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Showing results for "Lucian Grainge"

BUSINESS
UMG Bets on Itself with Massive €500 Million Share Buyback
The world’s largest music company is launching its first-ever repurchase program to address market "dislocation" and boost investor value.
· 1 min read
Robots in the Studio? Spotify’s Growing AI Battle Explained
CULTURE
Robots in the Studio? Spotify’s Growing AI Battle Explained
CEO Daniel Ek addresses the surge of machine-made tracks as Universal Music Group and stars like Billie Eilish fight to protect human royalties.
· 2 min read
Universal Music Cites 'Meaningful Dislocation' as U.S. Stock Listing is Indefinitely Shelved
MUSIC
Universal Music Cites 'Meaningful Dislocation' as U.S. Stock Listing is Indefinitely Shelved
Despite reporting a record €12.5 billion in annual revenue, Sir Lucian Grainge and UMG are hitting the brakes on a planned secondary listing on Wall Street.
· 1 min read