UMG & Amazon Music Join Forces on 'Streaming 2.0': A New Era of Music Licensing!
Universal Music Group and Amazon Music have signed a groundbreaking new licensing agreement dubbed 'Streaming 2.0'. This move aims to enhance revenue through higher subscription prices and an 'artist-centric' approach to royalty payments. Alongside, Pershing Square has distributed 47 million UMG shares to investors, copyrighted works from 1929 have entered the public domain, and UMG, Concord, and ABKCO have reached an AI training agreement with Anthropic. We dive into these major shifts potentially reshaping the music industry landscape.
Jan 4