Universal name the new president of Island Records

Following their president’s departure for Sony Music, Universal Music Group’s Island Records have named their new president. David Massey exits his role as the president of Island Records on the 1st of June and will…

Independent music is now bigger than all the major labels

As digital music revolutionises the industry, independent artists and labels are taking over as they collectively earn more than the major labels for the second year. A new annual survey of the recorded music and…

Spotify’s value soars as they join the stock market for the 1st time

Spotify have made their debut on the stock market and it has rocketed their valuation skywards. After rumours suggesting that Spotify were working towards an IPO for over a year they have instead just placed…

Facebook sign a deal with Warner Music, the last of the 3 major labels

As Facebook move towards legally allowing music on their social media platform, they have just finalised licensing deals with the last of the major labels. Warner Music Group have announced they’re teaming up with Facebook to…

Facebook just signed a deal with ICE, licensing millions of tracks

As Facebook move into music legitimacy they are signing deals across the board to protect copyrights, now adding ICE to their friends. Following the past year’s controversy over music copyrights on Facebook the social media…

Facebook going legal for music with Sony/ATV deal following Universal

Facebook have signed a new deal with Sony/ATV that brings them closer to a working music copyright system. Sony/ATV have signed a licensing agreement with Facebook following Universal signing a multi-year deal with the social…

Vevo nearing profit as revenues boom with 50% rise in views

Vevo look to make a profit in 2018 as their platform grows and they look to re-negotiate their deals with YouTube. The music video platform owned by major labels, primarily Universal Music Group, looks like…

Facebook finally licensing music with Universal Music deal

Facebook have finalised a licensing agreement with Universal Music meaning that they might be fixing the rife copyright infringements on Facebook Videos. The deal with Universal will see music licensed in a multi-year deal on…

YouTube to pay more for music after deal with major labels

The 3 major labels have all now created new deals with YouTube that will provide better payouts for music in the wake of YouTube’s new music service. Earlier this month sources revealed that Warner Music…

Universal Music buys British labels behind Elvis Costello, Frankie Goes To Hollywood

Two of the most influential record labels in the UK have just been bought by Universal Music Group. Major label, Universal Music Group have just bought Stiff Records and ZTT, two of the UK’s biggest…