BNET Industries
Last Fiscal Year Sales:$6.8B
- Private
- US
Dow Jones Description
Recorded Music Production
Peer Companies
NAICS Code Offices of Other Holding Companies: 551112
Recent Events
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Google, labels partner on music search: sources
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MOG Announces Premium Digital Music Service Coming Soon THE WORLD'S LEADING DESTINATION FOR MUSIC INFORMATION...
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'GnR' accused of plagiarism
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Allman Brothers Battling Universal in Royalty Lawsuit
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Vevo Now In Talks With TV Networks
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Warner Music Still Negotiating With YouTube
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MOD Systems Brings Digital Album and Single Track Music Sales to Retail Stores
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UPDATE 2-Vivendi keeps 2009 outlook as Q1 profit rises
News & Analysis
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universal music group - All News and Analysis
Universal Music's Grainge To Succeed Morris As CEO
PaidContent
- 2009-11-03
Universal Music CEO Doug Morris will be succeeded by international chief Lucian Grainge next year, BusinessWeek reports (The Times Online also calls Grainge Morris’ “annointed successor” in a piece today). BusinessWeek says that Morris—who has overseen Universal Music’s operations for the last 15 years—plans to step down as CEO...
@ Google's Discover Music: MySpace Will Power Google's Music Search Results
PaidContent
- 2009-10-28
At the famed Capitol Records building in Hollywood, Google officially unveiled its OneBox music search service. First news tidbit to emerge is that MySpace will be powering the streaming music, videos and track purchases—not it’s new acquisition iLike. Google’s Marissa Mayer demoed what the new music search results would...
Vevo Gets its Investor: Abu Dhabi Media Joins "Hulu for Music Videos" [MediaMemo]
BNET
- 2009-10-19
Vevo, the music industry's version of Hulu, now has its own version of Providence Equity, the outside investor that took a flyer on the Web TV and movie joint venture: Abu Dhabi Media Company has purchased a stake in the company from owners Universal Music and Sony SNE. Terms of...
Industry Moves: Nokia's Kohl To Head Up Ad Sales At Vevo
PaidContent
- 2009-09-23
Former Nokia interactive ad sales vet David Kohl has joined Vevo, the music video site that labels like UMG and Sony are hoping will be “the next Hulu.” As EVP of of customer sales and operations, Kohl will lead Vevo’s efforts to secure big brand sponsorships, reporting to CEO...
Earnings: Vivendi H1 Up On Games, Digital Music Growth
PaidContent
- 2009-09-01
Fast growing digital music sales and the ongoing popularity of online multiplayer video games helped Vivendi (EPA: VIV) to a recession-beating 15 percent year-on-year revenue growth in the first half of 2009.—Activision Blizzard: The games division continued to power on - revenues up 300 percent from last year to...
Vevo seeks funding at USD300m valuation
Strategy Eye
- 2009-08-31
Music video service Vevo is seeking funding at a USD300m valuation to support its launch later this year. Sony, Universal and YouTube are behind the project and seek to capitalise on the popularity of music videos, with YouTube providing the infrastructure and network for the joint venture. Vevo will show music videos from Universal...
Top Microsoft Zune Marketing Executive Leaves For Universal Music
PaidContent
- 2009-08-26
Chris Stephenson, who has overseen global marketing for Microsoft’s Zune music player since its debut in 2006, is leaving Microsoft (NSDQ: MSFT) to join Universal Music, the WSJ reports. Stephenson confirms he is leaving to the WSJ. At Universal, he will lead marketing for Interscope Geffen A & M...
Universal Music Buys International Rights To Sinatra Albums
PaidContent
- 2009-08-20
Universal Music has purchased the international rights to Frank Sinatra albums from the Sinatra Family and Warner Music, the Financial Times reports. Under the terms of the deal, Universal can reissue albums that Sinatra released for Reprise, the record label he founded in 1960 and later sold to Warner...
Judge Rules For Universal But Lets Redbox Antitrust Claim Stand
PaidContent
- 2009-08-18
DVD rental biz Redbox took a big hit in its efforts to sue several Universal Studios units over a policy withholding new releases from vending machines for 45 days. After a months-long delay, U.S. District Judge Robert Kugler dismissed two counts in the suit late Monday, in a 13-page...
Apple joins with labels to promote album sales – Rumour
Strategy Eye
- 2009-07-26
Apple and the four major record labels are reportedly collaborating on a project to boost album sales on iTunes. The move is an attempt to reinvigorate the album format, which has seen steadily decreasing sales since digital downloads took off. ...
