Facebook has completed a series of deals for the right to show music videos, according to people familiar with the matter, vaulting the social network into a medium dominated by YouTube.
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A consortium led by China’s Tencent has agreed to buy 10% of the world’s biggest music company, Universal Music Group, from Vivendi after months of talks.
Vivendi is in talks to sell 10% of Universal Music Group to China’s Tencent, helping the world’s biggest music company expand in fast-growing Asian markets. Vivendi shares rose as much as 9%.
For the last few years, Barclays’ annual research reports about the music industry reflected the challenges of a business in transition — or, more specifically, one that had slowed a rapid decline but had not returned to growth. In 2014, as track sales fell, the
The different factions of the music industry – artists, labels, agents and publishers – rarely agree on anything. But on one thing they are united: streaming services are the future. Apple Music, Spotify and their rivals allow users to listen
Universal Music Group and Samsung Electronics, together with African and international music labels and publishers, have launched a pan-African mobile music streaming service called “the Kleek”. The Kleek, designed specifically