Universal Music Group

Universal Music Group and TikTok Announce New Licensing Agreement

Retrieved on:

Jeudi, mai 2, 2024

Remuneration, UMG, Music, EVP, Universal Music Group, Economics, AI, Publishing, Environment, Social, Marketing, Creativity, UMPG, Organization, Universal Music Publishing Group

LOS ANGELES, May 2, 2024 /PRNewswire/ -- Universal Music Group, the world-leader in music-based entertainment and TikTok today announce a new multi-dimensional licensing agreement that will deliver significant industry-leading benefits for UMG's global family of artists, songwriters and labels and will return their music to TikTok's billion-plus global community.

Key Points:

LOS ANGELES, May 2, 2024 /PRNewswire/ -- Universal Music Group, the world-leader in music-based entertainment and TikTok today announce a new multi-dimensional licensing agreement that will deliver significant industry-leading benefits for UMG's global family of artists, songwriters and labels and will return their music to TikTok's billion-plus global community.
Sir Lucian Grainge, Chairman and CEO, Universal Music Group, said: "This new chapter in our relationship with TikTok focuses on the value of music, the primacy of human artistry and the welfare of the creative community.
Shou Chew, CEO of TikTok, said: "Music is an integral part of the TikTok ecosystem and we are pleased to have found a path forward with Universal Music Group.
UMG and TikTok are now working expeditiously to return music by artists represented by Universal Music Group and songwriters represented by Universal Music Publishing Group to TikTok in due course.

Universal Music Group and TikTok Announce New Licensing Agreement

Retrieved on:

Jeudi, mai 2, 2024

Remuneration, UMG, Music, EVP, Universal Music Group, Economics, AI, Publishing, Environment, Social, Marketing, Creativity, UMPG, Organization, Universal Music Publishing Group

LOS ANGELES, May 2, 2024 /PRNewswire/ -- Universal Music Group, the world-leader in music-based entertainment and TikTok today announce a new multi-dimensional licensing agreement that will deliver significant industry-leading benefits for UMG's global family of artists, songwriters and labels and will return their music to TikTok's billion-plus global community.

Key Points:

LOS ANGELES, May 2, 2024 /PRNewswire/ -- Universal Music Group, the world-leader in music-based entertainment and TikTok today announce a new multi-dimensional licensing agreement that will deliver significant industry-leading benefits for UMG's global family of artists, songwriters and labels and will return their music to TikTok's billion-plus global community.
Sir Lucian Grainge, Chairman and CEO, Universal Music Group, said: "This new chapter in our relationship with TikTok focuses on the value of music, the primacy of human artistry and the welfare of the creative community.
Shou Chew, CEO of TikTok, said: "Music is an integral part of the TikTok ecosystem and we are pleased to have found a path forward with Universal Music Group.
UMG and TikTok are now working expeditiously to return music by artists represented by Universal Music Group and songwriters represented by Universal Music Publishing Group to TikTok in due course.

Cloud Music Inc. Adds Expansive K-Pop Portfolio with JYP Entertainment Agreement

Retrieved on:

Mardi, avril 30, 2024

HANGZHOU, China, April 29, 2024 /PRNewswire/ -- Cloud Music Inc. (HKEX: 9899, "NetEase Cloud Music" or the "Company"), a leading interactive music streaming service provider in China, today announced that it has entered into a licensing agreement for digital music distribution ("the Agreement") with JYP ENTERTAINMENT Corp. ("JYP Entertainment"), a leading entertainment company in South Korea, granting NetEase Cloud Music the right to distribute JYP Entertainment's music catalog in China.

Key Points:

HANGZHOU, China, April 29, 2024 /PRNewswire/ -- Cloud Music Inc. (HKEX: 9899, "NetEase Cloud Music" or the "Company"), a leading interactive music streaming service provider in China, today announced that it has entered into a licensing agreement for digital music distribution ("the Agreement") with JYP ENTERTAINMENT Corp. ("JYP Entertainment"), a leading entertainment company in South Korea, granting NetEase Cloud Music the right to distribute JYP Entertainment's music catalog in China.
Through the collaboration, NetEase Cloud Music will offer an extensive collection of music from JYP Entertainment, featuring renowned artists and groups such as J.Y.
Previously, NetEase Cloud Music has joined hands with top South Korean entertainment companies like SM Entertainment, YG Entertainment and CUBE Entertainment, enabling users to access high-quality K-Pop music.
Moving forward, NetEase Cloud Music will continue to collaborate with global music companies, offering Chinese music enthusiasts a wider range of high-quality music content and an improved user experience.

