Red Hot Chili Peppers to Sell Song Catalog for Upwards of $140...
Music

The Red Hot Chili Peppers are selling their song catalog to Hipgnosis Songs for upwards of $140 million, sources confirm to Variety, making them the latest heritage artist to benefit from the intellec...

Variety
May 4, 2021

Universal Music Launches Virgin Label and Artist Services Divi...
Music

Universal Music Group has announced the launch of Virgin Music Label & Artist Services, a “new global network delivering premium and flexible artist and label services to the industry’s most d...

Variety
February 18, 2021

Vivendi Sells Additional 10 Percent Stake in Universal Music t...
Music

The deal values the stake at $3.7 billion. Vivendi said Friday that a Tencent-led consortium had exercised its option to acquire an additional 10 percent stake of Universal Music Group. The French en...

Hollywood Reporter
December 18, 2020

North American Concert Industry Lost $30 Billion in 2020
Live Entertainment - Music

The North American live events industry lost more than $30 billion in 2020 due to the global pandemic, including $9.7 at the box office, according to the year-end report by Pollstar, the leading live-...

Variety
December 11, 2020

David Crosby forced to sell his song catalog
Music - Streaming

Crosby’s claim that “streaming stole my record money”, however, requires no such presumption: the artist has been a long-time critic of the money paid out by the likes of Spotify to himself and ...

Music Business Worldwide
December 9, 2020

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