Universal Acquires Japan’s ‘Full Stack’ Music Company, Office Augusta

Universal Acquires Japan’s ‘Full Stack’ Music Company, Office Augusta

No Comments 9 January 2017

Universal Music Group has given its global market share a boost with a significant acquisition in Japan - the world’s second biggest recorded music territory.

Vivendi-owned UMG has swooped for Tokyo-based Office Augusta, in a deal which comes into effect on January 6, 2017.

The move represents Universal’s first major buyout since it snapped up US-based digital marketing agency Fame House in May.

Office Augusta is what’s known as a ‘full-stack’ music company, operating divisions across records, music publishing, live promotion and artist management.

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All Three Major Labels, Pandora and RIAA Announce Support for Hi-Res Audio Streaming

All Three Major Labels, Pandora and RIAA Announce Support for Hi-Res Audio Streaming

No Comments 9 January 2017

With a large swath of the industry on board, how long before streaming services offer premium audio tiers?

A large swath of the music business, including all three major labels (Universal Music Group, Sony Music and the Warner Music Group), the Recording Industry Association of America (RIAA) and music platforms such as Pandora, Rhapsody/Napster and HD Tracks, all in concert with the Digital Entertainment Group (DEG), today announced their support for studio-quality hi-res audio for music streaming.

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Music Subscriptions Passed 100 Million In December. Has The World Changed?

Music Subscriptions Passed 100 Million In December. Has The World Changed?

No Comments 9 January 2017

In streaming’s earlier years, when doubts prevailed across the artist, songwriter and label communities, one of the arguments put forward by enthusiasts was that when streaming reached scale everything would make sense. When asked what ‘scale’ meant, the common reply was ‘100 million subscribers’. In December, the streaming market finally hit and passed that milestone, notching up 100.4 million subscribers by the stroke of midnight on the 31st December.

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