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Universal Music Group and Hook announce landmark licensing partnership for fan-created content
Universal Music Group and Hook have announced a landmark licensing partnership that enables fans to create and share content using UMG's official recordings while generating additional revenue for artists and rightsholders. The two-year collaboration, which included learnings from over 30 UMG artist campaigns across labels such as Republic Records, Capitol Records, Mavin, and Virgin Music Group, establishes a framework where every creation is licensed, attributed, and tracked. UMG artists and rightsholders will control which songs are available, which creative experiences fans can use, and where resulting content can be shared. Hook's technology does not generate new tracks but allows fans to personalize and share licensed music across social media, with backing from investors including Khosla Ventures, Point72, Imaginary Ventures, and Waverley Capital.
PR Newswire·7dRead more ▾
UMG.AS▼
Suno announces audio watermarking and fingerprinting to prevent misuse on streaming platforms
AI music generation service Suno announced new tools including audio watermarking and fingerprinting to prevent misuse of its tracks on other streaming platforms. The company also signed an agreement with lyrics provider Musixmatch to use its Sentinal system for copyright detection, and updated its community guidelines to explicitly prohibit deceptive audio and unauthorized use of a person's voice or likeness. Suno plans to introduce a new download policy to bar mass distribution on streaming platforms, though details were not provided. The changes come as Suno faces lawsuits from major labels including Universal Music Group and Sony Music Group, a recent German court ruling that it broke copyright rules, and a class action lawsuit in Massachusetts over a data breach that affected 55 million users.
TechCrunch·20dRead more ▾
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Universal Music Group launches additional €250 million share buyback
Universal Music Group N.V. has started an additional share buyback program to repurchase its own shares for an aggregate amount of €250 million. The program will be executed within the existing share repurchase authorization granted at the UMG Annual General Meeting on May 13, 2026, and was previously communicated on April 29, 2026. Trading decisions will be made independently by a single broker on Euronext Amsterdam, Turquoise Europe, Aquis Exchange Europe, and CBOE Europe Limited, with the program expected to complete no later than September 10, 2026. The maximum number of shares to be repurchased is 25,000,000, and the repurchased shares will be used to meet obligations under the 2022 Universal Music Group Global Equity Plan or to reduce share capital. The program may be suspended, modified, or discontinued at any time and will comply with the Market Abuse Regulation and related safe harbour provisions.
PR Newswire·21dRead more ▾
UMG.AS▼
European stocks close slightly lower, strong earnings help support the market
European stocks closed slightly lower on Friday, but still posted gains for both the week and the month. The STOXX 600 index ended at 649.19 points, down 0.12 percent, after hitting an all-time high during the session before pulling back late in the trading day. Strong corporate earnings helped offset pressure from Middle East tensions and concerns over artificial intelligence investment. Energy stocks rose 1.2 percent, the most among industry sectors, supported by higher oil prices. Meanwhile, Universal Music Group shares plunged 25.4 percent, their sharpest daily drop on record, following its first-half earnings report.
InfoQuest·26dRead more ▾
Artificial Intelligence
Sony Music files new lawsuit against AI startup Udio over 30,000 recordings
Sony Music Entertainment filed a new lawsuit against AI startup Udio, alleging it infringed on more than 30,000 copyrighted recordings. Sony claims Udio ripped off music from YouTube without permission to train its AI models, which can generate audio similar to protected works by artists such as Alicia Keys, Dolly Parton, and Elvis Presley. The lawsuit expands on a 2024 case Sony brought alongside Warner Music Group and Universal Music Group, though those two labels have since struck licensing deals with Udio. Sony is seeking up to $150,000 per infringed work, plus other damages and costs. Udio did not immediately respond to a request for comment.
Los Angeles Times·36dRead more ▾
Universal Music Group repurchased 3.57 million shares last week under its €500 million buyback program
Universal Music Group repurchased 3,573,737 of its own shares between June 22 and June 26, 2026, at an average price of €18.32 per share, for a total consideration of €65,475,330. These repurchases are part of the company's €500 million share buyback program announced on March 30, 2026. Since the program began, a total of 24,857,287 shares have been repurchased for a total consideration of €465,218,349 as of June 26.
PR Newswire·58dRead more ▾