Infinite Reality Acquires the Drone Racing League for $250 Million, Solidifying Position as Global Leader in Immersive Technology & Experiences

Retrieved on:

Mardi, avril 23, 2024

NEW YORK, April 23, 2024 (GLOBE NEWSWIRE) -- In a landmark deal to enhance its immersive platform technology and services, Infinite Reality (“iR” or the “Company”), a leading global provider of cutting-edge virtual, AI-powered immersive experiences, today announced it signed a definitive agreement to acquire the Drone Racing League (“DRL”), the world’s most futuristic sports property. The $250 million acquisition bolsters iR’s capabilities and IP, and boosts its valuation to $3.5 billion. Recognized for accelerating professional drone racing into the mainstream through high tech robotics, AI, visually spectacular content and hybrid competition, DRL marks iR’s latest acquisition as the Company expands its extensive portfolio, which includes spatial web design pioneer, Ethereal Engine, fully integrated entertainment production company, iR Studios, eSports franchises Team Rogue (League of Legends) and London Royal Ravens (Call of Duty), as well as digital media, content and creator services.

Key Points:

"Infinite Reality revolutionizes fan and customer engagement across platforms, making every moment more interactive, accessible and captivating,” said John Acunto, CEO of Infinite Reality.
“DRL epitomizes our belief that fans don't just want to sit in a stadium or watch broadcast highlights on social media.
The future of sports and entertainment involves new and disruptive formats that are wildly more immersive.
Today, we are incredibly excited to join Infinite Reality, a company that has the vision and resources to take drone racing and our core technology to infinite heights,” said Nicholas Horbaczewski, CEO & Founder of the Drone Racing League.

AGBA and Triller Merge to Create a $4 Billion Powerhouse, Unleashing a Game-Changing Power in Digital Content and Financial Services

Retrieved on:

Jeudi, avril 18, 2024

AGBA stockholders will own 20% of the combined company, while Triller stockholders will own the remaining 80% of the combined company.

Key Points:

AGBA stockholders will own 20% of the combined company, while Triller stockholders will own the remaining 80% of the combined company.
The proposed business combination (the "Business Combination") will result in a valuation of the combined company at approximately $4 billion on a pro-forma basis.
This groundbreaking merger combines AGBA's financial expertise with Triller's cutting-edge AI-driven content creation and SaaS capabilities, aiming to transform global digital ecosystems.
AGBA is a leading Asia-based financial services company that serves over 400,000+ individual and corporate customers in Hong Kong.

GUSTAVO LOPEZ REVEALS NEW VENTURE GLOBALATINO MUSIC PARTNERS

Retrieved on:

Lundi, avril 15, 2024

LOS ANGELES, April 15, 2024 /PRNewswire/ -- Latin music entertainment power player Gustavo Lopez has launched a new, full service, independent, multi-media, music entertainment company -- Globalatino Music Partners, it was announced today by Mr. Lopez.

Key Points:

LOS ANGELES, April 15, 2024 /PRNewswire/ -- Latin music entertainment power player Gustavo Lopez has launched a new, full service, independent, multi-media, music entertainment company -- Globalatino Music Partners, it was announced today by Mr. Lopez.
Globalatino already has assembled a best in class portfolio of companies with an expert team of renowned industry executives who will work with Mr. Lopez in this groundbreaking venture.
Globalatino Music Partners represents the next step in Mr Lopez' career.
"What makes Globalatino Music Partners unique is our reach in every aspect of the fast moving Latin space," Mr. Lopez continued.

Safety Shot Taps Music and Film Industry Veteran Jordan Schur as New President and Company Board Member

Retrieved on:

Mercredi, mars 13, 2024

JUPITER, FL, March 13, 2024 (GLOBE NEWSWIRE) -- Safety Shot, Inc. (Nasdaq: SHOT) (the “Company” or “Safety Shot”), a pioneer in innovative well-being solutions, is excited to announce that American entrepreneur, record executive, and film producer Jordan Schur has been appointed as President of the Company. Schur will also join the Company’s Board of Directors.

