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Universal Music Group, home to megastars like The Beatles and Taylor Swift, sells a 10% stake to Chinese tech and entertainment giant Tencent
Creators of 1984 metal mockumentary will eventually gain control over recordings
As revenue from Spotify starts to sag for the first time, companies like Universal may need to look for new ways to boost earnings
The music-streaming company may be trying to own the international music business in China by accumulating minority stakes in the most powerful music-related companies in the U.S. and Europe
"We cannot accept [UMG's] belated claim that no damages were actually suffered"
"We have already determined that original masters for many of the artists named in the lawsuit were not lost in the 2008 fire," UMG claims
Label rebuffs obligation to split proceeds from litigation settlement, insurance claims filed over lost recordings
Hole, Steve Earle also listed in lawsuit accusing UMG of not doing enough to prevent fire, failing to disclose extent of damages
"I will ensure that the senior management of this company, starting with me, owns this," says Lucian Grainge
Recent stats raise an important question: How can the major labels perform at an optimum level with two new artists a day to develop, record, promote and market?
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