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SoundCloud signs with Universal ahead of subscription launch

SoundCloud, a streaming music platform that has become home to garage bands and other artists who don't mind releasing tracks online for free, said Wednesday that it had reached a licensing deal with Universal Music Group.

YouTube enters music streaming with eye on casual fan

YouTube on Thursday entered the increasingly crowded field of music streaming, hoping to reach a new audience through a user-friendly service that seizes on the video giant's vast variety.

US states probe music labels for streaming collusion

Prosecutors in two US states are investigating whether major music labels have colluded to prevent competition in the booming area of music streaming, one of the companies has revealed.

Apple adds more swagger with $3B Beats acquisition (Update)

Apple is buying more flair, swagger and song-picking savvy with its $3 billion acquisition of Beats Electronics, a headphone and music streaming specialist founded by rapper Dr. Dre and Jimmy Iovine, one of the first recording ...

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Universal Music Group

Universal Music Group (UMG) is the largest business group and family of record labels in the recording industry. With a 25.5% market share (est. 2005), it is one of the "big four" record companies. It is a wholly owned subsidiary of Vivendi; Universal Studios, the movie studio, was sold in part to NBC to form NBC Universal, which itself is part of GE.

UMG owns the largest music publishing business in the world, Universal Music Publishing Group, following the acquisition of BMG Music Publishing in May 2007.

Vivendi's headquarters are in Paris, France. The UMG global headquarters are located New York City. Other major offices are located in Santa Monica, California, along with Universal Music Group Nashville in Nashville; in the UK the group has a number of offices in London and Romford.

Universal Music has announced that it will develop an online site for music videos inspired by, the site setup by News Corp. and NBC that allows free, ad-supported streaming of TV shows

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