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Search resuls for: "Universal Music Group's"


6 mentions found


☆ Taylor Swift abandoned UMG's fight, making the record label's argument against TikTok look weaker: report
  + stars: | 2024-04-13 | by ( Hannah Getahun | ) www.businessinsider.com   time to read: +3 min
Swift recently brought her music back to the platform after UMG pulled it in January due to an ongoing fight between the music publisher UMG and TikTok. This story is available exclusively to Business Insider subscribers. According to a report from The Wall Street Journal, Swift was initially on board with UMG's move. "Universal can't claim they're winning a fight Taylor doesn't want a part of," Bill Werde, the director of Syracuse University's music business program, told the Journal. UMG, TikTok, and a representative for Swift didn't respond to requests for comment from Business Insider sent outside regular business hours.
Persons: —, Taylor, Universal Music Group's, Swift, UMG, TikTok, Drake, Olivia Rodrigo, Beyoncé, UMG's, Swift's, they're, Taylor doesn't, Bill Werde Organizations: Service, Universal Music, Wall Street Journal, Business, Wall Street, Poet's Department, Syracuse, Business Insider
☆ Music on TikTok is disappearing amid battle with Universal Music Group. Can it make photos work?
  + stars: | 2024-02-28 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +1 min
TikTok is losing access to Universal Music Group's songs, including from artists like Taylor Swift. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTikTok, the platform best known as "the app where people dance around to music," is losing a lot of music and is going to lose more. This story is available exclusively to Business Insider subscribers.
Persons: TikTok, Taylor Swift, —, Drake, Bunny Organizations: Universal Music, Service, Street, Universal Music Group, Universal, Business Locations: UMG
☆ 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
☆ TikTok is quietly moving in on record labels' territory and insiders say its ambitions could end up 'pissing off' music partners
  + stars: | 2023-05-15 | by ( Dan Whateley | ) www.businessinsider.com   time to read: +12 min
Its music ambitions could ruffle feathers at record labels and publishers — unless it pays out. TikTok's app regularly sparks trends that help songs go viral, making it a favorite of marketers at major labels and independents. TikTok works closely with record labels and artists on promotional efforts like livestreamed concerts, in-person performances, and private listening parties with TikTok stars. Spotify has maintained a tenuous relationship with the labels over the years as it's sought to balance profit margins while splitting revenue with artists, labels, and publishers. Still, even as record labels and publishers push TikTok to pay more to music rights holders, they're investing more in the app.
☆ How TikTok is trying to become the music industry's everything app, even if it risks 'pissing off' record labels
  + stars: | 2023-04-20 | by ( Dan Whateley | ) www.businessinsider.com   time to read: +11 min
Its music ambitions could ruffle feathers at record labels and publishers — unless it pays out. TikTok's app regularly sparks trends that help songs go viral, making it a favorite of marketers at major labels and independents. TikTok works closely with record labels and artists on promotional efforts like livestreamed concerts, in-person performances, and private listening parties with TikTok stars. Spotify has maintained a tenuous relationship with the labels over the years as it's sought to balance profit margins while splitting revenue with artists, labels, and publishers. Still, even as record labels and publishers push TikTok to pay more to music rights holders, they're investing more in the app.
☆ Rick Astley sues rapper Yung Gravy over 'Never Gonna Give You Up' soundalike
  + stars: | 2023-01-27 | by ( Jonathan Stempel | Industry Insight | Law Firm Pricing Professionals In | ) www.reuters.com   time to read: +2 min
Jan 27 (Reuters) - Rick Astley has sued the rapper Yung Gravy over a song that borrowed heavily from the British singer's signature "Never Gonna Give You Up," claiming that the new song illegally used an impersonator who imitated Astley's distinctive baritone. "In an effort to capitalize off of the immense popularity and goodwill of Mr. Astley, defendants ... conspired to include a deliberate and nearly indistinguishable imitation of Mr. Astley's voice," the complaint said. Among the defendants are Yung Gravy, whose real name is Matthew Hauri, and his record label, Universal Music Group's (UMG.AS) Republic Records. Universal and a representative for Yung Gravy did not immediately respond to requests for comment. The song saw resurgent popularity about two decades later through the "Rickroll" internet meme, where it unexpectedly interrupts unrelated content.
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