Sir Lucian Grainge on Universal’s new deal with Meta 

Universal Music Group signed a fresh licensing agreement with Meta in Q2, has concerns over the user-centric (‘Fan Powered’) streaming payout model – and thinks it “inevitable” that rising interest rates are going to drive down valuations of music catalogs. Those were some of the key takeaways from UMG boss, Sir Lucian Grainge, and his senior management team’s discussion with analysts on Universal Music Group’s Q2 earnings call last Wednesday.

Source: Sir Lucian Grainge on Universal’s new deal with Meta – and his belief that investment banks don’t ‘have the skill-sets or ability to exploit music rights’

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