Universal Music Group posted strong results from 2024 in earnings announced Thursday, with a 6.5% rise in revenue over 2023 and an 8.2% increase in recorded music subscription revenue (despite a 5.1% drop in streaming revenue from last year),

Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximize their income and reduce their touring costs.

Universal Music Group's Q4 earnings exceeded expectations. Read here for an update on UMGNF stock's growth challenges, and new deals with Spotify.

Lucian Grainge and other UMG execs discussed with analysts where future revenue growth would come from as the music giant releases fourth quarter results.

Rimas Entertainment, the label home to Bad Bunny and more, acquires stake in Dale Play Records (Bizarrap, Nicki Nicole, Duki, Rels B).

In a report released on March 7, Conor O’Shea from Kepler Capital maintained a Hold rating on Universal Music Group (UMGNF – Research Report),

The rapper, who settled with iHeartMedia, suspects that the major label made secret payments and offered reduced licensing rates to third parties to promote the song.

Nelly’s childhood friend failed to properly serve Universal Music Group and other corporations when he sued him, requiring their dismissal from his copyright infringement suit, a district court ruled Friday.

Universal Music Group (UMG) appears to have acquired an independent music company in the Netherlands, called 8Ball Music. Launched in 2006 and headquartered in Hilversum, 8Ball describes itself as a “multidisciplinary record company” that engages in management,