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Creative Industries

The Board of Universal Music Group renews Lucian Grainge’s contract as Chairman and CEO for another five years

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The Board of Directors of Amsterdam-listed Universal Music Group NV, the world's largest music company, has extended the contract of the company's Chairman and Chief Executive Officer Lucian Grainge for five years from the extinction of his current contract. The new contract will kick in on May 1, 2023 and run until May 1, 2028. As part of the new contract, the majority of Grainge's compensation package’s economic value will be paid in UMG equity and UMG performance-based stock options. UMG sai...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

Creative Industries

Greece’s HERMES joins IMPALA

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The Hellenic Music Companies Association (HERMES), the trade association representing Greece's independent music companies, has joined European independent music companies' organisation IMPALA as its newest association member. Through the IMPALA membership, HERMES aims "to support networking, professional development, education, and closer engagement with European institutions and music industry developments" as well as giving independent music companies in Greece "a stronger collective voice na...

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Creative Industries

Warner Music Group acquires AI attribution startup Sureel AI

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Warner Music Group is acquiring Sureel AI, an AI attribution startup that has developed a technology to create "AI DNA" for every work. Terms of the acquisition were not disclosed. Following the completion of the deal, Sureel will continue to operate as a standalone platform serving the broader music and AI ecosystem. Warner Music Group will provide resources, scale, and strategic support. "The acquisition advances WMG’s mission to ensure that artists, songwriters, and rightsholders benefit whe...

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Creative Industries

Primary Wave Music seals partnership with the estate of Donna Summer

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Independent music publisher Primary Wave Music has announced a partnership with the estate of the late American performer and songwriter Donna Summer, in a deal that includes her music catalogue and recordings, as well as share in her name, image, and likeness (NIL) rights. Terms of the deal were not disclosed. This new partnership will also provide the estate access to Primary Wave’s marketing team and publishing infrastructure, and includes new opportunities in marketing, branding, digital, a...

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