PYMNTS-MonitorEdge-May-2024

Universal Music Group

TikTok Pulling Plug on Streaming Music Service
TikTok Pulling Plug on Streaming Music Service
September 24, 2024  |  Social Commerce

TikTok says its streaming music service won’t be around for much longer. “We are sorry to inform you that TikTok Music will be closing on...

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Record Labels Take AI Music Generators to Court, Raising Questions for eCommerce
Record Labels Take AI Music Generators to Court, Raising Questions for eCommerce
June 26, 2024  |  artificial intelligence

As the world’s largest record labels take aim at AI-generated music, the targeted companies are pushing back, setting the stage for a legal battle that...

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Robots vs Rock Stars: UMG and Roland Share Guidelines for AI Music
Robots vs Rock Stars: UMG and Roland Share Guidelines for AI Music
March 23, 2024  |  Artificial Intelligence

The year is 2034, Taylor Swift hasn’t had work in years, and all our favorite songwriters are just algorithms. This is the future that Universal Music...

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Universal Music Group and Partners Monetize Music on Roblox
Universal Music Group and Partners Monetize Music on Roblox
March 18, 2024  |  Partnerships

Universal Music Group (UMG), Republic Records and Styngr partnered on a solution that helps music labels curate, distribute and monetize music across the Roblox platform. The new solution, Boombox, helps music labels launch...

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Taylor Swift Drove 2% of All Music Sales in 2023
Taylor Swift Drove 2% of All Music Sales in 2023
February 04, 2024  |  Streaming

Last year, Taylor Swift accounted for 2% of the music industry’s entire sales. But as the megastar prepares to make history — in the running...

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UMG Removes Songs From TikTok After Breakdown in Negotiations
UMG Removes Songs From TikTok After Breakdown in Negotiations
February 01, 2024  |  Mobile Applications

Universal Music Group and TikTok are in a dispute that has resulted in users losing access to songs from artists such as Taylor Swift and...

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Universal Music Group Sees Paid Subscriptions Rise as Consumers Tune In
Universal Music Group Sees Paid Subscriptions Rise as Consumers Tune In
October 27, 2023  |  Subscription Commerce

Universal Music Group (UMG) is seeing increased revenue from paid subscription platforms amid decreases from free, ad-supported streaming services, suggesting that consumers may increasingly be...

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Report: Triller’s User Count Doesn’t Match Intelligence Firm’s Estimates
Report: Triller’s User Count Doesn’t Match Intelligence Firm’s Estimates
August 21, 2023  |  Social Commerce

Short-form video app Triller’s reported number of users doesn’t match the estimates of market intelligence firm Apptopia. While Triller reported 550 million lifetime sign-ups on its...

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YouTube Collaborates With Universal Music Group for AI Music Program
YouTube Collaborates With Universal Music Group for AI Music Program
August 21, 2023  |  artificial intelligence

YouTube has unveiled its artificial intelligence (AI) music principles and introduced the YouTube Music AI Incubator, a program designed to collaborate with artists, songwriters and producers....

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