{"id":88814,"date":"2021-11-15T13:00:00","date_gmt":"2021-11-15T13:00:00","guid":{"rendered":"https:\/\/routenote.com\/blog\/?p=88814"},"modified":"2022-06-30T16:06:41","modified_gmt":"2022-06-30T15:06:41","slug":"universal-music-ceo-net-worth","status":"publish","type":"post","link":"https:\/\/routenote.com\/blog\/universal-music-ceo-net-worth\/","title":{"rendered":"The CEO of Universal Music earned more in 2021 than all the sales and streams of UK songwriters combined"},"content":{"rendered":"\n

Image Credit: Universal Music Group<\/a><\/em><\/p>\n\n\n\n

UMG boss Lucian Grainge is due a $201 million payday \u2013 more than the total income of all UK songwriters and composers put together.<\/span><\/h2>\n\n\n\n

A $65 million bonus will push Universal Music Group CEO Lucian Grange\u2019s 2021 income up to $201 million. That\u2019s more than the estimated combined 2019 streams, sales and downloads of all the songwriters in the UK. <\/p>\n\n\n\n

Whilst a large net worth seems reasonable for the CEO of one of the biggest music conglomerates <\/a>on the planet \u2013 one that was making a million dollars an hour <\/a>in the first quarter of this year \u2013 the giant bonus feels like a further insult. <\/p>\n\n\n\n

The Guardian<\/em> pointed out <\/a>that Grainge\u2019s bonus comes from Universal Music’s 2021 IPO as well as Tencent buying a 10% stake<\/a> in the company. Campaigners would like to see at least some <\/em>of that windfall to trickle down to the songwriters and artists whose music keeps the industry running. <\/p>\n\n\n\n

The unimpressed online response is aggravated by the current focus on streaming incomes in the UK, with a study into the competitive market<\/a> on the way and a government inquiry demanding a \u201ccomplete reset\u201d <\/a>of a sector that hasn’t modernised since the age of streaming arrived. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/IvorsAcademy\/status\/1459191329746046982\n<\/div><\/figure>\n\n\n\n

Last year as part of the UK streaming inquiry pop songwriter Fiona Bevan said<\/a> she\u2019d earned only \u00a3100 from writing a song for a 2020 Number 1 album. Whilst hailing the opportunities that the accessibility of streaming offers, Bevan called for an urgent need for the levelling out of the way revenue from a song is divided up<\/a>.<\/p>\n\n\n\n

Ivors Academy and others suggest people in the UK should write to their MP<\/a> asking for them to support a Private Members Bill from Kevin Brennan MP<\/a>, which asks for more protections for musicians against unfair payments.<\/p>\n\n\n\n

\n\n\n\n

We\u2019re not anti-major label here at RouteNote, but we think there should be another option for artists to release music that doesn\u2019t involve signing away their rights to a huge multinational. We’re an independent distributor working with unsigned artists to put their music online for free. <\/a><\/strong><\/p>\n\n\n\n

Head here to find out how our free music distribution can get your music heard.<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

UMG boss Lucian Grainge is due a $201 million payday \u2013 more than the total income of all UK songwriters and composers put together.<\/p>\n","protected":false},"author":24,"featured_media":10292,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11109],"tags":[6796,680],"acf":[],"yoast_head":"\nThe CEO of Universal Music earned more in 2021 than all the sales and streams of UK songwriters combined - RouteNote Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/routenote.com\/blog\/universal-music-ceo-net-worth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The CEO of Universal Music earned more in 2021 than all the sales and streams of UK songwriters combined - RouteNote Blog\" \/>\n<meta property=\"og:description\" content=\"UMG boss Lucian Grainge is due a $201 million payday \u2013 more than the total income of all UK songwriters and composers put together.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/routenote.com\/blog\/universal-music-ceo-net-worth\/\" \/>\n<meta property=\"og:site_name\" content=\"RouteNote Blog\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-15T13:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-30T15:06:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/routenote.com\/blog\/wp-content\/uploads\/2016\/05\/UMG-large-logo1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"530\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Madeleine Amos\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/routenote.com\/blog\/#organization\",\"name\":\"RouteNote\",\"url\":\"https:\/\/routenote.com\/blog\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/routenote.com\/blog\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/routenote.com\/blog\/wp-content\/uploads\/2020\/11\/routenote-logo.jpg\",\"contentUrl\":\"https:\/\/routenote.com\/blog\/wp-content\/uploads\/2020\/11\/routenote-logo.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"RouteNote\"},\"image\":{\"@id\":\"https:\/\/routenote.com\/blog\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/routenote.com\/blog\/#website\",\"url\":\"https:\/\/routenote.com\/blog\/\",\"name\":\"RouteNote Blog\",\"description\":\"The World of Digital Music - 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