Key Points:

With tremendous success throughout a storied career in the music and film industries, Schur aims to significantly boost brand awareness for Safety Shot.
JUPITER, FL, March 13, 2024 (GLOBE NEWSWIRE) -- Safety Shot, Inc. (Nasdaq: SHOT) (the “Company” or “Safety Shot”), a pioneer in innovative well-being solutions, is excited to announce that American entrepreneur, record executive, and film producer Jordan Schur has been appointed as President of the Company.
“I am honored to join the Safety Shot team and to accelerate the next stage of growth for Safety Shot.
In 2006 Schur founded Los Angeles-based Suretone Entertainment, an independent full-service entertainment company that has consistently impacted culture in music, film, and television.

First Responders Children’s Foundation Invites Children of First Responders To Apply for Scholarships

Retrieved on:

Mardi, mars 12, 2024

Rock (geology), Verizon Communications, Mentorship, TIAA, Emergency medical technician, Universal Music Group, U.S. state, Devon Energy, CSX, PwC, Scholarship, Dream, MacKenzie Scott, Firefighter, Parent, Scooter Braun, Federal, Nursing

The program awards scholarships to children of first responders who are pursuing post-secondary education at college, trade school or post-graduate programs.

Key Points:

The program awards scholarships to children of first responders who are pursuing post-secondary education at college, trade school or post-graduate programs.
The Scholarship Program, now in its 22nd year, provides financial assistance to children whose parent serves or has served as a first responder.
Scholarships are awarded based on financial need, academic merit and achievements such as demonstrated leadership and volunteer activities benefiting the community.
The families of these brave heroes deserve our support, and we owe it to them to provide scholarships so that their children can reach their full potential,” said Jillian Crane, President and CEO of First Responders Children's Foundation.

Perfect Moment Reports Fiscal Q3 2024 Results

Retrieved on:

Lundi, mars 25, 2024

Perfect Moment total followers across social media platforms, including Instagram, Facebook and TikTok, exceeded 343,000 by quarter-end up nearly 20% since the end of the same year-ago quarter —and currently totals more than 379,000 making Perfect Moment one of the world’s most followed luxury ski brands.

Key Points:

Perfect Moment total followers across social media platforms, including Instagram, Facebook and TikTok, exceeded 343,000 by quarter-end up nearly 20% since the end of the same year-ago quarter —and currently totals more than 379,000 making Perfect Moment one of the world’s most followed luxury ski brands.
The total social audience reached by content posted by U.S. and U.K. key opinion leaders (KOLs) about Perfect Moment was more than 166.8 million during the period.
Featured on the front cover of Modern Luxury Aspen’s Holiday 2023/Winter 2024 issue, featuring model Kate Love wearing exclusively Perfect Moment.
“Our fiscal third quarter represented a special transitional period for Perfect Moment, as we prepared for our NYSE American IPO, onboarded new talent and senior team leaders, and increased our focus on eCommerce sales,” commented Perfect Moment CEO, Mark Buckley.

Universal Music Group and Spotify Expand Strategic Relationship

Retrieved on:

Jeudi, mars 28, 2024

Music, Universal Music Group, Universal Music Publishing Group, UMPG, Social, UMG, Environment

SANTA MONICA, Calif. and STOCKHOLM, March 28, 2024 /PRNewswire/ --, March 28, 2024 – Universal Music Group (UMG), the world-leader in music-based entertainment and Spotify, the world's most popular audio streaming subscription service today announced an expansion of their strategic relationship that will further amplify music discovery and social interaction and enhance fan experiences across the platform for UMG's family of artists and songwriters.

Key Points:

To start, UMG artists will have the ability to share teasers of upcoming music on Spotify to increase fan engagement and pre-save activity before a new release.
Additionally, a new agreement with Universal Music Publishing Group (UMPG) will enable Spotify to distribute music videos in the US, enabling deeper experiences with the songs, the artists, and the songwriters.
Sir Lucian Grainge, Chairman & CEO UMG: "We're excited to broaden our relationship with Spotify through the introduction of new content offerings and collaborations that will bring deeper 'social music' experiences to the platform.
We're always striving to expand opportunities for UMG artists and songwriters to elevate engagement with their fans, especially in the introduction of new music and artist-centric initiatives.