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Creative Industries

IMPALA’s 10-point reaction to Downtown’s acquisition by UMG getting the green light from the European Commission

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Following the European Commission’s decision to approve the acquisition by Universal Music Group (UMG) of Downtown Music Holdings, independent music companies trade organisation IMPALA has issued a 10-point comment on the process and its outcome. IMPALA challenged from the outset the proposed transaction, arguing that it would simply contribute to give even more market power to the world's largest music company. Creative Industries News publishes below IMPALA's views, verbatim:

IMPALA welcomes...

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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

Musical chairs — Week 7, 2026

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GLOBAL

WIPO's Daren Tang

Daren Tang, the Director General of the World Intellectual Property Organisation (WIPO) has been elected by the WIPO Coordination Committee for a second six-year term. Tang was first elected by WIPO’s 83-member Coordination Committee in March 2020 from a list of six candidates. He previously served as the Chief Executive of the Intellectual Property Office of Singapore (IPOS). This time, The Coordination Committee, held one round of voting from a list of two candidates...

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Creative Industries

Music deals — Week 7, 2026

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These are some of the music deals announced in the past weeks:

Jonny Pierce

Independent music company Bella Figura Music has acquired the publishing catalogue of Jonny Pierce, the songwriter, vocalist and creative force behind US rock band The Drums. Financial details of the transaction have not been disclosed. The acquisition covers Pierce’s publishing interests in songs written for The Drums covering releases up to and including ‘Encyclopedia’, released in 2014. The deal includes material fr...

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Creative Industries

Key figures — Week 7, 2026

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$716.9 billion That's Amazon's revenue for 2025, up 12% compared with $638.0 billion in 2024. Revenue from Amazon's cloud operations AWS increased 20% year-over-year to $128.7bn. $500 billion That's how much Alphabet, Meta, Amazon and Microsoft are expected to spend on AI in 2026, according to Reuters. Alphabet alone could spend up to $175-185bn in capital expenditure this year. $380 billion That's Anthropic's valuation after the AI start-up, parent of chatbot Claude, closed a $30 billion fund-r...

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