VIVENDI TO SELL 50% OF UNIVERSAL MUSIC – The biggest recent news is Vivendi’s announcement to sell up to half of it’s crown jewel Universal Music Group (UMG), which generates 41% of Vivendi’s revenue and 60% of operating income. Vivendi is looking to capitalize and profit on rising valuations in the music industry, driven from the…
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Apple Buys Shazam for $400 Million, Tencent and Spotify Swap 10% Equity, Kobalt Acquires Song Music Catalogue for $160 Million
Apple Buys Shazam for $400 Million – Apple acquired Shazam in the range of $400 million “as part of its bigger ambitions in the music business.” Shazam is a music recognition and discovery tool that has hundreds of millions of users and over 1 billion downloads. Snapchat and Spotify were also in talks to…
Google Leads $70 Million Funding, UMG Worth More Than $40 Billion, Apple Music to Spend $4.2 Billion on Original Content
Google Leads $70 Million Funding to Challenge Major Music Labels – The gloves are off. Napster was the first shot fired that people heard. Now the tech industry has officially declared war. Google is leading a $70 million investment into United Masters to officially take on music labels. In 2015 Google lead a $60 million investment…
Spotify Could be Valued at $20 Billion, Musical.ly Acquired for $1 Billion, Apple Breaks through 30 Million Subscribers
Spotify Could be Valued at $20 Billion and Eventually $100 Billion – Spotify could go public with a valuation of $20 Billion, rise to $55 Billion by 2020 and eventually be worth $100 Billion, study says. The $100 Billion mark would make Spotify one of the most valuable stocks in the world, illustrating the…