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News June 2, 2017

UMG’s ownership could change in coming months, The Orchard and Red Essential are to merge, and more

UMG’s ownership could change in coming months, The Orchard and Red Essential are to merge, and more

Here’s all the music industry news you need to know today.

Footstomp Music branches out to include New Zealand in their project management services – via Footstomp

SoundCloud’s Stephen Bryan headed to YouTube, say sources – via MBW

The ownership of Universal Music Group is looking increasingly likely to change in the coming months. – via MBW

A new study “found that earworm songs tended to be fast, with a common, simple melodic structure that generally went up and down and repeated, like ‘Twinkle Twinkle Little Star.’” – via APA

The Orchard and Red Essential are to merge and run under The Orchard name, a wholly owned subsidiary of Sony Music Entertainment. Ian Dutt and Mike Chadwick, co-Managing Directors of Red Essential, will run the new UK business. – via RotD

Music industry mates John Farnham, Jimmy BarnesNoiseworks and Diesel will band together for one night only with the Playing It Forward benefit concert at Hisense Arena on June 28 – via Frontier

Yahoo to spend $100 million on $4.48 billion Verizon sale – via Silicon Beat

Spotify Users Demand End To Track Limits In Music Libraries – via Hypebot

YouTube adds more details, and restrictions, around which videos can be monetized – via The Verge

Irish music industry shares ‘safe harbour’ copyright concerns in Brussels. – via IrishTimes

Pandora Adds Free Branded On Demand Streaming – via Hypebot

Lorde shares new single ‘Perfect Places’

This article originally appeared on The Industry Observer, which is now part of The Music Network.

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