Kill The Record Industry
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UMG recorded music revenues up 2.4% as streaming offsets physical decline

UMG recorded music revenues up 2.4% as streaming offsets physical decline | Kill The Record Industry | Scoop.it
Universal Music Group’s recorded music revenues were up 2.4% in 2015 thanks to growth in streaming, which “more than offset” the decline in physical and download revenues.

Total UMG revenues were up 2.7% at constant currency, up by €5.11 billion (£3.98 billion).

Streaming accounting for 52% of digital recorded music revenues in H2 2015 and streaming revenue was up 47% across the year, while downloads declined 13%, according to yesterday's earnings release by parent company Vivendi.
Pierre Priot's insight:

UMG scores revenue growth thanks to the physical to streaming shift.
Isn't it exactly what I was rambling about is that piece: http://bit.ly/DigiTransition

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BMG sues Universal Music Group over unpaid Tame Impala royalties - Music Business Worldwide

BMG sues Universal Music Group over unpaid Tame Impala royalties - Music Business Worldwide | Kill The Record Industry | Scoop.it
BMG is suing Universal Music Group, amongst other parties, for up to US $450,000.

Tame Impala frontman and lead songwriter Kevin Parker has accused his label, Modular Recordings – and co-owner Universal Music Australia – of not paying him due mechanical royalties.

In reaction, his publisher BMG isn’t messing about, issuing a lawsuit in New York against 14 companies including Modular, Universal Music Australia and Universal Music Group.
Pierre Priot's insight:

Kids, this is why you need a trustworthy publisher

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Rockbot Grabs Funding From Universal Music Group To Bring Its Social Jukebox To More Businesses | TechCrunch

Rockbot Grabs Funding From Universal Music Group To Bring Its Social Jukebox To More Businesses | TechCrunch | Kill The Record Industry | Scoop.it

Rockbot, a virtual jukebox solution for businesses, has closed strategic investment from Universal Music Group, which is the largest of the major music labels. That funding will be used as Rockbot seeks to expand its business across a wide range of bars, restaurants and other brick-and-mortar locations throughout the U.S.

 

 

Pierre Priot's insight:

Face it: the next generation's jukebox will be virtual.

No wonder UMG is investing in such projects.

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Labels Introduce The Newest Album Format They’re Hoping You’ll Buy

Labels Introduce The Newest Album Format They’re Hoping You’ll Buy | Kill The Record Industry | Scoop.it

The format wars were at their fiercest back when digital music and the internet was just a fledgling twinkle in the eye of Apple, Sony, et al. But just because the fight over superiority in mediums has leavened out over the decades it doesn’t mean that IT companies stop attempting to find ways to get consumers to re-buy their collections on a shiny new medium.

Pierre Priot's insight:

Universal's move here is dead stupid. Hires audio on physical is and always will be vinyl. Period.

What's in stake today is bringing hires into digital, would it be download or streaming.

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Universal Music Group Wins Appeal Against Grooveshark

Universal Music Group Wins Appeal Against Grooveshark | Kill The Record Industry | Scoop.it
In a closely watched digital copyright lawsuit, a panel of five judges in the New York State Supreme Court of Appeals on Tuesday reversed a lower state court decision favoring Escape Media Group Inc., the operators of the music streaming site...
Pierre Priot's insight:

Basically, New York’s Supreme Court rewrites DMCA and suggest Congress to do the same.

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Confirmed: Universal sells Co-Op - and racks up £530m from EMI asset sales

Confirmed: Universal sells Co-Op - and racks up £530m from EMI asset sales | Kill The Record Industry | Scoop.it

Universal parent Vivendi has confirmed that it has finalised a deal to sell Co-Operative Music. Music Week understands that [PIAS] has been successful in its acquisition bid for the rival distribution and services company.

Pierre Priot's insight:

We're better off with PIAS taking over Co-OP. Let Universal be Universal...

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Music Deals Could Transform Digital Market

Music Deals Could Transform Digital Market | Kill The Record Industry | Scoop.it

As the Justice Department presses forward with its lawsuit filed last week against Apple and two publishers for allegedly colluding to raise prices and manipulate the evolving market for digital books, the nation’s other antitrust regulator is weighing whether to approve a transaction that could dramatically impact the development of another digital market: music.

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Appeals court strikes a blow for fair use in long-awaited copyright ruling

Appeals court strikes a blow for fair use in long-awaited copyright ruling | Kill The Record Industry | Scoop.it
The judges ruled today that copyright holders "must consider the existence of fair use before sending a takedown notification." Universal's view that fair use is essentially an excuse to be brought up after the fact is wrong, they held. UMG's view of fair use solely as an "affirmative defense" is a misnomer.
Pierre Priot's insight:

US Court of Appeals has dismissed Universal's takedown request of a Prince track synced to a dancing baby video.

Judges remind copyright owners that fair use exists and this should make them adjust their automated takedown notice algorythms. 

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Grooveshark Universal Music Fines Could Top $736M, Judge Rules - hypebot

Grooveshark Universal Music Fines Could Top $736M, Judge Rules - hypebot | Kill The Record Industry | Scoop.it
Grooveshark Universal Music Fines Could Top $736M, Judge Rules
Grooveshark has always seemed to have nine lives. Despite multiple lawsuits, app takedowns and a whole lot of bad press, Grooveshark has continued to deliver free streaming music to a significant user base.  Their luck may have finally run out.
Pierre Priot's insight:

I doubt those $736M will make any difference for most of the unauthorized content right-holders.

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Universal Music Looking for Next Big YouTube Star With New Record Label

Universal Music Looking for Next Big YouTube Star With New Record Label | Kill The Record Industry | Scoop.it
The venture signals that YouTube stars with palpable buzz and inbuilt fan bases have become increasingly enticing to the world’s biggest music corporations.
Pierre Priot's insight:

Universal is wisely shifting its investments from TV to Youtube.  

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Exclusive: Google readies its Spotify competitor with Universal and Sony now on board

Exclusive: Google readies its Spotify competitor with Universal and Sony now on board | Kill The Record Industry | Scoop.it
Google will unveil new subscription music services tomorrow at the Google I/O conference, sources close to the company said. Google has now signed separate licensing deals with Universal Music...
Pierre Priot's insight:

Google cutting deal with Universal and Sony: don't ever think of them as streaming service outsiders.

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Apple and Universal Music agreement on streaming iRadio service imminent

Apple and Universal Music agreement on streaming iRadio service imminent | Kill The Record Industry | Scoop.it
Apple is expected to sign its first internet radio licensing agreement with a major record label perhaps as soon as next week, multiple sources with knowledge of the talks have told The Verge....
Pierre Priot's insight:

Beware! iRadio is coming!

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Co-Op sale to PIAS: indies object

Co-Op sale to PIAS: indies object | Kill The Record Industry | Scoop.it

Universal is about to sell Cooperative Music to PIAS according to a clutch of independent labels who have written to protest against the move.

In a letter sent to Music Week, a number of indie label bosses affiliated with Co-Op, including Heavenly Recordings’ Jeff Barrett and Lucky Number Music’s Stephen Richards in the UK, have expressed their ‘alarm’ at the pending sale.

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Association of Independent Music launches campaign to stop sale of EMI

Association of Independent Music launches campaign to stop sale of EMI | Kill The Record Industry | Scoop.it

Association of Independent Music (AIM), which represents a large number of the UK's independent record labels, has launched a campaign to stop the break-up and sale of EMI.

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