Spotify CEO Daniel Ek named the most powerful person in the music business beating out major label CEOs

Spotify’s top man Daniel Ek has been named as the most powerful person in the music industry by Billboard, taking the place of Universal Music CEO Lucian Grainge. Music magazine Billboard have updated their Power…

Despite “advanced talks” Spotify aren’t buying SoundCloud now

Earlier this year in September rumours circulated that Spotify might buy up SoundCloud’s open digital music platform, but discussions have now reportedly been closed. In September reports suggested that Spotify were in talks with SoundCloud for…

Prince William knights Universal Music CEO Lucian Grainge

In a “recognition of British music’s significance to the UK” Lucian Grainge, chairman and CEO of UMG, has been knighted by Prince William. Yesterday Prince William, the Duke of Cambridge, knighted London-born Lucian Grainge during…

UMG already made a record $1 billion from music streaming this year

Once again music streaming has proved that it’s reinvigorating the music industry with Universal Music Group (UMG) having made more than $1 billion in the first nine months of 2016. Universal Music Group, 1 of…

Famed music exec Lyor Cohen joins YouTube to strengthen artist relationships

Label giant and industry veteran Lyor Cohen has joined YouTube to improve artist relationships amidst tension between YouTube and the majority of the music industry. Cohen joins the Google-owned video hosting site as global head…