Official: Tencent, Consortium and Tencent Music Entertainment Acquire 10% of Universal Music Group for $3 billion

It now official. Tencent consortium has officially confirmed they are acquiring 10% of Universal Music Group for over $3 billion. Two other key elements of the deal: (i) the Consortium can, over the next 12…

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…

Universal Music Group and Google Partner for Vevo

The rumours are true and Universal Music Group and Google have announced their joint venture, Vevo – a video site offering UMG’s music videos, with advertising revenues shared between the two. The full press release…