labels alike."
0 next >>
Total: 8