Universal Music Group hits €46.3billion valuation after going public in Amsterdam

After going public, Universal Music Group has seen its valuation rise to a colossal €46.3billion on the Amsterdam Stock Exchange, more than a third higher than the reference price confirmed by its parent company Vivendi. Music Business Worldwide reports that UMG’s share price has risen to €25.25/$29.63, putting the company’s valuation at €46.3billion/$54.3billion. Vivendi had…

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Richard H. Kirk of Cabaret Voltaire dies at 65

Richard H. Kirk, the last founding member of post-punk outfit Cabaret Voltaire, has died at 65. News of his passing was announced yesterday (21 September) by his label Mute which wrote in a statement: “It is with great sadness that we confirm our great & dear friend, Richard H. Kirk has passed away. Richard was…

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Audius receives £3.6m in strategic funding from Steve Aoki, Katy Perry, The Chainsmokers, and other music giants

Blockchain-enabled music platform Audius, which claims to have more than 6 million monthly users, announced a £3.6 million round of strategic funding featuring the involvement of some of music’s biggest stars. The Chainsmokers, Katy Perry, Nas, Steve Aoki, Pusha T, Mike Shinoda and Jason Derulo have been named as some of the participants in the…

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