Music Network

Universal Music Group posted revenues of 1.3 billion (A$1.91 billion) in Q1 2017, marking a 12.7% rise, up from 1.119 billion ($1.64 billion) year-on-year. It was its best performing quarter in 15…

Pandora is looking at the possibility of acquiring a new owner after securing fresh investment of US$150 million from private equity giant KKR. Its chairman of the board, Jim Feuille, has stepped…

Amidst the hostility shown by the music industry to YouTube for its low royalty rates, Warner Music Group (WMG) has extended its recording and publishing deal with the video platform. In a note to…

Vinyl sales were up after this year s global Record Store Day (RSD) on April 22. They rose 14% in the United States and 40% in the UK from last year s RSD. In both countries, RSD 2017 was declared…

American EDM outfit Major Lazer and French DJ Snake have joined an elite click club. The video for Lean On, filmed in two Indian cities, has exceeded 2 billion views on YouTube. Others in the club…

Both Twitter and Instagram have released figures that show continued user growth for both major social media platforms. Twitter announced active users were up 8% year-over-year to 328 million in the…

Universal Pictures has bought the script for the Madonna biopic Blonde Ambition, the Hollywood Reporter reveals. Penned by LA writer Elyse Hollander, it is based around the time when the Material…

On the first anniversary of Prince s death (April 21), there was good news and bad news. First, the good. Figures released this week by sales monitoring Nielsen Music showed that Prince was the best…

Audience Republic has announced the latest lineup for its free Music Tech Summit event, to be hosted at Universal Music’s office in Sydney on Thursday May 4. Junkee Media co-founder Tim Duggan will…

Revenue for UK record companies hit a five-year high in 2016, according to new data from industry association the BPI (British Phonographic Industry). The BPI s revenue combines streaming, downloads,…

Troy Carter, the former manager of Lady Gaga and now a Spotify executive, has been appointed entertainment adviser for Prince s estate. He will continue in his role at Spotify as its Global Head of…

Ed Sheeran has cut a deal to end a US$20 million copyright infringement claim over one of his best-known songs, Photograph. Songwriters Thomas Leonard and Martin Harrington accused him of copying…