Advertisement
YOU ARE HERE: LAT HomeCollectionsUniversal Music Group
IN THE NEWS

Universal Music Group

BUSINESS
November 9, 2006 | From the Associated Press
Microsoft Corp. says it has struck a deal with Universal Music Group aimed at allowing the company to do more with a feature of its Zune portable music player that lets people share songs over a wireless connection. Under the deal, Universal will receive a payment for every Zune player sold, in exchange for which Universal will provide more access to artists and rights to music. Chris Stephenson, general manager of global marketing for Microsoft, declined to comment on the financial specifics.
Advertisement
BUSINESS
June 16, 2009 | Times Wire Reports
Virgin Media, the cable TV operator owned by entrepreneur Richard Branson, launched a new kind of music download subscription service with Universal Music Group, the largest music company. The service, described by the companies as a world first, will enable Virgin Media's broadband customers in Britain to stream and download as many songs and albums as they like from Universal's catalog for a fee. But entertainment lawyers said the service was unlikely to solve the global music industry's problem of billions of dollars lost to music piracy, and would need to offer content from big-name entertainers to be attractive to consumers.
ENTERTAINMENT
January 25, 2008 | From the Associated Press
Amy Winehouse, nominated for six awards at next month's Grammys, has entered a drug rehabilitation facility, her record company said Thursday. A picture of the 24-year-old singer inhaling fumes from a pipe was published this week by British tabloid the Sun. "Amy decided to enter the facility today after talks with her record label, management, family and doctors," Universal Music Group said in a statement. "She has come to understand that she requires specialist treatment to continue her ongoing recovery from drug addiction," the statement said.
BUSINESS
January 5, 2006 | From Bloomberg News
Universal Music Group and Warner Music Group Corp. gained market share in the U.S. last year as their newly formed rival Sony BMG Entertainment lost ground. Universal Music, owned by Vivendi Universal, strengthened its No. 1 position with 31.7% of total albums sold last year, compared with 29.6% in 2004, Nielsen SoundScan said. Sony BMG, a joint venture of Sony Corp. and Bertelsmann, fell to 25.1% from 28.5%. Warner Music, run by Edgar Bronfman Jr., increased its share to 15% from 14.7%.
BUSINESS
November 23, 1999 | CHUCK PHILIPS
Seagram Co.'s Universal Music Group has invested an undisclosed amount of money in Miami-based Eritmo.com, a Latin music Web site that features news, fan club information, chat rooms and Webcasts of Latin music concerts, reviews and videos. The site, which allows fans to sample snippets of singles and albums, plans to create an extensive online digital library and to expand its e-commerce and international operations in the months ahead.
BUSINESS
October 31, 2006 | From Reuters
Universal Music Group is slashing European download prices for 1,500 older albums starting Wednesday, the first broad online cost-cutting move by a major music firm. The prices ultimately charged consumers would be determined by individual online retailers, Universal said. The albums are expected to sell for about 6.99 euros ($8.89) and 5.49 pounds ($10.43), reduced from 9.99 euros and 7.99 pounds, respectively. Download pricing of singles will not be affected.
BUSINESS
November 9, 2004 | Chuck Philips, Times Staff Writer
A federal grand jury in New York handed up a money laundering indictment Monday against a bookkeeper for The Inc., a record label owned by Vivendi Universal's Universal Music Group, the world's largest record corporation. The indictment of bookkeeper Cynthia Brent follows a two-year probe by the U.S. attorney's office in Brooklyn, which was investigating whether Irving "Gotti" Lorenzo, The Inc.'
BUSINESS
May 22, 1998 | MARLA MATZER, SPECIAL TO THE TIMES
As Seagram Co. agreed to acquire PolyGram, PolyGram Chief Executive Alain Levy's fate remains a question--one that Seagram President and Chief Executive Edgar Bronfman Jr. declined to address head-on at a news conference Thursday. "We're not going to comment on any individual [executive], no matter how senior or how impressive," Bronfman said when asked what Levy's role in the combined firm would be.
Los Angeles Times Articles
|