Universal Music is removing its catalogue of songs from social media platform TikTok when its contract expires today [January 31st] after a breakdown in talks over payments. The move would mean TikTok would no longer have access to tracks by artists including the likes of Taylor Swift, Adele, The Weeknd, Coldplay, BTS and Drake. In […]

Investment bank BNP Paribas has carried out a detailed examination of the prospects for Universal Music Group (UMG). The bank has upgraded UMG to ‘Neutral’ as far as its investment advice is concerned and has given a Target Price for its shares of €23 (currently trading at about €24.70). Its results are due on October […]

Artists must be given a legal right to a fairer share of revenues from streaming, according to the conclusions of a wide-ranging inquiry by the UK parliament’s House of Commons Digital, Culture, Media and Sport Committee, which calls for a complete reset of the market. The Report into the Economics of music streaming finds that […]