Universal Music Group reported quarterly revenue of $3.90 billion, headlining a week of major industry developments tracked by Music Business Worldwide. The figure underscores continued growth at the world’s largest music company despite a shifting streaming and licensing landscape.
Elsewhere, Spotify moved forward with an AI-powered remix feature, signaling the platform’s deeper push into generative audio tools for listeners. The round-up also covered other notable stories from across the sector’s labels, publishers and streaming services.
Read the full story at Music Business Worldwide.