Welcome to Music Business Worldwide’s collection of news. Here are five of the biggest news stories set to make headlines. Rounding in MBW is supported in: cent tripHelping over 500 of the world’s best-selling artists maximize their earnings and reduce travel costs.
If, like many of us, you’ve had a chance to take a break this holiday season, here’s a chance to catch up on some music business news: The 5 most meaningful industry headlines Over the past few weeks.
In short: There have been several notable developments related to: universal music group.
First, on December 23rd with UMG amazon music Announced a new licensing agreement that brings UMG’s vision to life.streaming 2.0“: More segmented streaming subscribers, higher subscription rates, higher ARPU, and a more ‘artist-centric’ approach to royalty payments.
Then on Thursday (January 2nd) we learned the following: Bill Ackman‘S Pershing Squareone of UMG’s largest shareholders, closed its limited life fund. As a result, Pershing Square transfers some of its assets. Ugh Stocks – Value 2.6% UMG’s Great Stock – For Individual Investors.
Elsewhere, three music publishersA preliminary agreement was reached this week involving UMG. anthropologyClaude AI Chatbot Developer Claude AI Chatbot has surpassed the ‘guardrail’ designed to prevent attacks on AI platforms. UMG expressive lyrics education.
Ugh, agreement, and ABKCO Claude sued Anthropic in 2023, claiming they had blatantly stolen copyrighted song lyrics. The case continues.
Other than UMG News… I also looked at Duke University Law School. Music IP Entering Public Domain In the United States in 2025, it contains 1924 recordings: George Gershwin‘S Rhapsody in Blue, Al Jolson‘S california here i comeand Jelly Roll Morton‘S Shreveport Stomp.
The new year has finally arrived. honor list in the UK, including prominent music industry figures. Among the Britons who won new titles this year were: atlantic records EVP Austin Dabo, sony music vice president Jackie Hydeand broadcaster Jasmine Dotiwala.
Here’s what happened while you were drinking eggnog…
1) Universal Music Group and Amazon Music INK New Deal, includes exclusive content… And with ‘Streaming 2.0’ as the core
universal music group (UMG) And amazon music jointly announced a renewed worldwide licensing agreement on December 23.
According to a press release, the deal includes “expanded global relationships that enable more innovation, exclusive content with UMG artists, and advancement of artist-centric principles, including enhanced fraud prevention.”
PR claims the deal will “ensure UMG’s artists achieve their commercial potential through: [Amazon Music’s] Continuous product improvements and exclusive content that drives true engagement between artists and fans.”
In a statement today, the CEO and Chairman of Universal Music Group said: Sir Lucian Grange “We are excited to further develop our long-standing partnership with Amazon Music as we usher in a new era of streaming. streaming 2.0… ”
Photo: Kristoffer Tripplaar/Alamy
2) Pershing Square distributes 47 million shares of Universal Music to investors and delists from the Amsterdam Exchange
Bill Ackman‘S Pershing Square Capital Management (PSCM) is closing the investment fund in which it holds shares. universal music groupIt’s being distributed. 47 million Stocks in the music company are offered to the fund’s co-investors.
The news came out that very day. Pershing Square Holdingsa closed-end fund owned by PSCM, announced that it has received regulatory approval to delist from the Amsterdam Euronext stock exchange.
Controlled by Pershing Square Holdings 10.25% This is the value of UMG stock at the end of 2023, according to UMG’s annual report. 47 million shares distributed by Pershing Square 2.6% Number of shares outstanding of UMG. Even after distribution, the investment company will continue to hold the shares. 140 million stocks, or 7.6% UMG’s Pershing Square said in a statement Thursday.
“The PSVII Fund has decided to distribute UMG shares to its limited partners in lieu of cash because it believes UMG shares are significantly undervalued at current stock prices, and the tax-free share distribution allows limited partners to continue to own UMG shares,” Pershing Square said. He said this.
On January 1, 2025, thousands of works copyrighted in 1929 will enter the U.S. public domain, along with recordings from 1924. In the United States, it’s free for everyone to copy, share, and build on.
This year’s compositions include classic songs such as: sing in the rain and It’s not wrong.
In terms of recordings, tracks currently “legally reusable” include a set of tracks performed in 1924, according to Duke University Law School. These include: George Gershwin viable Rhapsody in Blue, Jelly Roll Morton play Shreveport Stompand early recordings of the contralto and civil rights icon. Marian Anderson… (Duke University Law School)
universal music group A breakthrough was secured in the case. anthropology – A generative AI platform that UMG (including Concord and ABKCO) sued for copyright infringement.
The plaintiff in the case claims as follows: anthropologyabsorbed 8 billion dollars of investment AmazonTo train Claude, an AI chatbot, we ripped up copyrighted lyrics.
In recent developments anthropology It promised to implement already existing “guardrails” to prevent platforms from harvesting lyrics expressed by plaintiffs. The important thing is, California Legal Document FilingThese “guardrails” will apply to the company’s future technological developments and products.
Music copyright holder lawsuit anthropology This continues despite the new contract. According to The Hollywood Reporter“The court is expected to rule on whether to issue it in the coming months. [a] “Preliminary injunction prohibiting Anthropic from training future models on lyrics owned by the publisher”… (Hollywood Reporter)
5) AUSTIN DABOH, JACKIE HYDE, JASMINE DOTIWALA and STEVE LAMACQ have been named in the British New Year Honors List.
The latest New Year honors list has been released in the UK, including some familiar faces from the music industry. Those with new titles include:
Austin Dabo OBE (EVP, Atlantic Records UKfor music services);
Jackie Hyde MBE (Vice President, Artist and Corporate Relations, sony musicservices to the music industry);
Jasmine Dotiwala OBE (Long-standing broadcaster providing broadcasting, music, equality, diversity and inclusion services);
Steve Ramack MBE (Long-time British broadcaster and supporter) music venue trustFor broadcasting and music venue services)…
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