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Universal Music Group Is Still Growing in the Pandemic: Third-Quarter Earnings Breakdown

And there’s even more good news for Vivendi investors, as UMG’s parent says it plans to hold a public stock offering for the leading music company sometime in 2022. At this point it’s unclear how much Vivendi will sell, but it’s possible it will take the same route as Access Industries did when it took...

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Iconic Hitmakers Jimmy Jam and Terry Lewis to Release Debut Album as Artists

In announcing their next project, Jam said: “BMG immediately got our vision and understood where we wanted to go with this album. There was real mutual respect. We’ve found the perfect partner to kick off this next era and finally deliver our first record to the world.” The forthcoming record will feature “iconic collaborations spanning...

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Frank Ski Signs Worldwide Deal With Sony/ATV

“I’m excited to be joining and working with Sony/ATV Music Publishing,” comments Ski in a statement announcing the new arrangement. “I have an incredible amount of respect for Jon Platt and the influence he has had on the industry. I am grateful for (Sony/ATV VP, creative) Mike Jackson, am inspired by his vision, and look...

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COVID-19, Bushfires Impact APRA AMCOS’ Financial Year

With restrictions in place on live music and events across the country, royalties are “expected to take a more substantial hit in 2020-21,” APRA AMCOS warns. In a painful sign of the times, royalties payable to songwriters, publishers, affiliated societies and rights holders during the year-long period were down 0.9%, to A$407.3 million ($289 million)....

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Hipgnosis Buys L.A. Reid’s Music Catalog

“It’s a great pleasure to welcome L.A. Reid and his incredible set of songs to the Hipgnosis family.” Financial terms of the deal were not disclosed. “I can’t imagine a better home for my lifetime of music and songs than Hipgnosis,” notes Reid. “Merck and his dream team truly value artists and their creative vision,...

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BTS Co-Writer Ryan Lawrie Signs Publishing Deal With Peermusic UK

As BTS make history by notching the top two slots on the Billboard Hot 100 this week, indie publishing company peermusic UK has signed one of the K-pop group’s collaborators — singer, songwriter and producer Ryan Lawrie — to an exclusive global music publishing deal. The Glasgow, UK, native has co-written several songs for BTS,...

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The Orchard Offers New Integrated Publishing Solution Through Sony/ATV Partnership: Exclusive

The Orchard acts Harry Nach, Kiddtetoon, G Herbo and Summer Salt, along with indie label Unique Leader Records, are among the first to take advantage of the partnership, which is now open to all of The Orchard’s artist and label clients. The new partnership marks the latest expansion for The Orchard, which operates in more than...

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Sony Music Opens New German and European Headquarters in Berlin

Sony Music’s German and European headquarters were previously based in Munich. The move is “further strengthening Berlin’s position as the music capital of Europe,” a press release states, and will help the company “widen its roster, as well as deepen partnerships, and to expand access to influential creative subcultures.” Sony Music’s roster in Germany includes...

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Music Tectonics Conference 2020 Announces Full Lineup of Speakers, Panels & More

Among this year’s highlights are two panels dealing with the explosion of social video platforms that have become so integral in launching chart and streaming hits. The first, “Music in a Borderless World,” will host a conversation with TikTok head of music content operations Corey Sheridan, who will grapple with the complexities of organic user-generated...

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