Universal Music Group Reportedly Tells Streaming Services to Remove AI-Generated Music, Citing ‘A Moral and Commercial Responsibility to Our Artists’

Universal Music Group (UMG) is reportedly pushing Spotify, Apple Music, and others to remove AI-generated tracks – and cease allowing artificial intelligence models to analyze its artists’ music on streaming services altogether.

For the full article, please click on the image, above.

GOLDMAN SACHS: UNIVERSAL IS WORTH OVER $50BN, AND GLOBAL MUSIC STREAMING REVENUES WILL RISE $3BN THIS YEAR

The MBW Review is where we aim our microscope towards some of the music biz’s biggest recent goings-on. This time, we leaf through Goldman Sachs‘ latest must-read report about the music industry.

Screenshot 2021-04-30 at 09.21.23.png
For the full article, please click on the image, above.

For the full article, please click on the image, above.

Screenshot 2021-04-30 at 09.26.30.png

Universal Music Group Revenues Pass $7.7 Billion in 2019, IPO Planned By 2023

The Universal Music Group's revenues passed $7.7 billion (€7.16 billion) in 2019, up 14% at constant currency thanks to another strong surge in streaming revenue, which was up 21.5% year over year. Recorded music revenues were up 11.6% year over year, while the publishing division's revenues increased 9.2%, both at constant currency.

for the full article, please click on the image, above.

for the full article, please click on the image, above.