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Tuesday, May 7, 2024

TOK OF THE TOWN:
SIR LUCIAN GRAINGE

UMG’s newly announced deal with TikTok, following a fierce and protracted fight between the two giants, is a major win for Sir Lucian Grainge, who won improved royalty payments for his artists and promises of greater cooperation on AI and other points that represent an advance for the industry as a whole. The pact may represent not just the start of a productive new chapter between the biz and the world’s biggest social platform but a way forward for addressing tech challenges in the future. If only Sir Lucian could figure out a way to keep us out of his feed.

TAGS: Sir Lucian Grainge | Universal Music Group | TikTok
UMG Q1 EARNINGS: DOUBLE-DIGIT GROWTH IN SUBS, STREAMING REVENUE
LUCIAN SOUNDS OFF ON UMG/TIKTOK DEAL
UMG AND TIKTOK  WORK IT OUT
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