Nathaniel Adams Coles was 15 when he left Wendell Phillips Academy in Chicago to pursue a career in music. Three years later, in 1937, he managed to sell his first song, a catchy piece called “Straighten Up and Fly Right”, for fifty dollars. Coles died of cancer in 1965, butRead More →
Published on: 03/10/2022 – 02:10 The Hague (AFP) – Dutch brewer Heineken, Danish brewer Carlsberg and Universal Music Group have become the latest Western companies to shut down operations in Russia because of Moscow’s war in Ukraine. Italian luxury sports car maker Ferrari meanwhile announced it was suspending deliveries toRead More →
Coca-Cola was one of the official drinks of the 1980 Olympics in Moscow, despite the United States boycotting the event in protest at the Soviet invasion of Afghanistan. The suspension of operations is accelerating Dozens of other companies also reprimanded Russia, and Amazon.com announced on Tuesday that it would stopRead More →
Andrea Ramolo’s quarantine dreams The singer-songwriter is documenting pandemic life in a new album and tour that kicked off at Hamilton’s Bridgeworks on February 25. -Graham Rockingham Hamilton Spectator The Eurovision Song Contest just banned Russia. It’s a tune all western pop culture should sing Economic sanctions are a goodRead More →
As music companies prepare to report 2021 results, stock prices may have room for growth. How much space? Spotify’s February 2 earnings report likely predicts double-digit growth that could put annual revenue between $12 billion and $13 billion. Billboard estimates that Spotify should improve its number of subscribers from 20Read More →
US broadcaster SiriusXM has purchased music for the commercial service, Cloud Cover Music. Cloud Cover operates in the United States and Canada and provides background music to businesses such as restaurants and retail stores. For the first, the company counts among its customers food chains such as Burger King, TacoRead More →
Two weeks have been a whirlwind for the music industry since Universal Music Group began trading on Euronext Amsterdam on September 21, giving record companies and publishers a step ahead of global investors. UMG’s first day of trading valued the company at around $ 57 billion, precipitating a 12.2% increaseRead More →
Universal Music Group’s first week as a state-owned company has been a resounding success for former owner Vivendi – which still owns a 10% stake – and existing shareholders of UMG, Tencent and Pershing Square Holdings. Last Tuesday, on the first day of UMG’s listing on Euronext Amsterdam, the sharesRead More →
UPDATE: Universal Music Group shares jumped nearly 40% in the early hours of trading on Tuesday, after its IPO. By midday on the Amsterdam Stock Exchange where UMG was listed, the stock was around 35% above the IPO price. Now trading above $ 25 a share, UMG’s valuation had reachedRead More →
Business News Labels and Editors By Chris Cooke | Posted on Wednesday, September 15, 2021 Vivendi confirmed yesterday that the Dutch Securities and Markets Authority – or Stichting Autoriteit Financiële Markten, if you prefer – has approved the prospectus for Universal Music Group’s upcoming listing on the Euronext Amsterdam stockRead More →
Shares of Tencent Music Entertainment (TME) have fallen 9.2% this week and 63.2% since the all-time high in March. The once high-flying Nasdaq-listed Chinese music streaming company closed at $11.70 on Friday, July 16, after losing $2 billion in market value in five days. A series of negative news hammeredRead More →