KINGSHIP from UMG’s 10:22PM is a group formed of NFT characters

Universal Music Group’s next-gen Web3 label 10:22PM has formed a new group of four characters from NFT project Bored Ape Yacht Club.

Tomorrowland launches record label and signs exclusive global partnership with Universal Music Group

Although the EDM festival Tomorrowland had to cancel for a second year running they’ve launched their own Tomorrowland Music label and partnered with UMG.

Indian music label Saregama signs a global music licensing deal with TikTok competitor Triller

India’s oldest music label Saregama partner with American platform Triller to add their large catelogue to the short-form video app.

Universal and Music Streaming Service Boomplay Expand License To Cover 47 Countries Across Africa

The African music streaming platform Boomplay and UMG have struck an expanded deal that will bring UMG’s music catalog from 7 to 47 countries across the African continent.

LEGO VIDIYO is a new AR music video maker for kids

Designd for children aged 7 to 10, the VIDIYO app will combine music with augmented reality LEGO figures and BeatBits that unlock special effects.

Huawei gets the approval of all 3 major labels for Spotify rivalling music app

Huawei Music has launched in Europe to take on the plethora of music streaming services with over 50 million tracks. Chinese phone, tech and software developers Huawei have launched a brand new music streaming service…

7digital secured £500k loan, keeping the company afloat

After a shaky 2019 and recently suffering markets, London-based company 7digital have been handed a lifeline to help them continue operations. The unnamed lender has handed over a £500,000 ($643k) 12 month loan, with interest…

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…

China’s Tencent look to buy 10% of Universal Music

As Vivendi finally look to start selling stakes in Universal Music, Chinese media conglomerate Tencent are looking to buy in. Vivendi have been leading up to selling stakes in Universal’s major record label for over…

Up to 50% of major label Universal Music Group is for sale

The biggest music label in the world has up to half of it’s stakes up for sale presenting a major opportunity for investors. Vivendi have just appointed banks who will manage the sale of up…