Tag Archives: universal-music-group

With hours to go, the music business is closing out 2019 with big news: Universal Music Group, the biggest record company in the world, has sold a 10% stake — with a possibility of 10% more — to a consortium led by Chinese tech and entertainment giant Tencent. The $3.3 …

UPDATE:The judge overseeing the class action lawsuit over alleged damages in a 2008 Universal Music vault fire has denied UMG’s motion to stay discovery in the case, according to court documents obtained by Rolling Stone. The ruling means UMG will have to turn over a trove of documents, including lists …