* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, May 23, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Embracer intends to spin off Coffee Stain Group by the end of 2025, with remaining business rebranded as Fellowship Entertainment – GamesIndustry.biz

    Embracer intends to spin off Coffee Stain Group by the end of 2025, with remaining business rebranded as Fellowship Entertainment – GamesIndustry.biz

    San Jose eyes creation of entertainments zones with FIFA World Cup, Super Bowl LX on the horizon – The Mercury News

    San Jose Sets Its Sights on Exciting Entertainment Zones Ahead of FIFA World Cup and Super Bowl LX!

    Wilmington’s future of fun: 5 recreation and entertainment spaces planned in the Port City – Wilmington Star-News

    Exciting Developments Ahead: 5 New Recreation and Entertainment Spaces Coming to Wilmington!

    Jason Momoa Is Done With Peace in Apple’s ‘Chief of War’ Teaser – Yahoo

    Jason Momoa Embraces Chaos in Gripping Teaser for Apple’s ‘Chief of War’

    AI Entertainment Studio Promise Inks Deal With Google, Raises Investment from Michael Ovitz’s Crossbeam – The Hollywood Reporter

    AI Entertainment Studio Promise Secures Major Deal with Google and Attracts Investment from Michael Ovitz’s Crossbeam!

    Jennifer Lawrence and Robert Pattinson Did This “Humiliating” Thing to Prep for Sex Scenes – Yahoo

    Jennifer Lawrence and Robert Pattinson’s Hilarious Preparation for Steamy Sex Scenes!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Aera Technology Debuts Decision Intelligence Skill to Navigate Shifting Tariff Dynamics Across Value Chains – Silicon Canals

    Unlocking Success: Aera Technology Launches Innovative Decision Intelligence Skill to Tackle Evolving Tariff Challenges in Value Chains

    Auditory Processing and Psychosocial Improvements with Remote Microphone Technology: An Evidence Review – The Hearing Review

    Unlocking Sound: How Remote Microphone Technology Enhances Auditory Processing and Boosts Psychosocial Well-Being

    Quadient and Nuvei Forge Strategic Technology Partnership – Finovate

    Quadient and Nuvei Forge Strategic Technology Partnership – Finovate

    Novotech Honored with Triple Win in 2025 Pharmaceutical Technology Excellence Awards – Morningstar

    Novotech Celebrates Triple Triumph at the 2025 Pharmaceutical Technology Excellence Awards!

    Experts Issue Warning on New TSA Technology – Men’s Journal

    Experts Sound Alarm Over New TSA Technology: What You Need to Know

    Cellino’s iPSC Manufacturing Technology Receives FDA Advanced Manufacturing Technology (AMT) Designation – Business Wire

    Cellino’s Groundbreaking iPSC Manufacturing Technology Earns FDA’s Advanced Manufacturing Designation!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Embracer intends to spin off Coffee Stain Group by the end of 2025, with remaining business rebranded as Fellowship Entertainment – GamesIndustry.biz

    Embracer intends to spin off Coffee Stain Group by the end of 2025, with remaining business rebranded as Fellowship Entertainment – GamesIndustry.biz

    San Jose eyes creation of entertainments zones with FIFA World Cup, Super Bowl LX on the horizon – The Mercury News

    San Jose Sets Its Sights on Exciting Entertainment Zones Ahead of FIFA World Cup and Super Bowl LX!

    Wilmington’s future of fun: 5 recreation and entertainment spaces planned in the Port City – Wilmington Star-News

    Exciting Developments Ahead: 5 New Recreation and Entertainment Spaces Coming to Wilmington!

    Jason Momoa Is Done With Peace in Apple’s ‘Chief of War’ Teaser – Yahoo

    Jason Momoa Embraces Chaos in Gripping Teaser for Apple’s ‘Chief of War’

    AI Entertainment Studio Promise Inks Deal With Google, Raises Investment from Michael Ovitz’s Crossbeam – The Hollywood Reporter

    AI Entertainment Studio Promise Secures Major Deal with Google and Attracts Investment from Michael Ovitz’s Crossbeam!

    Jennifer Lawrence and Robert Pattinson Did This “Humiliating” Thing to Prep for Sex Scenes – Yahoo

    Jennifer Lawrence and Robert Pattinson’s Hilarious Preparation for Steamy Sex Scenes!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Aera Technology Debuts Decision Intelligence Skill to Navigate Shifting Tariff Dynamics Across Value Chains – Silicon Canals

    Unlocking Success: Aera Technology Launches Innovative Decision Intelligence Skill to Tackle Evolving Tariff Challenges in Value Chains

    Auditory Processing and Psychosocial Improvements with Remote Microphone Technology: An Evidence Review – The Hearing Review

    Unlocking Sound: How Remote Microphone Technology Enhances Auditory Processing and Boosts Psychosocial Well-Being

    Quadient and Nuvei Forge Strategic Technology Partnership – Finovate

    Quadient and Nuvei Forge Strategic Technology Partnership – Finovate

    Novotech Honored with Triple Win in 2025 Pharmaceutical Technology Excellence Awards – Morningstar

    Novotech Celebrates Triple Triumph at the 2025 Pharmaceutical Technology Excellence Awards!

