Universal Music Make Almost $4m Daily From Music Streaming

Just over a week since Warner Music revealed music streaming had become their primary source of revenue another major label, Universal Music, has revealed they make a massive $3.9 million every day from streaming. Universal Music…

CÜR Music Streaming Finds New Boss In Ex-UMG Exec

Former Universal Music Group distribution President Jim Urie has joined startup streamer CÜR Music to lead its success. Jim Urie joins CÜR Media with 20 years of industry experience at Universal Music Group, building his way to president…

Universal Music Revenues Rise Despite Decline In Sales Thanks To Streaming

Universal Music Group have reported a rise in revenue despite facing declines in physical sales thanks to music streaming. Universal Music Group (UMG) reportedly had a 2.4% rise in revenue in 2015, amounting to €5.11…

iHeartRadio Reach New High With 80 Million Users

iHeartMedia’s digital music and live streaming radio service announced yesterday that they had reached a new milestone in registered users. iHeartRadio’s internet radio platform have announced their latest figures which show’s a massive success for…

SoundCloud Sign Major Deal With Universal Music Group

SoundCloud and Universal Music Group (UMG) have just signed a massive licensing deal that should end the bad blood and improve copyright issues. SoundCloud faced a massive wall in 2015 as major labels began to…

Universal Music Group Launching Virtual Reality Concerts

Universal Music Group (UMG) have partnered with iHeartRadio to bring music concerts into a virtual reality for 2016. Virtual reality is fast becoming a new popular medium for visceral video experiences and especially video games,…

Spotify’s ‘freemium’ Model To Undergo Changes Says Universal Music CEO

Rumours have been circulating for the past few weeks that changes will be coming to Spotify as artist royalties have become increasingly controversial with Beatport’s 5% royalty commissions and Taylor Swift’s outrage at Apple Music’s…

2013 SoundScan Stats – Market Share of Major Record Labels Compared to Independent Labels

A2IM has shared the 2013 SoundScan statistics. This shows that the major label market share of albums in 2013 compared to 2012. Independent Labels now have 34.6% U.S. of the overall recorded music market. Since…