The choice was United States District Judge Jennifer Rochon’s since she had the power to dismiss Black Sheep’s class action lawsuit against UMG. Earlier this year, the rap duo, whose biggest hit “The Choice Is Yours” came out in 1991, alleged that the world’s largest record label had engaged in …
Read More »UMG, YG Entertainment Invest in Big Hit Joint Venture For Livestreaming Platform
Universal Music Group has partnered with South Korean labels YG Entertainment and Big Hit Entertainment to invest in a livestreaming platform, Big Hit announced on Tuesday, putting the world’s largest music company directly into the livestreaming space. UMG and YG have invested an undisclosed sum in KBYK Live, a joint …
Read More »Why the Major Music Companies' Profits Are Soaring in the Year of Chaos
At the start of the pandemic, concerns were mounting that the record industry was going to get lacerated. But at least in the case of the major music companies — Universal, Sony, and Warner — a different narrative is now starting to emerge. Not only were Sony’s recorded music revenues …
Read More »Hole Removed from Lawsuit Against Universal Music Over 2008 Fire
Hole has been removed from a class action lawsuit against Universal Music Group (UMG) over artists’ master tapes that were allegedly lost during a 2008 fire, Variety reports. On Friday, the suit was amended “based upon UMG’s representations that none of Hole’s masters were destroyed (subject to confirmation).” Soundgarden, Steve …
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