News

Universal Music sees another quarter of streaming growth, with Liberty Media considering acquisition

Posted on by Anna Washenko

Universal Music Group has reported its earnings for the third quarter as rumors swirl that the major label could be moving toward a sale. Revenue rose 13.5% on-year to €1.495 billion ($1.732 billion) for the period. Parent company Vivendi said in the earnings update that it is in talks with about 15 banks, looking for assistance in finding a strategic partner for the major label. Continue Reading →

RAIN Summit Europe dazzles with knowledge and networking

Posted on by Brad Hill

A London tube strike did not prevent 200 delegates from attending RAIN Summit Europe at the British Museum on Wednesday. A full day of presentations, interviews, and panel talks covered podcasting, streaming, advertiser expectations in digital audio, research, and the coexistence of radio and streaming. The event featured a diverse roster of speakers from the U.K. and the continent, as experts came from France, Germany, Italy, and Belgium to participate. Continue Reading →

Report: YouTube paid the music industry $1.8 billion in ad revenue in the past year

Posted on by Anna Washenko

YouTube paid more than $1.8 billion in ad revenue to rightsholders in the music industry from October 2017 to September 2018. According to the How Google Fights Piracy report, that figure brings YouTube’s total music industry payments to more than $6 billion in ad revenues. Continue Reading →