THEY'RE ON THE CLOCK: Amid protests from both Warner Music Group and European indie label coalition IMPALA, Universal Music Group officially submitted its $1.9 billion merger application with the European Commission last Friday (2/17). Sony, which led an investment consortium in a $2.2 billion offer for EMI’s music publishing. is expected to submit its filing soon. In a statement, Universal said it would “work closely with the commission and remain confident of securing clearance.” According to the N.Y. Post, Lucian Grainge’s gamble means, should the Universal-EMI combination be blocked on regulatory grounds and Citigroup be forced to re-sell EMI recorded music at a lower price, Universal would have to make up the difference, which could amount to several hundred million dollars. (2/21p)
MUSIC REVENUE TOPPED $17B IN 2023: RIAA
Streaming subscriptions lead the charge. (3/27a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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