    Experts Issue Warning on New TSA Technology – Men’s Journal

    Experts Sound Alarm Over New TSA Technology: What You Need to Know

    Cellino’s iPSC Manufacturing Technology Receives FDA Advanced Manufacturing Technology (AMT) Designation – Business Wire

    Cellino’s Groundbreaking iPSC Manufacturing Technology Earns FDA’s Advanced Manufacturing Designation!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Entertainment

UMG CEO Lucian Grainge on TikTok—”Let Me Be Clear, Free Doesn’t Work For Us”

February 29, 2024
in Entertainment
UMG CEO Lucian Grainge on TikTok—”Let Me Be Clear, Free Doesn’t Work For Us”
Share on FacebookShare on Twitter

UMG CEO Lucian Grainge TikTok

Photo Credit: Eyestetix Studio

On January 30 Universal Music Group announced it would not renew its global licensing deal with TikTok. The spat over UMG music now has most videos featuring UMG/UMPG music muted on the platform, but the blowback from artists hasn’t phased UMG executives.

Universal Music Group makes clear in its latest Q4 2023 earnings call that revenue earned from TikTok accounts for only 1% of the company’s total revenue. Here’s UMG’s CFO Boyd Muir confirming that data on the call. “With regard to TikTok we’ve disclosed that our former deal generated about 1% of total UMG annual revenue,” Muir says.

Taking that into account, with UMG’s full-year revenues reported at $12 billion means the TikTok deal was only worth about $120 million. Muir seems to confirm that as he admits UMG is focusing on other social platforms.

“Because other platforms in the social video category achieved much greater monetization, we’re focused on accelerating our partnerships with YouTube, Meta, Snap, and others. And we look forward to updating you in the coming weeks ahead about exciting competitive developments and incremental opportunities emerging within the category.”

CEO Sir Lucian Grainge reiterates that Universal Music doesn’t like the direction TikTok is headed with its suite of AI tools, either. “Relating to a key concern we have with TikTok, our responsible AI initiative was launched last year to place the protection of artists and the advancement of their interest at the very core of how we think about AI,” Grainge says.

“It includes things like ensuring that human artists are not economically disadvantaged, protections against deep fakes and transparency requirements for AI companies regarding how they train their models on our IP and the artists work and their creativity.”

“It is critical that as an industry we advocate for the public policies that put appropriate guardrails in place, so that the market can best deliver win-win outcomes,” Grainge says of AI regulation. “That’s exactly at the core of who and what we are. And that’s why we’re forging innovative private sector partnerships with AI tech companies.”

He also reiterates that TikTok was deriving more value from the UMG catalog than it was repaying the major label by saying ‘free doesn’t work for us.”

“Let me be clear—free doesn’t work for us. We have spent years creating a path to digital monetization in every single category,” Grainge told investors.

“The monetization is so poor that a minimal transfer into other platforms will have a better financial outcome for us. And I’m also not prepared to compromise the future of the social category, by doing something that completely undermines the economics for us and for everybody else about that.”

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : DigitalMusicNews – https://www.digitalmusicnews.com/2024/02/28/umg-ceo-lucian-grainge-tiktok-comments/

Tags: entertainmentGraingeLucian
Previous Post

Exclusive: TuneCore vs. CD Baby Settlement Appears Possible Following Court-Issued ‘Temporary Restraints’ Against CD Baby

Next Post

First Photographs Of Humpback Whale Sex Feature Two Males In The Act

Sports on TV: Friday, May 23, 2025 – Miami Herald

Don’t Miss the Exciting Sports Lineup This Friday, May 23, 2025!

May 23, 2025
Chimpanzees use medicinal leaves to perform first aid – Frontiers

Chimpanzees use medicinal leaves to perform first aid – Frontiers

May 23, 2025
Three Students Earn National Science Foundation Graduate Research Fellowships – UConn Today

UConn Students Shine as National Science Foundation Graduate Research Fellowship Recipients!

May 23, 2025
Modern Ag Alliance Urges Science-Based Agricultural Policy in Response to MAHA Commission Report Questioning Crop Protection Tools – Morningstar

Modern Ag Alliance Calls for Science-Driven Agricultural Policies Following MAHA Commission’s Crop Protection Report

May 23, 2025
Summer must-haves from lifestyle contributor Limor Suss – WWLP

Essential Summer Must-Haves You Can’t Live Without!

May 23, 2025
New World drags Hong Kong banks into a loan tango – Reuters

New World Sparks a Loan Tango for Hong Kong Banks

May 23, 2025
Droughts are major threat to Eurozone economy, warns ECB – Financial Times

ECB Sounds Alarm: Droughts Pose Significant Risk to Eurozone Economy

May 23, 2025
Embracer intends to spin off Coffee Stain Group by the end of 2025, with remaining business rebranded as Fellowship Entertainment – GamesIndustry.biz

Embracer intends to spin off Coffee Stain Group by the end of 2025, with remaining business rebranded as Fellowship Entertainment – GamesIndustry.biz

May 23, 2025
Read the Full ‘Make America Healthy Again’ Report – The New York Times

Discover the Insights of the ‘Make America Healthy Again’ Report!

May 23, 2025
‘OPB Politics Now’: An inside look at how OPB covers the Oregon Capitol – Oregon Public Broadcasting – OPB

Behind the Scenes: Discover How OPB Captures the Heart of Oregon Politics

May 23, 2025

Categories

Archives

May 2025
MTWTFSS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Apr    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (631)
  • Economy (644)
  • Entertainment (21,557)
  • General (15,227)
  • Health (9,685)
  • Lifestyle (649)
  • News (22,149)
  • People (647)
  • Politics (652)
  • Science (15,868)
  • Sports (21,154)
  • Technology (15,633)
  • World (634)

Recent News

Sports on TV: Friday, May 23, 2025 – Miami Herald

Don’t Miss the Exciting Sports Lineup This Friday, May 23, 2025!

May 23, 2025
Chimpanzees use medicinal leaves to perform first aid – Frontiers

Chimpanzees use medicinal leaves to perform first aid – Frontiers

May 23, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version