Universal Music Group

The prize includes the release of a single through a UMG label, the production of a video to accompany the single, and dedicated A&R mentoring from UMG executives.

The multi-year deal will include the telling of the stories of UG’s iconic labels such as Island, Capitol, Motown and Def Jam, and also issue soundtracks and film scores from Lionsgate’s productions.

“It’s like a landscape that enables the listener to find a place to rest and reflect.”

“We will only choose investors who are compatible with Universal Music Group’s current strategy.”

"After a decade of working in partnership together, we are thrilled to expand and extend our relationship."

Universal Music Group paid US$31 million to the Prince estate for his work since 1999.

The search is on for the best unsigned artist in the Asia-Pacific region.

Vivendi CEO Arnaud de Puyfontaine believes that if Vivendi does go the IPO route, Universal Music’s valuation would be higher than Spotify's.

Huge news.

Part one airs tonight.